Super Group reported first-quarter 2024 revenue of €379.3m, a 12% increase year on year. The company said growth in Africa and North America, particularly Canada, offset declines in the Middle East and Asia-Pacific; online casino revenue rose 20.2% to €292.2m.
The results show revenue growth concentrated in Africa, North America and online casino, alongside declines in other regions and segments.
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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.
Super Group reported revenue of €402.9m for the third quarter of 2024, up 13% year on year, and said Africa accounted for €151.2m, or 38%, of the total. The company recorded profit of €8.5m and adjusted EBITDA of €83.9m; it attributed a €11.5m adjusted EBITDA loss to its US operations and said it had decided to leave US sports betting.
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.