Better Collective publishes transcript of Q1 2026 interim report webcast
- Better Collective discussed its Q1 2026 interim report in a webcast attended by Co-founder and Co-CEO Jesper Søgaard, CFO Flemming Pedersen, VP of Investor Relations and Communications Mikkel Munch-Jacobsgaard.
- Revenue rose 5% to EUR 86 million, or 9% in constant currencies, while operational earnings increased 14% to EUR 25 million, reflecting EUR 9 million of underlying growth offset by EUR 4 million of FX headwinds.
- Recurring revenue totaled EUR 50 million, including EUR 40 million from revenue share; North American revenue share rose 46% to EUR 6 million as the region shifted toward pure revenue share agreements, lifting the margin to 31% from 18%.
- Value of deposits grew 15% to EUR 799 million despite 308,000 new depositing customers and continued pressure in Brazil from rules such as the welcome-bonus ban; management called talk of an outright betting ban unlikely, citing political volatility ahead of an election.
- Management expanded its Playbook partnership with X to a global deal, adding direct-message functionality that converts bet ideas or screenshots into pre-filled bet slips; guidance stayed unchanged, including 7%-12% organic revenue growth and EUR 40 million of annual share buybacks.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Better Collective A/S published the original content used to generate this news brief on May 21, 2026, and is solely responsible for the information contained therein.
