Super Group reports €414.7m second-quarter revenue after US sportsbook exit
Super Group reported second-quarter revenue of €414.7 million, up 9% year on year, despite withdrawing Betway’s sportsbook from the US in July. The company said the exit generated an adjusted EBITDA loss of €16.4 million; it plans to retain Spin’s igaming operations in New Jersey and Pennsylvania and may invest up to €40 million annually in the US.
Investors can weigh Super Group’s reported revenue against the US sportsbook exit loss and plans to retain state igaming operations.