Super Group Comments on Outstanding Preliminary, Unaudited, Fourth Quarter and Full-Year 2024 Performance
Super Group (NYSE: SGHC) has announced strong preliminary Q4 and full-year 2024 performance, expecting to exceed previous guidance. Q4 2024 is projected to be the company's strongest ex-US quarter with Total Revenue of ~€486 million and Adjusted EBITDA between €125-130 million.
For full-year 2024, the company anticipates surpassing its ex-US targets, with Total Revenue growing ~18% to ~€1.66 billion and Adjusted EBITDA increasing by over 50% to €387-392 million, achieving a margin exceeding 23%. December set new monthly records for deposits and Total Revenue.
The U.S. business showed consecutive monthly revenue records in Q4, with Q4 2024 investment of ~€11 million, bringing the total U.S. investment for 2024 to ~€61 million. The company expects reduced U.S. investment in 2025 due to a focused iGaming strategy.
Super Group (NYSE: SGHC) ha annunciato un forte risultato preliminare per il quarto trimestre e l'intero anno 2024, prevedendo di superare le indicazioni precedenti. Si prevede che il Q4 2024 sia il trimestre più forte dell'azienda al di fuori degli Stati Uniti, con un fatturato totale di circa €486 milioni e un EBITDA rettificato compreso tra €125 e €130 milioni.
Per l'intero anno 2024, l'azienda si aspetta di superare gli obiettivi al di fuori degli Stati Uniti, con un fatturato totale in crescita di circa il 18% fino a circa €1,66 miliardi e un EBITDA rettificato in aumento di oltre il 50% a €387-392 milioni, raggiungendo un margine superiore al 23%. Dicembre ha stabilito nuovi record mensili per i depositi e il fatturato totale.
Il settore statunitense ha mostrato record di fatturato mensili consecutivi nel Q4, con un investimento di circa €11 milioni nel Q4 2024, portando il totale degli investimenti negli Stati Uniti per il 2024 a circa €61 milioni. L'azienda prevede di ridurre gli investimenti negli Stati Uniti nel 2025 a causa di una strategia focalizzata sull'iGaming.
Super Group (NYSE: SGHC) ha anunciado un sólido rendimiento preliminar para el cuarto trimestre y el año completo 2024, esperando superar la guía anterior. Se proyecta que el Q4 2024 sea el trimestre más fuerte de la compañía fuera de EE. UU., con ingresos totales de aproximadamente €486 millones y un EBITDA ajustado entre €125 y €130 millones.
Para el año completo 2024, la empresa anticipa superar sus objetivos fuera de EE. UU., con ingresos totales creciendo alrededor del 18% hasta aproximadamente €1.66 mil millones y un EBITDA ajustado aumentando en más del 50% a €387-392 millones, logrando un margen superior al 23%. Diciembre estableció nuevos récords mensuales para depósitos e ingresos totales.
El negocio en EE. UU. mostró récords de ingresos mensuales consecutivos en el Q4, con una inversión de aproximadamente €11 millones en el Q4 2024, llevando la inversión total en EE. UU. para 2024 a aproximadamente €61 millones. La empresa espera reducir la inversión en EE. UU. en 2025 debido a una estrategia enfocada en iGaming.
슈퍼그룹 (NYSE: SGHC)는 2024년 4분기와 연간 실적이 강력하게 나올 것으로 예고하며, 이전의 가이던스를 초과할 것으로 예상하고 있습니다. 2024년 4분기는 회사의 비 미국 분기 중 가장 강한 분기가 될 것으로 예상되며, 총 수익은 약 4억 8600만 유로, 조정 EBITDA는 1억 2500만~1억 3000만 유로 사이로 예상됩니다.
2024년 연간으로는, 회사는 비 미국 목표를 초과할 것으로 보이며, 총 수익은 약 18% 증가하여 약 16억 6000만 유로에 이를 것으로 예상하고, 조정 EBITDA는 50% 이상 증가하여 3억 8700만~3억 9200만 유로에 이를 것으로 보이며, 23% 이상의 마진을 달성할 것으로 기대하고 있습니다. 12월에는 예금 및 총 수익에 대한 새로운 월간 기록이 수립되었습니다.
