Super Group posts $365.2m in Q1 2023 revenue

May 24, 2023
Leer en Español

Company executives said the quarter reflects a good start to the year.

Super Group has published its first quarter 2023 financial and business results. The operator reported a gain in overall revenue year-over-year.

During Q1, company revenue reached $365.2m, a 1% increase when compared to the results from the previous year’s first quarter.

Super Group’s operational EBITDA totaled $37.4m in Q1.

Group CEO Neal Menashe described the quarter’s results as “solid” and discussed the remaining year’s trajectory.

He said, “Super Group has delivered another solid quarter and we remain focused on growing revenue and profits. During the month of March, net gaming revenue was a record high, along with the operational EBITDA margin of over 20% and this is a strong reminder of the value of operating leverage in our business.

“We are confident that we will continue to build on another strong quarter across iGaming and sports betting across the world.”

Company CFO Alinda van Wyk commented, “Our results for the quarter demonstrate the benefits of our continued investment in growth. Our balance sheet remains robust and gives us a very strong foundation to continue to scale our business.

“We are always optimizing our costs efficiencies, further enhancing future profitability.”

Super Group also reported its business results for Q1. During the first quarter, the company closed a deal for its previously announced acquisition of online sports betting and iGaming company Digital Gaming Corporation Limited (DGC). Through the completed agreement, Super Group gained access to both online sports betting and gaming markets throughout the US.

DGC operates in eight states throughout the US and has market access in 12 states. Under the terms of the purchase agreement, Super Group can expand its digital footprint across the US.


Product Spotlight


Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

The top 5 properties that changed Las Vegas

Regular Gaming America contributor Oliver Lovat joins Tim Poole on the Huddle to discuss his 5 properties that changed Las Vegas - giving every resorts an influence rating out of 10. The question is: do you agree?


Peter Schoenke - Sports betting is here... but fantasy sports keeps growing

Peter Schoenke joins Tim Poole on the Huddle to discuss all things fantasy sports. His brand, RotoWire, is at the intersection of the affiliate and fantasy worlds, generating revenue from subscriptions, providing APIs to operators and via affiliate marketing. We discuss:

Within the states of Florida and California, Tribal gaming finds itself in a fascinating position. In Florida, only the Seminole Tribe, and Hard Rock, can provide mobile sports betting, with continued legal challenges f...

Viewpoints: Discussing the use of player loyalty programs
Industry experts answer Gaming America's burning questions on all things related to Tribal operators and player loyalty programs, including Rymax, CasinoTrac, OIGA, Mohegan and Choctaw Nation of Oklahoma.
Sports betting regulation in Brazil: What can we expect?
Mattos Filho's Fabio Kujawski speaks to Gaming America about the uncertainty surrounding Brazil's roadmap to regulation and the need for a singular gaming authority.
Going private: Gaming's new standard?
A state of neo-IPO: Gaming America investigates, as more and more companies come off the public market.
Soloviev Group CEO: Moving to New York
The Soloviev Group, in collaboration with Mohegan, continues to wait on the NYGC for approval on its Freedom Plaza project. Gaming America spoke with Soloviev Group CEO Michael Hershman to learn more.