Q2 2025 Better Collective A/S Earnings Call Transcript

Aug 21, 2025 / 08:00AM GMT

Release Date Price: €12.48 (+4.70%)

Transcript

Key Points

Positve

Revenue reached EUR82 million with operational earnings of EUR23 million, aligning with expectations.
Completion of a EUR50 million cost efficiency program, resulting in a leaner organizational structure.
Establishment of eSports as a standalone business segment, highlighting its growth potential and profitability.
Introduction of a new KPI, 'Value of Deposit', to better reflect the quality of revenue and earnings.
Initiation of a new share buyback program of up to EUR20 million, indicating confidence in future growth.

Negative

Revenue was flat compared to Q1 and down 18% year over year, reflecting challenging market conditions.
The Brazilian market transition resulted in a net negative impact of EUR8 million on revenue.
Lower activity levels in North America, with the North Carolina launch last year creating a EUR6 million headwind.
The absence of welcome bonuses in Brazil limits NDC volumes, benefiting non-licensed sportsbooks.
Weaker US dollar negatively impacted revenue by EUR2 million.

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

Better Collective A;Investor Relations and Corporate Communication

/- -

Good morning and welcome to Better Collective's Q2 2025 webcast. As just said, my name is Mikkel Munch-jacobsgaard, Vice President of Investor Relations and corporate communications here at Better Collective, and I'm today joined by our Co-founder and Co-CEO, Jesper Soegaard; and CFO, Flemming Pedersen, who will provide today's business update in connection with our Q2 report that was disclosed yesterday. Please follow me to the next page. 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 as I hand over the word to Jesper for the second quarter highlights.

Jesper Soegaard;S;Chief Executive Officer

Better Collective A;Co-Founder, Member of the Executive Board

/- -

Thank you, Megan. Good morning all, and thank

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