Denmark's Better Collective Q2 core profit jumps amid North America expansion

Better Collective A/S

20/08/2026 16:46

Overview
Denmark digital sports media group's Q2 revenue rose 9% yr/yr
Q2 EBITDA before special items grew 20%, margin increased to 30%
North America expansion and FIFA World Cup boosted Q2 performance

Outlook
Better Collective maintains full-year guidance

Result Drivers
NORTH AMERICA GROWTH - Co said expansion in North America, driven by revenue share, talent-led media, and prediction markets, lifted regional EBITDA margin to 26% from 5% yr/yr
FIFA WORLD CUP IMPACT - Co said FIFA World Cup 2026 provided expected business tailwinds, with NDCs up 24% and deposit values at all-time high

Company press release: ID:nMFN17KY64

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
EUR 89 mln
 
Q2 Adjusted EBITDA
 
EUR 27 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy"
Wall Street's median 12-month price target for Better Collective A/S is SEK173.07, about 45.9% above its August 19 closing price of SEK118.60
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)