Super Group Posts Record Q4 Revenue, Plans U.S. Shift
The Essentials at a Glance
Super Group, a global leader in the online gambling industry, has announced record figures for the fourth quarter of 2024. With a projected revenue of $598.4 million USD and an adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) between $153.9 and $160.1 million USD, the company is aiming for its best quarterly performance to date. In particular, Super Group expects new highs in deposits and total revenue in December 2024.
Strong Growth and Annual Projections
For the full year 2024, Super Group anticipates revenue of $2.04 billion USD and an adjusted EBITDA between $476.5 and $482.6 million USD. These figures represent an 18% revenue growth and an increase of over 50% in adjusted EBITDA compared to the original forecasts at the beginning of the year.
Neal Menashe, CEO of Super Group, expressed his satisfaction: “I am proud to close 2024 with new records in revenue and EBITDA. This momentum has already carried into the start of 2025 and provides a solid foundation for the upcoming year.” He also praised the company’s global workforce for their outstanding performance.
Successful Expansion in the U.S.
Although Super Group has traditionally been strong outside the U.S., the company has also achieved new milestones in the United States. In each month of the fourth quarter of 2024 – October, November, and December – the company set records for monthly total revenue. To further drive growth in the U.S., Super Group invested $13.5 million USD in the fourth quarter, bringing total investments for the year to $75.1 million USD.
However, for 2025, the company plans to reduce its investments in the U.S. and focus on a more targeted iGaming strategy. This move aims to strengthen long-term profitability in the region.
Our Assessment
The impressive figures from Super Group highlight the company’s strong market position and its ability to grow both internationally and in the U.S. The strategic realignment in the United States demonstrates that Super Group is not only focused on expansion but also on sustainable profitability. With a solid foundation for 2025, it remains to be seen how the company will perform in an increasingly competitive market.
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