Super Group finishes 2024 with a revenue growth of 18%
Super Group, the parent company of Betway and Spin, has published its financial results for the fourth quarter and the full year of 2024. The company demonstrated record revenue growth and significantly improved its profitability, despite challenges in some markets.
Results for Q4 2024
Super Group finished the fourth quarter of 2024 with impressive results:
- Revenue: €500 million, which is 39% higher compared to the same period in 2023.
- Profit before tax: €96.8 million, in contrast to a loss of €44.9 million in 2023.
- Adjusted EBITDA: €118.1 million, significantly higher than €33.6 million in 2023.
- Average number of players: 5.3 million people, which is 12% higher compared to Q4 2023.
The company noted a significant improvement in operating margin, which led to record results in revenue and EBITDA.
Results for 2024
The entire 2024 year was successful for the company:
- Revenue: €1.7 billion, which is 18% higher compared to 2023.
- Profit before tax: €188.8 million, compared to €16.8 million in 2023.
- Adjusted EBITDA: €330.3 million, which is 67% higher compared to €198.2 million in 2023.
- Average number of players: 4.8 million people, which is 20% higher compared to 2023.
Special attention should be given to the growth in revenue and EBITDA in key markets outside the US, where the company faced challenges in 2024 after Betway exited the US. This move resulted in losses in the US market, ranging from €30 million to €35 million.
Forecasts for 2025
Super Group is focused on further growth in 2025, despite challenges in some markets. The expected financial results for 2025 are:
- Forecasted revenue: over €1.91 billion.
- Forecasted adjusted EBITDA: over €400 million.
The company also announced an increase in the quarterly dividend from $0.10 to $0.16 per share, which will be subject to approval by the Board of Directors.
Dividend Policy and Shareholder Returns
Super Group is actively working on improving its dividend policy. In 2024, the company paid special dividends, totaling over $125 million. In 2025, the minimum quarterly dividend will be increased to 4.0 cents per share, confirming the company’s commitment to continue returning funds to its shareholders.
Financial Achievements and Strategic Outlook
In 2024, the company achieved significant success in international markets, increasing its market share despite challenges in the US. In 2025, Super Group aims to continue growing in key markets, including Europe and Africa. The company is expected to continue increasing its profitability through localized products and a larger marketing budget for new investments.
With this approach, Super Group hopes for continued growth and stability in the long term, despite certain challenges, such as the exit from the US market.