Better Collective has reported first quarter 2026 revenue of €86m, representing year-on-year growth of 5%, or 9% at constant currency, as the iGaming and sports media group maintained its full-year guidance.
The company said EBITDA before special items increased 14% to €25m, with margin improving to 29% during the quarter. Revenue share income from the North American market rose 46%, while recurring revenue increased 2% to €50m.
Better Collective stated that growth in its iGaming operations was supported by performance across Paid Media, Talent-led Media and North American revenue share agreements. The group also reported that sponsorship revenue increased 21%, driven by brands including Playmaker HQ and HLTV.
The company expanded its Playbook partnership with X during the quarter, with the AI-powered betting product becoming the platform’s exclusive global betting product under an updated agreement. Better Collective said the expanded partnership followed earlier traction in the North American market and includes additional product features integrated into X’s platform.
Within its iGaming-focused operations, Better Collective reported that revenue share accounted for 47% of total group revenue in Q1, while CPA revenue contributed 25%. Group revenue reached €86.3m compared with €82.6m in Q1 2025.
The company also noted continued regulatory pressure in Brazil, citing the impact of changes including restrictions on welcome bonuses. Better Collective said broader regulatory developments in the market negatively impacted quarterly performance by around €1m.
Looking ahead, Better Collective reaffirmed its 2026 outlook, including organic revenue growth guidance of 7% to 12% and EBITDA before special items growth of 8% to 18%. The group said the upcoming FIFA World Cup 2026 is expected to support user acquisition and activity levels across several core iGaming markets.
Jesper Søgaard, Co-founder & Co-CEO of Better Collective, comments: “We started 2026 with a return to organic growth of 5% or 9% in constant currencies, reaching 86 mEUR in revenue, driven by strong momentum in Paid Media, Talent-led Media and North American revenue share. Furthermore, EBITDA bsi. grew faster at 14% to 25 mEUR.
A major highlight was expanding our strategic partnership with X becoming an Official Partner and taking our AI betting solution, Playbook™, global. With our full-year guidance unchanged and our teams making the final preparations for the FIFA World Cup 2026, we are excited for what’s ahead.”
