Betting and affiliate company Better Collective reported increased revenue and improved profitability in the first quarter, while simultaneously reiterating its guidance for the full year 2026.

Revenue rose to 86.3 million euros (82.6), corresponding to organic growth of 5 percent and 9 percent in local currencies.

Recurring revenue increased by 2 percent to 50.1 million euros, driven by continued strong performance in revenue share in North America, where revenue rose 46 percent to 6 million euros.

The company stated that currency headwinds, primarily from the dollar, negatively impacted revenue by 4 million euros during the quarter. Sports win margins and regulatory changes in Brazil also had a negative impact.

EBITDA before special items increased to 25.1 million euros (22.0), while the margin strengthened to 29 percent (27). Net profit was 7.3 million euros (3.6).

Better Collective CEO Jesper Søgaard stated that development within prediction markets is progressing better than expected and that the company sees continued strong potential in Playbook and talent-driven sports media.

Better Collective is reiterating its full-year guidance for 2026. The company expects organic revenue growth of 7-12 percent and growth in EBITDA before special items of 8-18 percent. Annual share buybacks of 40 million euros also remain in the forecast.

Key figures, MEURQ1 2026Q1 2025Change
Revenue86.382.65%
EBITDA25.122.014%
EBITDA margin29%27%
EBITA23.420.017%
EBITA margin27%24%
Operating profit, adjusted14.811.529%
Operating margin, adjusted17%14%
Net profit7.33.6101%
Earnings per share, EUR0.120.06100%