Better Collective A/S
STO:BETCO
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Better Collective A/S
STO:BETCO
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DK |
Better Collective A/S
Better Collective A/S is a developer of digital platforms within the iGaming industry. The Company’s portfolio includes community sites and applications and more than 2000 content sites. Community sites and applications offer a range of functionality catering to the more advanced users. Content sites present in-depth information on specific iGaming areas and appeal to less advanced users. The educational element of portfolio helps users identify iGaming strategies to improve iGaming experience. In addition, iGaming operators have the opportunity to market their brands through sites and applications within portfolio. The firm partners with more than 250 iGaming operators.
Better Collective A/S is a developer of digital platforms within the iGaming industry. The Company’s portfolio includes community sites and applications and more than 2000 content sites. Community sites and applications offer a range of functionality catering to the more advanced users. Content sites present in-depth information on specific iGaming areas and appeal to less advanced users. The educational element of portfolio helps users identify iGaming strategies to improve iGaming experience. In addition, iGaming operators have the opportunity to market their brands through sites and applications within portfolio. The firm partners with more than 250 iGaming operators.
Revenue Decline: Q1 revenue was EUR 83 million, down 14% quarter-on-quarter and 13% year-on-year, mainly due to regulatory changes in Brazil and tough comparisons in the U.S.
EBITDA Impact: EBITDA fell to EUR 22 million, with a EUR 7 million decrease driven by Brazil regulation and lower U.S. marketing, partly offset by cost savings and M&A.
Cost Savings: The EUR 50 million cost efficiency program is on track, delivering EUR 9 million in savings in Q1.
Guidance Unchanged: Both 2025 and 2027 guidance remain unchanged despite Q1 challenges.
Organizational Shift: The company restructured into three global business units and implemented a Co-CEO leadership model to drive scalability and focus.
Share Buyback: A new EUR 10 million share buyback program was launched, following a completed EUR 10 million buyback earlier in the year.
Brazil & U.S. Update: Early signs in Brazil post-regulation are encouraging despite lower new customer acquisition; U.S. performance was in line with expectations.
