Super Group issues business update ahead of 2025
After the company’s recent performance, its Board of Directors has declared a special cash dividend on Super Group’s ordinary shares, payable on January 8, 2025.
Key Points
- Super Group is raising its prior FY2024 total revenue guidance from €1.55bn to €1.6bn ($2.04bn)
- The company also raised its ex-US adjusted EBITDA guidance from $439.4m to at least $458.5m
Super Group has issued a business update with 2024 coming to a close, reiterating its strong performance through the first two months of Q4 2024 and raising its full-year (FY) total revenue guidance and ex-US adjusted EBITDA.
The company is raising its prior FY2024 total revenue guidance from €1.55bn to €1.6bn ($2.04bn) and its ex-US adjusted EBITDA guidance from greater than $439.4m to at least $458.5m.
“I’m very proud of our performance this year and delighted we are in a position to raise our full-year revenue and ex-US Adjusted EBITDA guidance again while announcing another dividend for 2024,” Super Group CEO Neal Menashe said.
“We have consistently said that we will consider returning excess cash to shareholders, and the outstanding performance of the business throughout 2024 alongside the continued strength of our balance sheet, has given us the platform to be able to do this.”
In light of the company’s performance, Super Group’s Board of Directors has declared a special cash dividend on its ordinary shares of $0.19 per share, payable on January 8, 2025.
The company renewed its intention to begin paying a regular quarterly dividend, subject to Board approval, in 2025.
Good to know: Super Group’s North American revenue during the second quarter of 2024 totaled $163.7m, with total company revenue rising by 9% year-over-year
In July 2024, Super Group, which acts as the parent company of online sports betting provider Betway, announced that it began to undertake an exit plan for its sportsbook product in the US.
The business, which also operates online casino Spin, completed an extensive internal review leading to its decision to exit.
Super Group also sold Digital Gaming Corporation’s B2B assets to Games Global, officially closing the deal on February 1.
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