Super Group (SGHC) reports revenue growth in Q3 while acknowledging reduced margins due to customer-friendly sports betting outcomes. The company maintains confidence in its operating model but revises its full-year outlook downward. Executives emphasize long-term strategy despite short-term challenges in profitability.
Super Group reports an **18% revenue increase in 2024**, driven by its withdrawal from the US betting market. The company’s adjusted EBITDA rises to **€330.3 million**, up from €198.2 million in 2023. Excluding the US, adjusted EBITDA reaches **€391.1 million**, reflecting stronger profitability in remaining markets.
Super Group reports **€1.7 billion** in revenue for fiscal year 2024. The company, which owns Betway, discloses its Q4 and full-year financial performance in the latest earnings update.
Super Group is shutting down its online sportsbook operations across nine US states. The company, listed on the New York Stock Exchange, has initiated the process to exit the US sports betting market entirely. This move follows its existing operations in the region.