Better Collective: First comment Q2, NDC driving top-line growth

Research Note

2019-08-14

13:07

Better Collective top-line for the second quarter was in-line with expectations. The top-line growth Y/Y was 64% and 6% Q/Q. The growth was driven by the rapid NDC increase during the last year, as there is a delay in revenues due to rev-share focus. The NDC growth was 68% Y/Y but declined -4% Q/Q. The organic growth reached 18%, which we consider strong as Q2’18 included the FIFA World Cup. Profit margins and EPS came in, more or less, in-line with expectations.

JA

KL

Jonas Amnesten

Kristoffer Lindström

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