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Redeye updates on Better Collective following preliminary Q3-results which were significantly weaker than expected. The company has also updated its financial guidance for 2024 which suggests continued soft performance in Q4, where the main negative impact seems to be driven by the US market. While the company also launches a cost savings program, the near-term growth outlook has weakened, and we lower our 2024-26E EBITDA by 19-20%.
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