Super Group expects to hit record quarterly revenues for Q4 2024

Super Group has released financial expectations for the company’s performance during Q4 2024, stating that it is on track to report its strongest ever ex-US quarter with estimations of $598.4m in revenue and an adjusted EBITDA of $153.9-$160.1m. 

During Q4 2024, Super Group projects to have set a number of new monthly ex-US records, with December being “particularly impressive” and achieving new highs for deposits and total revenue.

New ex-US records were also expected to have been achieved during full-year (FY) 2024, as the company projects to report $2.04bn in yearly revenue and between $476.5-$482.6m in adjusted EBITDA. The figures would represent increases of 18% and over 50%, respectively, from the total revenue and adjusted EBITDA Super Group had originally estimated to generate at the beginning of 2024. 

“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. I would like to thank the global Super Group team for an excellent 2024, and I look forward to an even better 2025,” Super Group CEO Neal Menashe said.

Good to know: Super Group completed an extensive internal review in July 2024 that led the company to conclude its US operations for Betway shortly after 

Super Group is the parent company of its sports betting platform Betway, as well as its multi-branded online casino Spin. 

As far as Super Group’s developing US business, the company stated it also anticipates reporting new revenue records for Q4 2024, as each of October, November and December represented all-time highs for total monthly revenue. 

The expected Q4 2024 investment into the US business is $13.5m, which would bring the total investment for the year up to $75.1m. Super Group stated that due to the “reduced footprint and sole focus on iGaming in the US,” the investment is expected to reduce materially during 2025.

Kirk Geller

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