Q1 2026 Better Collective A/S Earnings Call Transcript
Key Points
- Better Collective AS (BTRCF) reported a 9% revenue growth in constant currencies, reaching EUR 86 million in Q1 2026.
- Operational earnings increased by 14% year-over-year to EUR 25 million, demonstrating strong financial performance.
- The company saw a 46% growth in revenue from revenue share in North America, indicating a successful transition towards recurring revenue models.
- The value of deposits grew by 15% to EUR 799 million, highlighting the continued value of users generated for partners.
- Better Collective AS (BTRCF) expanded its Playbook partnership globally, becoming the official global partner to Axe, enhancing its market presence.
- The company faced a negative impact of EUR 4 million from foreign exchange fluctuations.
- Regulatory changes in Brazil and sports win margins negatively impacted revenue by around EUR 1 million each.
- New depositing customers (NDC) levels were stable but significantly down from all-time highs due to regulatory changes in Brazil.
- The Brazilian market remains unpredictable due to potential political changes, posing a risk to revenue stability.
- Despite strong performance, the company had to increase investment spend in Paid Media, adding EUR 2 million to costs.
/-- -
Good morning and welcome to Better Collective's Q1 2026 webcast. As it was just stated, my name is Mikkel Munch-Jacobsgaard, and I'm joined today by our Co-Founder and Co-CEO, Jesper Sogaard; and CFO, Flemming Federsen, who will provide today's business update.
Please follow me to the next slide. Here, we ask you to pay attention to this slide where we display our disclaimer regarding any forward-looking statements in today's webcast.
Here you see today's agenda. Jesper will start by providing a business update, including some of the highlights for Q1 2026, whereafter Flemming will take you through some of the financials before handing the word back to Jesper for concluding remarks.
As always, we will end the call with a Q&A session. Please turn to the next page as I hand over the word to Jesper.
- /
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
