OM:BETCOHospitality
Better Collective (OM:BETCO) Stock Shrugs Off Profit Strength As Debt Risk Lingers
Better Collective stock came into this print on the back foot, down over the past week and month, yet the Q2 numbers tell a very different story. The headline is clear for a digital betting affiliate. Revenue reached €89.1m while EBITDA before special items landed at €27m with a 30% margin and cash conversion of 111%. The market is reacting to a stock that already carried a premium P/E and high debt, while the results themselves underline solid profitability and cash generation. The gap...