Better Collective Plans $11.7M Share Repurchase Amid Q2 EBITDA Slip
Better Collective has announced plans to repurchase up to $11.7 million of its shares before August 26, 2025. However, details about the plan, including the announcement date and responsible party, remain unclear.
The company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) slipped by 21% to $26.8 million in Q2 2025. This decline can be partly attributed to challenges in the Brazil market, where revenue share dropped by another $9.3 million year-over-year due to new regulatory hurdles.
North American revenue also dipped in July 2025, falling around $9.3 million year-over-year. This was due to reduced marketing spend and debut costs in North Carolina. The company described the first half of 2025 as a 'transition period' due to structural shifts in key markets and a softer run in North America. Consequently, Better Collective's Q2 2025 revenue fell by 18% year-over-year to $95.6 million.
Better Collective's share repurchase plan is set to conclude before August 26, 2025. Despite recent challenges, the company remains committed to its growth strategy. The impact of these changes on future financial performance will be closely monitored.
