Super Group posts $1.38bn in revenue for 2022

March 14, 2023
Leer en Español

Executives believe the company is off to a good start for 2023.

Super Group has released its fourth quarter and year-end 2022 financial results for the period ending December 31, 2022.

For Q4, company revenue reached $352.8m, a near-$40m boost when compared to results from the third quarter. Profit before taxes climbed to $41.1m during Q4.

Super Group’s EBITDA totaled $62.1m for the fourth quarter.

Revenue for the entire year climbed to over a billion dollars. The company reported total revenue of $1.38bn for 2022. Its profit for the full year before taxes totaled nearly $251m.

Company EBITDA in 2022 reached $319.9m, while Super Group ended the year with an unrestricted cash total of almost $274m.

Super Group CEO Neal Menashe commented: “Super Group is a leading global pure-play sports betting and online casino company seeking to continually optimize and grow our global footprint, including in the US.

“We continue to efficiently invest in our brand, enhance our technology platform and benefit from our consistent cash generation. We feel we are well positioned to apply our well-tested strategies to the US markets and capitalize on what we see as a multi-year investment opportunity.”

Group CFO Alinda van Wyk said: “Super Group remains financially strong, and we continue to run our business profitably while investing in technology and marketing to support future growth.

“We remain focused on operating more efficiently in 2023 in order to improve scale and our operating margins going forward.”

Super Group is the parent company of Betway, a sports betting and gaming business, and of Spin, a multi-brand online casino.


Product Spotlight


CasinoTrac is reducing handpay downtime by nearly 90% with SlotSUITE's Self-Pay & W-2 G printing at the slot machine.

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Christian Smith - Slot machines a "beautiful intersection of psychology and mathematics"

Bluberi's Christian Smith speaks to Gaming America in an enlightening Huddle. Topics include: the 'Australification' of US gambling, the blending of psychology and mathematics, and the rising trend of three-pot fillers.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.