Super Group reported second-quarter 2024 revenue of €414.7m, up 9% year on year, and adjusted EBITDA of €81.9m, up 8%. The company said ex-US adjusted EBITDA reached a quarterly high of €98.3m and that it had raised its full-year ex-US guidance; it also reported a €16.4m US adjusted EBITDA loss.
Investors can compare Super Group’s raised ex-US guidance and stronger results with its US adjusted EBITDA loss.
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It was reported that Super Group increased its full-year guidance after publishing unaudited second-quarter results. Revenue and adjusted EBITDA each recorded double-digit growth.
Super Group said its 2025 revenue is expected to reach $2.17bn-$2.27bn, with adjusted EBITDA of $555m-$565m. The board approved a special cash dividend of $0.25 per ordinary share, payable on 9 February to shareholders on record on 2 February.
Super Group raised its full-year 2025 ex-US revenue and adjusted EBITDA guidance, the company said. Revenue is now forecast at $2.13bn-$2.20bn, up from more than $2.04bn, while adjusted EBITDA is forecast at $550m-$560m, compared with $470m-$480m previously.
Super Group reported first-quarter revenue of $517 million, up 25% year on year, with Africa and the Middle East becoming its largest revenue region. The region generated $203 million, while the company said total net profit rose 105.4% to $76 million and reaffirmed full-year revenue guidance of $2.01 billion.
Super Group expects Q4 2024 to be its strongest ex-US quarter, with revenue of about €486m and adjusted EBITDA of €125m to €130m, the company said. It also forecasts 2024 revenue of €1.66bn and adjusted EBITDA of €387m to €392m, above its previous ex-US guidance. The operator expects its US investment to fall materially in 2025 after investing about €11m there in Q4.