CEO Menashe thanked the entire Super Group team for driving further success in 2024. He added that he hopes the 2025 results will be even better
Online gaming and sports betting company Super Group has published its outstanding preliminary, unaudited financials for Q4 and FY 2024. In its report, the company outlined record-breaking revenue and EBITDA figures.
Q4 Was a Strong Period for the Business
Super Group, which operates the famous gaming brands Betway and Spin, was thrilled to announce that it expects its Q4 2024 to be its strongest quarter following its exit from the US betting market. The preliminary results showed a total revenue of EUR 486 million ($505.6 million), as well as an adjusted EBITDA of between EUR 125-130 million ($130-135.2 million).
The company believes that Q4 will set a number of other records thanks to December’s particularly impressive results and stellar deposits.
In the meantime, Super Group’s full-year results have surpassed its previous ex-US guidance targets. The company, which targeted FY 2024 revenue of EUR 1.60 billion and adjusted EBITDA of over EUR 360 million, has now estimated that these figures would be closer to EUR 1.66 billion ($1.73 billion) and adjusted EBITDA of EUR 387-392 million ($402.6-407.8 million). The EBITDA figures would mark a 23%+ margin.
Super Group, which announced its exit from the US sports betting market half a year ago, announced that its remaining US online gaming business was also expected to post all-time high Q4 revenue. However, the company expects its US figures to decrease in the future because of its decreased focus on the American market.
Super Group’s Shares Surge
The company’s report sent its stock soaring. The Super Group shares, which have been on the rise since mid-January, continued to grow and are standing at $6.73 per share as of the time of this writing.
The leadership was pleased with the performance, with chief executive officer Neal Menashe commenting:
I’m proud to have ended 2024 on a high, with new records expected for both Total Revenue and Adjusted EBITDA. This momentum has continued into the start of 2025, setting a solid foundation for the year ahead.
Neal Menashe, CEO, Super Group
CEO Menashe thanked the entire Super Group team for driving further success in 2024. He added that he hopes the 2025 results will be even better.
The group added that a more detailed financial update is on the way. The company clarified that its definitive Q4 and FY 2024 earnings report is set to be published in February.
Super Group’s Focus on Africa, Europe and Canada Is Paying off
In November, Super Group published its Q3 report, likewise outlining favorable figures. A key point of that report was recorded growth in key markets such as Africa, Europe and Canada.
Back then, CEO Menashe praised the phenomenal results and added that there was still tremendous potential for further growth in many regions, especially Africa. The Q3 report clarified that the latter was Super Group’s largest region for the second quarter in a row.
