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Super Group Comments on the Strength of the Business in 2023
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Super Group (SGHC) Limited (NYSE: SGHC) presented at the Needham Growth Conference on January 16 at 8:45 AM ET. CEO Neal Menashe stated that they closed the year strong and reiterated their 2023 ex-US financial guidance of revenue of (EUR) 1.35 billion and operational EBITDA of at least (EUR) 240 million. They set annual records for deposits and net gaming revenue and achieved a new record for unique monthly active customers in the fourth quarter. The growth in Africa continues, and there is a resumption of growth in Canada, offsetting the impact of regulatory changes in India. In the US, their net EBITDA investment for the year will be less than the (EUR) 70 million previously communicated. They are optimistic.
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Management Presents at Needham Growth Conference on January 16 at 8:45 AM ET
NEW YORK--(BUSINESS WIRE)--
Super Group (SGHC) Limited (NYSE: SGHC), the parent company of Betway, a leading online sports betting and gaming business and Spin, the multi-brand online casino, today provided comments by management in advance of next week’s conference participation.
Neal Menashe, Chief Executive Officer stated, “We closed the year strong and reiterate our 2023 ex-US financial guidance of revenue of (EUR) 1.35 billion and operational EBITDA of at least (EUR) 240 million. For the year, we set annual records for both deposits and net gaming revenue and during the fourth quarter, we achieved a new record for unique monthly active customers, reflecting consistent customer engagement and our leading position in key markets. The growth in Africa continues and has resumed in Canada – this growth has more than offset the impact of regulatory changes in India. In the US, our net EBITDA investment for the year will be less than the (EUR) 70 million previously communicated. We are optimistic about another year of growth in 2024 and we plan to communicate our annual outlook when we announce our fourth quarter 2023 financial results in March.”
Participants may access a live webcast and replay of Super Group’s presentation during the 26th Annual Needham Growth Conference on the Super Group Investor Relations site https://investors.sghc.com/overview/default.aspx.
About Super Group (SGHC) Limited
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 Europe, the Americas and Africa. The group’s sports betting and online gaming offerings are underpinned by its scale and leading technology, enabling fast and effective entry into new markets. Its proprietary marketing and data analytics engine empowers it to responsibly provide a unique and personalized customer experience. Super Group has been ranked no.6 in the EGR Power 50 for the last two years. For more information, visit www.sghc.com.
What time did Super Group (SGHC) Limited present at the Needham Growth Conference?
Super Group (SGHC) Limited presented at the Needham Growth Conference on January 16 at 8:45 AM ET.
What is the CEO's name and what did he state?
CEO Neal Menashe stated that they closed the year strong and reiterated their 2023 ex-US financial guidance of revenue of (EUR) 1.35 billion and operational EBITDA of at least (EUR) 240 million.
What financial records did Super Group (SGHC) Limited set for the year?
Super Group (SGHC) Limited set annual records for deposits and net gaming revenue and achieved a new record for unique monthly active customers in the fourth quarter.
In which regions is Super Group (SGHC) Limited experiencing growth?
The growth in Africa continues, and there is a resumption of growth in Canada, offsetting the impact of regulatory changes in India.
What is the net EBITDA investment for the year in the US?
In the US, their net EBITDA investment for the year will be less than the (EUR) 70 million previously communicated.
What is Super Group (SGHC) Limited's 2023 ex-US financial guidance?
Super Group (SGHC) Limited reiterated their 2023 ex-US financial guidance of revenue of (EUR) 1.35 billion and operational EBITDA of at least (EUR) 240 million.
What is Super Group (SGHC) Limited's ticker symbol?
Super Group (SGHC) Limited's ticker symbol is SGHC.
What is the parent company of Betway and Spin?
Super Group (SGHC) Limited is the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino.
