СПОРТНО ЗАЛОЖЕНИЕ
Super Group expecting to report best US quarter ever for Betway
By Фил - 27 януари 2025 г.
Super Group, the parent company of Betway, a leading online sports betting and gaming business and Spin, the multi-brand online casino, has provided an update on its preliminary, unaudited fourth quarter and full-year 2024 performance with Q4 2024 expected to be its strongest ever ex-US quarter.
It has generated revenue in the region of €486m and Adjusted EBITDA, a non-GAAP financial measure, of between €125m and €130m. During the quarter the Group projects to have set a number of new monthly ex-US records, with December being particularly impressive, achieving new highs for deposits and Total Revenue.
For the full-year, the Group expects to have surpassed its previously issued ex-US guidance targets of Total Revenue of €1.6bn and Adjusted EBITDA of greater than €360m.
New ex-US records were also expected to have been achieved in 2024 for both Total Revenue and Adjusted EBITDA, with Total Revenue growing by around 18 per cent to €1.66bn and Adjusted EBITDA growing by more than 50 per cent, anticipated to be between €387m and €392m, a margin of greater than 23 per cent.
The developing US business is also anticipated to have delivered new records in the fourth quarter – October was an all-time high for Total Revenue, which was subsequently surpassed in both November and December. The expected Q4 2024 investment into the US business is around €11m, which would bring the total investment for the year to €61m. Given the reduced footprint and sole focus on iGaming in the US, this investment is expected to reduce materially in 2025.
Chief Executive Officer Neal Menashe commented: “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.”
A more detailed update, including a full reconciliation of any non-GAAP measure to the most comparable IFRS financial measure (corresponding GAAP metric) will be provided when the Group reports its fourth quarter and full-year 2024 earnings in February.