After reading the report, I didn’t find any drama, and I don’t see why this company would be a good long-term short target. Revenue share is growing over time, as are the US and LatAm betting markets.
There were some bumps in the road this year, but they were addressed promptly. If the efficiency measures work, we’ll be back on a growth trajectory.
And as a side note: I read the Q2 report while waiting for tonight’s earnings. It was the best CEO’s review I’ve ever read 
Usually, they are just generic and cover everything at a high level. BetCO had a very detailed review that was also written from an investor’s perspective. You can tell the CEO has a large stake (17% of shares) in the company.
Let’s hope for a positive market reaction tomorrow. BetCO doesn’t seem like a company that lies. A -40% correction for a -22% cut in EBITDA was a big move. Of course, EPS was poor now (0.01 vs 0.06 in 2023), which might have an impact.
I also didn’t mention that the company carried out a share offering at the stock’s peak earlier this year. Because of that, their financial position is excellent.