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Better Collective
Better Collective (BETCO) investor relations material
Better Collective Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Achieved full-year guidance and record Q4 EBITDA despite external headwinds such as Brazil regulation, FX movements, and sports win margin volatility.
Strategic transformation included a €50m efficiency program, resulting in a leaner, more scalable platform.
Accelerated innovation with the launch of Playbook (AI betting solution) and FanReach (audience segmentation platform), expanding international reach and engagement.
Positioned for renewed growth in 2026, supported by a strong sports calendar, World Cup tailwinds, and prediction markets.
Financial highlights
Q4 2025 revenue: €94 million, -2% year-over-year, +2% in constant currencies, impacted by sports win margin.
Record Q4 EBITDA before special items: €37 million, 39% margin, +10% year-over-year, driven by cost discipline.
Full-year 2025 revenue: €337 million, -9% year-over-year; EBITDA before special items: €102 million, -10%.
Value of deposits in Q4: €820 million, +6% year-over-year, +13% quarter-over-quarter, reaching an all-time high.
Revenue CAGR since 2018: 35%; EBITDA CAGR: 30%.
Outlook and guidance
2026 organic revenue growth expected at 7%-12%; EBITDA before special items guided at €110-120 million (+8%-18%).
Medium-term (2027-2028) EBITDA margin target: 35%-40%, supported by scalability and recurring revenue.
Annual share buyback of €40 million planned for 2026.
Net debt to EBITDA to remain below 3x, with a new €319 million three-year committed bank facility.
Detail AI's risk to future publishing NDCs
M&A facility vs. share buyback priority
North America pure revenue share quality drivers
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Latest events from Better Collective
- Q2 revenue up 27% to €99m, with upgraded 2024 guidance and strong recurring growth.BETCO
Q2 202423 Jan 2026 - Q3 revenue up 8%, guidance cut, and cost reductions launched amid US and Brazil headwinds.BETCOQ3 202414 Jan 2026
- 2024 growth strong despite Brazil headwinds; 2025 dip expected, recovery from 2026.BETCOQ4 202423 Dec 2025
- Revenue and EBITDA declined, but cost savings and buybacks support stable 2025 outlook.BETCOQ1 202526 Nov 2025
- Q2 2025 revenue was €82m, EBITDA €23m, with cost savings and stable guidance despite headwinds.BETCOQ2 202523 Nov 2025
- Revenue down 4% to €78m; North America revenue share doubled; Playbook AI launched.BETCOQ3 202513 Nov 2025
Next Better Collective earnings date
Q1 202621 May, 2026
Better Collective
Next Better Collective earnings date
Q1 202621 May, 2026
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@theshortbearx.com
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