미국 사업 부문은 4분기에 연속 월별 수익 기록을 세웠으며, 2024년 4분기에는 약 1100만 유로를 투자하여 2024년 미국 총 투자액을 약 6100만 유로로 끌어올렸습니다. 회사는 iGaming 전략에 집중하기 때문에 2025년에는 미국 투자를 줄일 것으로 기대하고 있습니다.
Super Group (NYSE: SGHC) a annoncé des performances préliminaires solides pour le quatrième trimestre et l'année entière 2024, s'attendant à dépasser les prévisions précédentes. Le Q4 2024 devrait être le trimestre le plus fort de l'entreprise hors des États-Unis, avec un chiffre d'affaires total d'environ 486 millions d'euros et un EBITDA ajusté compris entre 125 et 130 millions d'euros.
Pour l'ensemble de l'année 2024, l'entreprise anticipe de surpasser ses objectifs hors des États-Unis, avec un chiffre d'affaires total en hausse d'environ 18 % jusqu'à environ 1,66 milliard d'euros et un EBITDA ajusté augmentant de plus de 50 % pour atteindre entre 387 et 392 millions d'euros, réalisant une marge supérieure à 23 %. Décembre a établi de nouveaux records mensuels pour les dépôts et le chiffre d'affaires total.
L'activité aux États-Unis a montré des records de chiffre d'affaires mensuels consécutifs au Q4, avec un investissement d'environ 11 millions d'euros au Q4 2024, portant l'investissement total aux États-Unis pour 2024 à environ 61 millions d'euros. L'entreprise s'attend à une réduction des investissements aux États-Unis en 2025 en raison d'une stratégie axée sur l'iGaming.
Super Group (NYSE: SGHC) hat starke vorläufige Ergebnisse für das vierte Quartal und das gesamte Jahr 2024 angekündigt und erwartet, die vorherigen Prognosen zu übertreffen. Das vierte Quartal 2024 wird voraussichtlich das stärkste Quartal des Unternehmens außerhalb der USA sein, mit einem Gesamtumsatz von etwa 486 Millionen € und einem bereinigten EBITDA zwischen 125 und 130 Millionen €.
Für das gesamte Jahr 2024 erwartet das Unternehmen, die Ziele außerhalb der USA zu übertreffen, mit einem Gesamtumsatz von etwa 18% bis auf etwa 1,66 Milliarden € und einem bereinigten EBITDA, das um mehr als 50% auf 387-392 Millionen € steigt und eine Marge von über 23% erreicht. Der Dezember setzte neue monatliche Rekorde für Einzahlungen und Gesamtumsatz.
Das US-Geschäft zeigte im vierten Quartal aufeinanderfolgende monatliche Umsatzrekorde, mit einer Investition von etwa 11 Millionen € im vierten Quartal 2024, wodurch die Gesamtinvestition in den USA für 2024 auf etwa 61 Millionen € ansteigt. Das Unternehmen erwartet, dass die US-Investitionen im Jahr 2025 aufgrund einer fokussierten iGaming-Strategie reduziert werden.
- Record Q4 ex-US Total Revenue of ~€486 million
- Q4 Adjusted EBITDA between €125-130 million
- Full-year Total Revenue growth of 18% to ~€1.66 billion
- Adjusted EBITDA growth over 50% to €387-392 million
- Strong margin performance exceeding 23%
- Consecutive monthly revenue records in U.S. operations
- Expected reduction in U.S. investment for 2025
- Continued significant U.S. investment costs (~€61 million in 2024)
- Reduced U.S. footprint indicates market challenges
Insights
Super Group's preliminary Q4 and FY2024 results reveal exceptional operational performance that significantly exceeds market expectations. The ex-US quarterly revenue of
The full-year metrics are particularly impressive:
- Ex-US revenue growth of
18% to€1.66 billion - Adjusted EBITDA growth exceeding
50% , reaching€387-392 million - EBITDA margin improvement to over
23%
The enhanced profitability metrics suggest successful cost management and operational leverage. The company's ability to expand margins while growing revenue indicates strong pricing power and efficient customer acquisition strategies in its core markets.
