Better Collective AS (FRA:9C8)

Q3 2024 Better Collective A/S Earnings Call Transcript

Nov 14, 2024 / 01:30PM GMT

Release Date Price: €12.04 (-1.79%)

Transcript

Key Points

Positve

Better Collective AS (BTRCF) has experienced significant growth in its audience, expanding from 7 million to over 400 million visits since 2018.
The company has successfully transitioned a portion of its US business to a revenue share model, which is expected to generate substantial future revenue.
Better Collective AS (BTRCF) has a strong position in the US market, with strategic acquisitions and partnerships enhancing its presence.
The company has initiated a cost reduction program to streamline operations and improve profitability, targeting a EUR50 million reduction in operational costs.
Despite market challenges, Better Collective AS (BTRCF) remains confident in its long-term growth potential, particularly in the US and Brazilian markets.

Negative

Better Collective AS (BTRCF) has downgraded its financial targets for the first time since its IPO in 2018 due to changing market dynamics in the US and Brazil.
The company has experienced a decline in organic growth, with a 6% decrease reported in Q3 2024.
There is a significant slowdown in the Brazilian market due to anticipated regulatory changes, impacting revenue share income and new customer acquisition.
The US market has seen lower-than-expected activity, particularly affecting CPA revenue, leading to a reassessment of expectations.
Better Collective AS (BTRCF) has had to lay off more than 300 employees, representing over 15% of its workforce, as part of its cost reduction efforts.

Operator

Good day, and thank you for standing by. Welcome to the Better Collective Q3 2024 presentation. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Mikkel Munch. Please go ahead.

Mikkel Munch;Jacobsgaard;S;Senior Director of Group Strategy

Better Collective A;IR, and Corporate Communication

/- -

Thank you, and hello, everyone. My name is Mikkel Munch-Jacobsgaard, and I'm the Vice President of Investor Relations, Group Strategy and Corporate Communications here at Better Collective. Thank you for joining us today for our Q3 webcast that this time is hosted from our office in New York. I'm joined by our Co-Founder and CEO, Jesper Sogaard; and CFO, Flemming Pedersen, who will provide today's business update in connection with our Q3 report that was disclosed yesterday. Please follow me to the next slide.

We ask you to pay attention to this slide where we display our disclaimer regarding

Already have an account? Log in

Get the full story

Subscribe Now

	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...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.