Super Group, owner of top brands Betway and Spin, has posted an update on its upcoming Q4 and 2024 Full Year results, promising the strongest-ever performance — ex-U.S. market.
The iGaming heavy-hitters anticipate total revenue of around €486 million for Q4 (£410.75m/US$506.26m), with adjusted EBITDA of between €125 million (£105.63m) and €130 million (£109.89m).
Super Group projects a record-breaking performance, having set new monthly records, ex-U.S., notably a particularly strong December, which saw new highs in deposits and total revenue.
Momentum
For Full Year 2024, the group expects to exceed its previous ex-U.S. revenue guidance of €1.6 billion (£1.35bn) and adjusted EBITDA target of over €360 million (£304.23m). Total revenue is anticipated to have grown by approximately 18 percent, reaching around €1.66 billion (£1.4bn), while adjusted EBITDA is expected to surge by more than half, to up to €392 million (£331.23m), a margin of around 23 percent.
Super Group’s U.S. business is also expected to have seen record-breaking results in the fourth quarter, with October marking an all-time high in total revenue, followed by even stronger performances in November and December. Investment in this sector for Q4 2024 is estimated at some €11 million (£9.29m), bringing total annual investment in America to approximately €61 million (£51.54m).
Proud
A more detailed financial update, including a full reconciliation of non-GAAP measures to the corresponding IFRS financial metrics, will be provided in February.
“I’m proud to have ended 2024 on a high, with new records expected for both Total Revenue and Adjusted EBITDA,” affirmed Super Group CEO Neal Menashe.
“Momentum has continued into the start of 2025, setting a solid foundation for the year ahead. I would like to thank the global Super Group team for [their] excellent [work].”
