Better Collective: Better Collective AS (BTRCF) Q4 2024 Earnings Call Highlights: Strong Revenue Growth Amidst ...

In This Article: Release Date: February 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript . Positive Points Negative Points Q & A Highlights Q : Can you provide more details on the free cash flow guidance and expected CapEx for 2025? A : Flemming Pedersen, CFO, explained that the free cash flow guidance includes interest and tax payments, as well as payments to partnerships. It excludes debt payments and earnouts. The expected CapEx will primarily involve new media partnerships and payments to existing ones. Q : What are your expectations for organic growth in 2026 and beyond? A : Jesper Soegaard, CEO, stated that the main focus for 2025 is the rebasing of the Brazilian business. They expect to return to organic growth in 2026, driven by their strong market position in Brazil and other strategic initiatives. Q : Can you clarify the expected impact of the Brazilian market changes on your 2025 guidance? A : Jesper Soegaard noted that the Brazilian market's new regulations will lead to a significant churn of existing players, impacting revenue. However, the remaining players are expected to have higher lifetime values, and the market is anticipated to stabilize and grow from 2026 onwards. Q : How do you plan to approach capital allocation, given the current market conditions? A : Jesper Soegaard mentioned that Better Collective will prioritize organic growth, debt reduction, and share buybacks over M&A in the near term. They aim to enhance financial flexibility and drive long-term shareholder value. Q : What is your strategy for the US casino market, and how does it fit into your overall business model? A : Jesper Soegaard explained that Better Collective is actively engaging with the US casino market through revenue share agreements and content creation. While sports betting remains the primary focus, the casino segment is seen as a complementary product with significant growth potential. For the complete transcript of the earnings call, please refer to the full earnings call transcript . This article first appeared on GuruFocus .