Better Collective Second Quarter 2024 Earnings: EPS Misses Expectations

Better Collective (STO:BETCO) Second Quarter 2024 Results

Key Financial Results

• Revenue: €99.1m (up 27% from 2Q 2023).
• Net income: €10.3m (up 24% from 2Q 2023).
• Profit margin: 10% (in line with 2Q 2023).
• EPS: €0.16 (up from €0.15 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Better Collective EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Interactive Media and Services industry in Sweden.

Performance of the Swedish Interactive Media and Services industry.

The company's shares are down 7.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Better Collective has 3 warning signs (and 1 which can't be ignored) we think you should know about.

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