Better Collective Q1 revenue was 83 mEUR, in line with expectations, recurring revenue was 49 mEUR.

Revenue declined by 13% to 83 mEUR, with organic growth down 18%. The performance was in line with expectations. This was driven by five main factors: The Brazilian business delivered 10 mEUR in revenue during Q1. The regulatory developments in the Brazilian market impacted revenue and EBITDA with 7 mEUR.

Jesper Søgaard, Co-founder & Co-CEO, comments: “Overall, our Q1 results landed in line with our expectations. As we are now building the “New BC”, we are setting the stage for future growth by focusing on global scalability and streamlining our House of Brands.

This marks the beginning of an exciting new chapter for Better Collective. Thanks to all my colleagues for your continued support as we continue navigating market changes.”