Q4 2024 Better Collective A/S Earnings Call Transcript
Key Points
- Better Collective AS (BTRCF) reported a 14% growth in 2024, driven by mergers and acquisitions and solid growth in Europe, Canada, and Esports.
- The company achieved a 28% growth in recurring revenue in Q4 and 21% growth for the full year of 2024, indicating strong financial performance.
- Better Collective AS (BTRCF) successfully implemented a cost efficiency program, resulting in a 14% growth in EBITDA for Q4.
- The company strategically positioned itself in the Brazilian market by acquiring Playmaker Capital, becoming the largest digital sports media group in the region.
- Better Collective AS (BTRCF) is focusing on organic growth, safeguarding cash flow, and maintaining financial agility to capitalize on future opportunities.
- The company faced challenges due to the Google policy update and a slowdown in Brazil, impacting financial performance.
- New online gaming regulations in Brazil, effective January 1, 2025, are expected to impact revenue due to new taxes and player churn.
- The US market showed flat growth, affecting the group's overall organic growth.
- Better Collective AS (BTRCF) anticipates a challenging year in 2025 with an expected EBITDA impact of EUR35 million to EUR50 million due to Brazilian market changes.
- The company had to let go of over 300 employees, representing 15% of its workforce, as part of its cost efficiency program.
Good Morning, everyone. My name is Mikkel Munch-Jacobsgaard and thank you for joining us today for our Q4 webcast. 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 Q4 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 any forward-looking statements in today's webcast. Please turn to the next slide. Here you see today's agenda.
Jesper will start by providing a business update including some of the highlights of Q4 and the full year 2024, whereas, Flemming will take you through some of the financials before handing the word back to Jesper for key takeaways. As usual, we will end the call with a Q&A session.
Let's get going. Please turn to the next page as I hand over the word to you Jasper.
| 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
