Better Collective published its Better Collective Q1 2026 report with lower revenue and EBITDA after regulatory changes in Brazil and slower activity in the US market. The company also continued cost reduction measures during the quarter. Better Collective Q1 figures still showed growth in recurring revenue and esports activity.

• Better Collective reported Q1 2026 revenue of EUR 83m, down 13% year-on-year. EBITDA before special items fell 24% to EUR 22m. The company linked the decline mainly to Brazil and weaker US market activity.
• Revenue from Brazil dropped after the regulated market launched in January 2026. North American revenue also decreased 32% to EUR 23m. Better Collective said partner spending in the US remained lower during the quarter.
• Europe and Rest of World revenue increased 13% to EUR 49m. The company saw growth from regulated markets and esports activity. Recurring revenue also rose 8% and accounted for 63% of total revenue.
• Esports revenue reached EUR 19m in Q1, up 23% year-on-year. Better Collective said audience engagement and tournament activity supported the increase. Esports represented around 23% of group revenue.
• Better Collective continued cost reductions during the quarter. Staff numbers were lower year-on-year and the company reported EUR 5m in quarterly savings. CEO Jesper Søgaard said the group remains focused on “long-term growth opportunities and operational efficiency.”

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