Super Group has published its financial results for the second quarter. During the period, the company reported the highest quarterly Non-GAAP ex-US adjusted EBITDA to date, which totaled nearly $107m.
Company CFO Alinda van Wyk commented, "We achieved new quarterly records for the ex-US business for both total revenue and adjusted EBITDA. The continued focus of growth in key markets, along with the significant progress made on realizing cost efficiencies, contributed to a strong second quarter ex-US EBITDA margin of 24%.
Total company revenue for the quarter rose by 9% to reach nearly $452m. North American revenue during the second quarter totaled $163.7m, while the South American and LatAm regions generated another $8.7m.
Adjusted EBITDA ex-US reached close to $89m during the second quarter.
Super Group CEO Neal Menashe took a moment to discuss the quarter’s results and the company’s achievements during the past few months.
He commented, "The second quarter of 2024 was our strongest quarter ever and demonstrates the exceptional progress we continue to make as a business. I'm glad we have reached a conclusion in shutting the US sports betting market and we continue more generally to optimize our global footprint both in terms of geography and product.
“I'm really excited to welcome English Premier League champions, Manchester City, and South Africa’s Premier Soccer League, now known as the Betway Premiership, to our brand sponsorship portfolio. Our outlook for the remainder of the year is strong, and we look forward to making 2024 a super year for Super Group."
