Slide 1: Q2 2026 Presentation
BETTER COLLECTIVE BETTER COLLECTIV.
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 Q2 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: Growth momentum continued in Q2, with EBITDA up 20% YoY
Growth momentum continued in Q2, with EBITDA up 20% YoY 2026 Q2 highlights Revenue 89 mEUR (+9% YoY, c.c.); EBITDA bsi. 27 mEUR (30% margin; +20% YoY) Cash flow bsi. of 30 mEUR, corresponding to a cash conversion of 111% FIFA World Cup and prediction markets initiatives paying off in line with expect
Slide 5: The FIFA World Cup delivered the expected boost across the business
The FIFA World Cup delivered the expected boost across the business Cross-functional Innovative tech Targeted commercial push readiness expansion scaled Sports Media, Paid 12+ month strategically launching Media and Playmaker HQ company-wide Playbook™ in Brazil activations to maximise preparation ah
Slide 6: NDCs grew 24% and Value of Deposits reached a record 836 mEUR
NDCs grew 24% and Value of Deposits reached a record 836 mEUR New Depositing Customers ('000) Value of Deposits (mEUR) +17% +24% 20 21 22 23 24 25 26 20 21 22 23 24 25 26 6
Slide 7: Playmaker HQ and HLTV continues to scale talent, engagement and advertising revenue
Playmaker HQ and HLTV continues to scale talent, engagement and advertising revenue Group sponsorship revenue (mEUR) +39% Premium talent expansion High-impact live events ‘24 ‘25 ‘26 HLTV reach record audience Growth mainly driven by Playmaker HQ and HLTV 7
Slide 8: AdVantage: Turning audience scale into higher-value monetization
AdVantage: Turning audience scale into higher-value monetization Revenue from advertising (mEUR) +18% Sponsorship CPM 8
Slide 9: Prediction markets were the main driver of 50% North American CPA growth
Prediction markets were the main driver of 50% North American CPA growth Immediate contribution Expanding opportunity Scalable execution Total North American CPA revenue Greater operator competition supports Multi-channel rollout across content, increased 50% to 5 mEUR stronger audience monetization
Slide 10: Strong growth more than offset regulatory headwinds
Strong growth more than offset regulatory headwinds Revenue development (YoY) 10
Slide 11: Revenue share growth lifted recurring revenue to 53 mEUR
Revenue share growth lifted recurring revenue to 53 mEUR Recurring revenue development (mEUR) Revenue share Other recurring revenue 11
Slide 12: EBITDA grew 20% to 27 mEUR as the margin expanded to 30%
EBITDA grew 20% to 27 mEUR as the margin expanded to 30% EBITDA development1 (YoY) 1. Before special items 12
Slide 13: Strong cash generation supports buybacks and continued financial flexibility
Strong cash generation supports buybacks and continued financial flexibility Financial flexibility and capital allocation priorities Cash flow from operations before special items increased 59% to 30 mEUR, corresponding to 111% cash conversion 8 mEUR of shares repurchased in Q2, bringing H1 buybacks to
Slide 14: Strong H1 performance supports the 2026 guidance
Strong H1 performance supports the 2026 guidance 2026 guidance and 2027-2028 targets H1 2026 performance FY 2026 guidance 2027-2028 targets Revenue 9% organic growth (c.c.) 7-12% organic growth Positive organic growth EBITDA1 14% growth (c.c.) 8-18% growth Margin of 35-40% Annual SBB 14 mEUR 40 mEUR
Slide 15: Q2 demonstrated the earnings power and broader momentum of our business
Q2 demonstrated the earnings power and broader momentum of our business 2026 Q2 highlights Momentum across a broader Building a simpler, Growth with operating leverage growth platform more scalable business 9% organic revenue growth, North America, talent-led Integrated technology, 20% EBITDA growth
Slide 16: Q&A
Q&A Contact: Mikkel Munch-Jacobsgaard VP Investor Relations & Group Communication investor@bettercollective.com www.bettercollective.com