Better Collective A/s · OMXCOP:BETCO_DKK
Better Collective A/s — Q1 2026 Earnings Presentation
19 slides from Better Collective A/s's earnings presentation, May 21, 2026
Slide 1: Q1 2026 Presentation
2 BETTER COLLECTIVE BETTER COLLECTIVE.
Slide 2: Forward-looking statement
Forward-looking statement This presentation contains certain forward-looking statements and opinions. Forward-looking statements are statements that do not relate to historical facts and events and such statements and opinions pertaining to the future that, for example, contain wording such as “beli
Slide 3: Agenda
Agenda I Q1 highlights & business update II Financial performance III Concluding remarks Jesper Søgaard Flemming Pedersen Mikkel Munch-Jacobsgaard Co-Founder & Co-CEO EVP & CFO VP Investor Relations & Group Communication 3
Slide 4: Q1 highlights and business update
Q1 highlights and business update Jesper Søgaard Co-CEO & Co-Founder 4
Slide 5: Q1 delivered revenue and EBITDA growth in line with expectations
Q1 delivered revenue and EBITDA growth in line with expectations 2026 Q1 highlights Revenue 86 mEUR (+5% YoY; +9% in c.c.) EBITDA before special items 25 mEUR (29% margin; +14% YoY) External headwinds from FX, SWM, & Brazil during the quarter North America revenue share transition continue to develo
Slide 6: Expanding Playbook with X: scaling social-native betting globally
Expanding Playbook with X: scaling social-native betting globally ● Official Partner to X globally ● Direct Message integration enabling private betslips ● Advanced social listening, monitoring, and analytics ● Advantageous timing ahead of the 2026 FIFA World Cup ● Strengthens engagement, retention, a
Slide 7: Expanding into prediction markets to capture a fast-growing U.S. opportunity
Expanding into prediction markets to capture a fast-growing U.S. opportunity Prediction market key figures Rollout plan to capture the opportunity +100x Volume growth from early Dedicated content hubs Product integrations 2024 to December 2025 Editorial hubs across Direct links to event contracts Act
Slide 8: Diversification into Brand Partnerships showing strong commercial momentum
Diversification into Brand Partnerships showing strong commercial momentum Playmaker HQ continues to scale ahead ... while initiatives across the business of the World Cup ... support growth in Brand Partnerships 8
Slide 9: Getting ready for the FIFA World Cup 2026
Getting ready for the FIFA World Cup 2026 48 Teams Largest World Cup ever - also for commercial reach +100 High-intent traffic and reactivation Matches 39 Global reach where we can leverage our scale… Days of content 5bn People expected to be engaged globally … and bridge the gap between high-qualit
Slide 10: Financial performance
Financial performance Flemming Pedersen EVP & CFO 10
Slide 11: Growth in Q1 of 5% year-over-year; 9% in constant currencies
Growth in Q1 of 5% year-over-year; 9% in constant currencies Revenue development (YoY) 11
Slide 12: Revenue share continues to drive the majority of recurring revenue
Revenue share continues to drive the majority of recurring revenue Recurring revenue development (mEUR) Revenue share Other recurring revenue 12
Slide 13: Strong EBITDA development despite increased spend in Paid Media
Strong EBITDA development despite increased spend in Paid Media EBITDA development1 (YoY) 1. Before special items 13
Slide 14: Value of deposits continue to grow showing healthy revenue share database
Value of deposits continue to grow showing healthy revenue share database Quarterly # of NDC (‘000) and value of deposit development (mEUR) # of NDCs (‘000) Value of deposits (mEUR) +15% 20 21 22 23 24 25 26 20 21 22 23 24 25 26 14
Slide 15: Finance and capital allocation
Finance and capital allocation Financial flexibility and capital allocation priorities New share buyback program of up to 40 mEUR launched in March, while buying ~7 mEUR worth of share in Q1. Cancelling of 5.17% of shares issued at the start of the year Strong cash flow from operations during the quar
Slide 16: Financial guidance unchanged
Financial guidance unchanged 2026 and 2027-2028 guidance 2026 2027-2028 • Revenue: 7%-12% organic • Revenue: Positive organic growth growth • EBITDA1 margin: 35-40% • EBITDA1: 8%-18% growth • Continued strong cash conversion • Annual SBB of 40 mEUR • Net debt to EBITDA: <3x • Net debt to EBITDA: <3x
Slide 17: Concluding remarks
Concluding remarks Jesper Søgaard Co-CEO & Co-Founder 17
Slide 18: Return to growth
Return to growth Revenue of 86 mEUR, 9% growth in constant currencies, and EBITDA bsi. of 25 mEUR North American revenue share continued to develop favourably Value of Deposits grew 15%, confirming strong player value Strategic progress with X partnership and prediction market rollout 2026 supported
Slide 19: Q&A
Q&A Contact: Mikkel Munch-Jacobsgaard VP Investor Relations & Corporate Communication investor@bettercollective.com www.bettercollective.com