Super Group has released its third quarter financial results for the period ending September 30, 2022.
Overall revenue decreased by 2% in the third quarter, totaling $316.2m. Profit after taxes reached $35.9m during Q3.
Super Group’s EBITDA totaled $62.5m. Its adjusted EBITDA fell by 26% year-over-year during the third quarter, yielding a total of $57.5m.
Super Group CEO Neal Menashe commented: “Super Group’s online-only business model and ongoing focus on improved customer experience through enhanced global technology platforms continues to ensure optimal customer engagement and value.
“Together with effective investment in our brands and efficient allocation of our capital, this provides us with a sound path for long-term growth.”
Super Group CFO Alinda van Wyk echoed Menashe’s comments by saying: “Super Group remains financially strong, and we continue to optimize our global footprint and operate more efficiently to leverage our scale.
“We remain focused on investing into technology and marketing, as well as other opportunities that will provide us with long-term growth and profitability.”
Super Group is the parent company of Betway, a sports betting and gaming business, and of Spin, a multi-brand online casino. It is licensed in 25 jurisdictions and is represented in markets throughout Europe, the Americas and Africa. The company also works to provide a safe gambling environment to its clientele.
The company recently published a business update for the fiscal year. Super Group said in the report that it anticipates closing a previously announced deal to acquire Digital Gaming Corporation is in January 2023.
Once concluded, Super Group will have access to both online sports betting and gaming markets throughout the US.
