Better Collective A/S (SE:BETCO)
:BETCO
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Earnings Data
Report Date
Aug 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.84Last Year’s EPS
1.08Same Quarter Last Year
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive tone: Better Collective returned to growth with revenue up (5% reported, 9% in constant currencies), EBITDA up 14% and multiple strengthening indicators (recurring revenue, 46% growth in North American revenue share, 15% higher deposits). Strategic initiatives (global X/Playbook partnership, prediction market positioning, talent-led media) and strong cash generation/return of capital (share buyback) are notable positives. The company also faces tangible headwinds—foreign exchange (~EUR -4m), sports win margin (~EUR -1m), and regulatory uncertainty in Brazil (~EUR -1m) that have constrained customer volumes (NDCs below all-time highs) and add geopolitical/regulatory risk. Overall, highlights and growth drivers materially outweigh the challenges in the quarter, while management kept guidance unchanged.Company Guidance
Return to Revenue Growth
Reported revenue of EUR 86 million in Q1 2026, up 5% year-over-year (9% growth in constant currencies).
Improved Operational Earnings and Margin
Operational earnings (EBITDA before special items) increased 14% year-over-year to EUR 25 million, delivering an EBITDA margin of 29%.
Stronger Recurring Revenue Base
Recurring revenue totaled EUR 50 million in Q1, of which EUR 40 million came from revenue share, underlining the quality and stability of the recurring earnings base.
North America Momentum
North American revenue share grew 46% year-over-year to EUR 6 million. Profitability in North America improved with margin rising to 31% from 18% a year earlier.
Growth in Value of Deposits
Value of deposits (deposits into revenue share accounts during the quarter) rose 15% year-over-year to EUR 799 million, indicating higher player value and healthier revenue-share cohorts.
Paid Media Strength and Investment
Paid Media delivered revenue growth of 12% and operational earnings growth of 25%; management increased investment in Paid Media during Q1 (additional EUR 2 million of cost as a deliberate growth investment).
Strategic Partnerships and Product Expansion
Expanded Playbook partnership to become official global partner to X, enabling private message integration, enhanced analytics and scaled social-native betting experiences ahead of major sports calendar (incl. FIFA World Cup 2026).
New Growth Initiatives: Prediction Markets
Company is positioning for prediction markets with dedicated hubs, social-first formats and product integrations; market context cited: monthly trading volume >$13 billion in 2025 and external TAM estimates ~ $1 trillion by 2030.
Brand & Talent-Led Media Momentum
Playmaker HQ and other talent-led properties performed well (example: 'Man On' podcast launch), and HLTV hosted a major esports awards show—supporting diversification into sponsorships and non-endemic advertisers.
Strong Cash Generation and Capital Allocation
Cash conversion of 101% before special items in Q1; launched EUR 40 million share buyback program and repurchased nearly EUR 7 million of shares in Q1. Capital reserves at quarter end: EUR 75 million (EUR 20 million cash, EUR 55 million unused bank facilities).
Guidance and Multi-Year Targets Intact
2026 guidance unchanged: organic revenue growth 7%–12%, EBITDA growth 8%–18%, annual share buyback of EUR 40 million and net debt/EBITDA below 3x. 2027–2028 targets remain: positive organic growth, EBITDA margin 35%–40% and net debt/EBITDA <3x.
SE:BETCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SE:BETCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 20, 2026 | kr136.40 | kr131.40 | -3.67% |
Feb 25, 2026 | kr113.00 | kr123.70 | +9.47% |
Nov 12, 2025 | kr107.00 | kr109.20 | +2.06% |
Aug 20, 2025 | kr136.60 | kr132.10 | -3.29% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Better Collective A/S (SE:BETCO) report earnings?
Better Collective A/S (SE:BETCO) is schdueled to report earning on Aug 20, 2026, Before Open (Confirmed).
What is Better Collective A/S (SE:BETCO) earnings time?
Better Collective A/S (SE:BETCO) earnings time is at Aug 20, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Better Collective A/S stock?
The P/E ratio of Better Collective A/S is N/A.
What is SE:BETCO EPS forecast?
SE:BETCO EPS forecast for the fiscal quarter 2026 (Q2) is 1.84.