Added to YB: 2026-03-03
Pitch date: 2026-02-28
BETCO.ST [neutral]
Better Collective A/S
+3.95%
current return
Author Info
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Company Info
Better Collective A/S, together with its subsidiaries, operates as a digital sports media company in Europe, North America, and internationally.
Market Cap
SEK 700.6M
Pitch Price
SEK 126.60
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.86
P/E
31.76
EV/Sales
2.99
Sector
Hotels, Restaurants and Leisure
Category
turnaround
Better Collective (BETCO) Q4-2025 Earnings Review
BETCO.ST (earnings): Q4 rev €94.3M (cons. €94.3M), FY25 €336.7M (-9.4% YoY). Q4 adj EBITDA €36.9M (39.1% margin, ATH) beat €35.8M est; FY25 €102.1M. RevShare -15.3% (FY: -12.6%), NDCs -25% YoY signal AI search risk. Unlevered FCF €30.8M (9.1% margin). 2026 guide: 7-12% org growth, 30-33% EBITDA margin. €40M buyback w/ ~20% float short = squeeze potential. Risks: structural RevShare decline, AI displacement.
Read full article (3 min)