Sweden · Delayed Price · Currency is SEK Better Collective Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw a return to growth with revenue up 5% (9% in constant currencies) and EBITDA up 14%, driven by paid media, talent-led content, and North American revenue share. Strategic partnerships, especially with X, and prediction market initiatives position the business for further growth.
Fiscal Year 2025
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Record Q4 EBITDA and resilient performance were achieved despite regulatory and FX headwinds, with innovation in AI and data driving future growth. 2026 guidance targets renewed revenue and EBITDA growth, supported by a leaner cost base, new product launches, and a major World Cup catalyst.
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Q3 saw revenue of EUR 78 million and EBITDA of EUR 21 million, both impacted by a low sports win margin, but underlying growth was strong, especially in North America. The launch of Playbook drove rapid user adoption, and cost efficiency measures reduced expenses by 18% year-over-year.
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Q2 2025 revenue was EUR 82 million with EBITDA at EUR 23 million, reflecting market transitions in Brazil and a lighter sports calendar. Cost efficiencies were achieved, eSports became a standalone segment, and guidance remains unchanged for 2025 and 2027.
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Q1 2025 revenue and EBITDA met expectations amid regulatory headwinds, with cost savings on track and a new share buyback program launched. Brazil showed strong player retention but slower new customer growth, while the U.S. business remained stable with growing recurring revenue.
Fiscal Year 2024
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2024 saw strong growth in Europe, Canada, and eSports, but regulatory changes in Brazil and flat U.S. growth led to a cautious 2025 outlook. EBITDA is expected to remain flat, with a focus on cost efficiency, organic growth, and capital discipline.
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Q3 2024 delivered 8% revenue growth but saw organic decline and the first guidance downgrade since IPO, driven by U.S. and Brazil headwinds. A €50 million cost reduction program was launched, but long-term growth and M&A ambitions remain intact.
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Q2 2024 saw 27% revenue growth and strong recurring revenue, driven by organic gains and major acquisitions. North America faced headwinds, but the group maintained high margins and upgraded 2024 guidance, with new tech investments and a resilient, diversified strategy.