Better Collective has reported second quarter revenue of €89 million up 9%. EBITDA before special items was €27 million, growth of 20%, with EBITDA-margin increasing by 2 percentage points to 30%.

Cash flow from operations before special items increased by 59% to 30 mEUR corresponding to a cash conversion of 111%.

Broad-based growth led by North America, where revenue share, talent-led media, and prediction markets drove expansion, lifting the regional EBITDA margin to 26% in Q2 this year from 5% in Q2 last year. FIFA World Cup 2026 delivered the expected business tailwinds with NDCs growing 24% and value of deposits reaching an all-time high of deposits reaching an all-time high.

Jesper Søgaard, Co-founder & Co-CEO of Better Collective, comments: “Q2 was a strong quarter for Better Collective, with organic revenue growth of 9% translating into 20% growth in EBITDA before special items to 27 mEUR. We are particularly encouraged by the progress in North America, where growth was driven by revenue share income, talent-led media and prediction markets, while the EBITDA margin before special items improved significantly from 5% to 26%.

The FIFA World Cup provided the expected boost to the quarter. With full-year guidance maintained, we remain focused on profitable growth, continued operating leverage and building an increasingly scalable and efficient Better Collective.”