Better Collective reported first-quarter 2026 revenue of €86m and EBITDA before special items of €25m, a 29% margin. The company said full-year guidance remains unchanged, forecasting organic revenue growth of 7–12% and EBITDA growth of 8–18%; North American revenue share increased 46% year on year.
The results and unchanged guidance give investors updated performance and growth forecasts for Better Collective.
Quarter ended 30 June 2026
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Brazil’s government has sought the blocking of 5,209 domains linked to betting after President Luiz Inácio Lula da Silva’s ban on fixed-odds betting took effect. Anatel had ordered blocks on 2,387 addresses, while authorities also notified 186 betting apps for removal by 6 October and requested the removal of betting adverts from eight digital platforms.
Brazil’s Justice and Public Security Ministry and Finance Ministry requested the removal of 5,209 betting-related domains by 29 September, according to the report. Anatel ordered the blocking of 2,387 domains, while authorities also reported removal of 300 Facebook pages and 90 Instagram profiles; the action follows Provisional Measure 1.394/2026, which prohibits fixed-odds betting activity.
Better Collective’s shares fell 37.16% over five days following Brazil’s betting ban announcement. Flutter’s shares declined 11.52% over the same period. It was reported that Better Collective estimated a €15m impact for the rest of 2026 and suspended its 2027 guidance.
Better Collective's share price fell 37.16% over five days following the announcement of a provisional measure to ban online gambling in Brazil, according to share price data cited in a report on 29 September 2026. The report said the decline came five days after President Lula's announcement and ahead of the first round of the election on 4 October.
Brazil's government issued Provisional Measure 1.394/2026 on 25 September, provisionally prohibiting fixed-odds betting and online gambling, according to the report. Licensed companies have ten days to close operations, and the measure still requires parliamentary approval. Flutter said it had stopped operating in Brazil and estimated that a shutdown through the rest of 2026 would reduce revenue by about US$70m and adjusted EBITDA by about US$20m.
Allwyn said Betano was preparing legal action to protect its rights in Brazil, the brand’s largest market. Entain said it now expected to reach the lower end of its full-year 2026 guidance ranges, while Better Collective shares fell 25%.