Better Collective A/S (STO: BETCO) Q1 2025 Earnings | May 21, 2025

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Earnings Calls

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Better Collective A/S (STO: BETCO) reported Q1 2025 results on May 21, 2025, reflecting a challenging quarter shaped by regulatory changes in Brazil and the United States. Revenue declined 13% year-over-year to €83 million, with recurring revenue at €49 million and organic revenue down 18%. EBITDA before special items fell 24% to €22 million, representing a 27% margin. The company’s cost efficiency program, launched in October 2024, delivered €5 million in quarterly savings, primarily through staff and operational reductions. The regulatory shift in Brazil, which took effect January 1, 2025, led to a €7 million negative impact on both revenue and EBITDA compared to Q1 2024. While Brazilian operations generated €10 million in Q1 revenue, delayed payments under the new framework negatively affected cash flow by €9 million. North American revenue also declined, impacted by the prior year’s North Carolina launch and reduced marketing activity from US partners. New depositing customers (NDCs) totaled 316,000 for the quarter, down 30% year-over-year, mainly due to bonus restrictions in Brazil and slower acquisition in the US. Despite these headwinds, Better Collective maintained its full-year 2025 guidance: revenue of €320–350 million, EBITDA before special items of €100–120 million, and free cash flow of €55–75 million. The company initiated a new €10 million share buyback in Q1 and continues to focus on global scalability and streamlining its House of Brands. Management highlighted positive trends in Brazil and expects momentum to build as the sports season ramps up in Q2. Outlook: FY2025: Revenue guidance of €320–350 million; EBITDA before special items of €100–120 million; free cash flow of €55–75 million. Positive trends expected from Brazil as the sports season accelerates in Q2; cost efficiency program remains on track. Continued focus on global scalability, operational efficiency, and recurring revenue growth. About Inside Ticker: For more expert analysis and real-time updates on Better Collective A/S (STO: BETCO) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #BetterCollective #BETCO #Q12025 #EarningsCall #iGaming #SportsBetting #Regulation #FinancialResults #AffiliateMarketing #InsideTicker

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