The U.S. business trajectory shows promise, with three consecutive months of revenue records in Q4. The planned reduction in U.S. investment from
The strong December performance, particularly in deposits and revenue, indicates positive momentum entering 2025. This suggests potential for continued growth and market share gains in key markets. The company's ability to exceed guidance while maintaining healthy margins positions it favorably for sustained growth in the highly competitive online gaming sector.
- Expected to surpass previously issued full-year guidance for ex-US Total Revenue and Adjusted EBITDA
- Anticipated to achieve new quarterly and full-year records for Total Revenue and Adjusted EBITDA
The Group is pleased to announce that Q4 2024 is expected to be its strongest ever ex-US quarter with Total Revenue of ~
For the full-year, the Group expects to have surpassed its previously issued ex-US guidance targets of Total Revenue of
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 ~
The developing
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.
About Super Group
Super Group (SGHC) Limited is the holding company for leading global online sports betting and gaming businesses: Betway, a premier online sports betting brand, and Spin, a multi-brand online casino offering. The Group is licensed in multiple jurisdictions, with leading positions in key markets throughout
Preliminary Financial Results
The financial results included in this press release are preliminary, have not been audited and are subject to change upon completion of the audit of Super Group’s financial statements for the year ended December 31, 2024. As a result, these preliminary results may be different from the actual results that will be reflected in Super Group’s consolidated financial statements to be included as part of Super Group’s Annual Report on Form 20-F for the year ended December 31, 2024 to be filed with the
Non-GAAP Financial Information
This press release includes non-GAAP financial information not presented in accordance with the International Financial Reporting Standards as issued by the International Accounting Standards Board (“IASB”, hereafter “IFRS”).
Adjusted EBITDA is a non-GAAP company-specific performance measure that Super Group uses to supplement the Group’s results presented in accordance with IFRS. EBITDA is defined as profit before depreciation, amortization, finance income, finance expense and income tax expense/credit. Adjusted EBITDA is EBITDA adjusted for RSU expense, change in fair value of options, unrealized foreign exchange, gain on disposal of business, impairment of assets, US sportsbook closure, market closure and other adjustments. Adjusted EBITDA, ex-US is Adjusted EBITDA relating to the rest the group, excluding Digital Gaming Corporation ('DGC'). Adjusted EBITDA, US is Adjusted EBITDA relating to the DGC.
Super Group believes that these non-GAAP measures are useful in evaluating the Group’s operating performance as they are similar to measures reported by the Group’s public competitors and are regularly used by securities analysts, institutional investors and other interested parties in analyzing operating performance and prospects.
Management does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-GAAP financial measures is that it excludes significant expenses that are required by IFRS to be recorded in Super Group’s financial statements. Non-GAAP measures should be considered in addition to results and guidance prepared in accordance with IFRS, but should not be considered a substitute for, or superior to, IFRS results.
We do not provide a reconciliation of Adjusted EBITDA to the most comparable IFRS financial measure (corresponding GAAP metric) on a forward-looking basis because we are unable to forecast certain items required to develop meaningful comparable GAAP financial measures without unreasonable efforts.
Super Group urges investors to review the reconciliation in the Group’s upcoming press release announcing financial results for the fourth quarter and full-year 2024 performance and the Group’s upcoming Annual Report on Form 20-F for the year ended December 31, 2024 and not to rely on any single financial measure to evaluate its business. In addition, other companies, including companies in Super Group’s industry, may calculate similarly named non-GAAP measures differently than Super Group, which limits their usefulness in comparing Super Group’s financial results with theirs.
Forward-Looking Statements
Certain statements made in this press release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “pipeline,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to those under the heading “Risk Factors” in Super Group’s Annual Report on Form 20-F filed with the SEC on April 25, 2024, and in Super Group’s other filings with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Super Group assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Super Group does not give any assurance that it will achieve its expectations.
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Source: Super Group
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