Better Collective AS (FRA:9C8)

Q3 2025 Better Collective A/S Earnings Call Transcript

Nov 13, 2025 / 09:00 AM GMT

Release Date Price: €9.47 (-0.99%)

Transcript

Key Points

Positve

Better Collective AS (BTRCF) reported a strong underlying growth in Q3 2025, despite external challenges such as a low sports win margin.
The company saw a significant increase in North American revenue share, which more than doubled compared to the previous year.
The launch of Playbook, an AI-powered betting solution, marks a significant milestone, showing rapid adoption and generating millions of bets shortly after its launch.
Cost efficiency programs have been successful, with group costs trending down by 18% compared to their peak in mid-2024.
Better Collective AS (BTRCF) maintained its financial guidance for the year and continued its share buyback program, reflecting confidence in its financial stability.

Negative

The sports win margin reached a record low in Q3, negatively impacting revenue by EUR 10 million.
The ongoing regulatory transition in Brazil continues to affect performance, contributing to a EUR 4 million negative impact.
There was a 4% decline in group revenue to EUR 78 million, attributed to unfavorable sports win margins and regulatory challenges.
Recurring revenue declined by around 5% year over year, primarily due to lower revenue share and regulatory issues in Brazil.
The company faced an FX headwind of EUR 2 million, adding to the financial challenges in the quarter.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BETCO.CO - Better Collective A/S
Q3 2025 Better Collective A/S Earnings Call
Nov 13, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to Better Collective Q3 2025 presentation. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. If you wish to ask a question via the webcast, please use the Q&A box available on the webcast link any time during the webcast. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Better Collective VP Investor relations and communications, Mika Monk Jacobsgaard. Please go ahead.

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