Alinda van Wyk, Super Group‘s chief financial officer, said the Betway owner is aiming for further solid growth. This comes after the company preliminarily recorded its highest-ever fourth-quarter revenue.
The Spin operator also exceeded full-year, ex-US adjusted EBITDA guidance.
Fourth-quarter revenue rose 39% year-on-year to €500 million, pushing full-year revenue to €1.7 billion. This marks an 18% increase from €1.4 billion in 2023.
Exceeding guidance, ex-US adjusted EBITDA for the full year was €391.1 million, and was €128.8 million for the fourth quarter.
Van Wyk noted that Super Group invested €61 million in the United States last year. This year, the investment will drop significantly after the company exited the sportsbook market, leaving only its iGaming operations stateside.
She said that they are pleased to see continued momentum into 2025 and anticipate another year of double-digit across both total revenue and adjusted EBITDA.
Profit before tax for the fourth quarter reached €96.96 million, rising from a loss of €44.9 million in Q4 2023.
Super Group expects ex-US revenue of more than €1.83 billion and adjusted EBITDA of over €435 million for 2025.
Super Group expects its US iGaming operations to generate €85 million in revenue and an adjusted EBITDA between €30 million and €35 million.
Combined guidance is for revenue of over €1.92 billion and adjusted EBITDA of over €400 million.
Super Group’s chief executive officer, Neal Menashe, said the company made phenomenal progress in 2024. He added that they are proud of their strong finish to the year and their record-setting performance across the business.
Betby, an online sports betting supplier has appointed the former country manager of Entain to bwin in Colombia as its new Latin America regional director.
