Enhanced Collective, a premier sports wagering media conglomerate, experienced an exceptional conclusion to 2022. Their final quarter revenue surged to €86.1 million, a remarkable 63% leap year-on-year. This notable expansion was driven by a 94% spike in recurring earnings, attaining €41.3 million. The firm also witnessed a substantial climb in profit apportionment, which reached €30.2 million, signifying an 81% upswing.
Financial gain was another highlight for Enhanced Collective. Their Q4 EBITDA escalated by 115% year-on-year, hitting €35.2 million with a 41% margin. This triumph translated into an unprecedented volume of fresh depositing clients (NDCs) for the quarter, surpassing 58,000 – a 117% surge contrasted with the preceding year.
The impetus persisted into the new year. Enhanced Collective disclosed that January 2023 was their most successful January to date, yielding over €37 million in revenue, a noteworthy increase exceeding 40% year-on-year.
Examining the entirety of 2022, Enhanced Collective’s revenue hit €269.3 million, a 52% rise from the prior year. They also attained a record quantity of NDCs for the year, exceeding 168,000, a 96% increase year-on-year.
Jesper Søgaard, Co-founder and Chief Executive Officer of Enhanced Collective, ascribed this accomplishment to their resilient diversification approach and the strength of their internal partnerships. He conveyed his enthusiasm about the company’s path towards becoming a dominant digital sports media force.
Our amazing supporters reach into the millions, forming the foundation of our achievements in athletics. This enthusiastic group also creates truly thrilling prospects for our collaborators.
I’m immensely pleased with our staff and their commitment. They’ve surpassed expectations, and due to their diligence, we’ve not only achieved but surpassed our fiscal targets for this period.