SBC News Voice of the Sports Betting Industry
Super Group has provided comments on the company’s 2023 performance, expressing optimism about further growth in the year ahead.
The parent company of Betway and Spin, Super Group closed the year strong and reiterated its 2023 ex-US financial guidance of revenue of €1.35bn and operational EBITDA of at least €240m.
Speaking in advance of the Needham Growth Conference on 16 January, Neal Menashe, CEO of Super Group, emphasised that for the full year, the firm set annual records for both deposits and net gaming revenue, with a new unique monthly active customers record achieved in the fourth quarter as well.
He continued: “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.”
The CEO also noted that in the US, group net EBITDA investment for the year will be less than the €70m previously communicated.
It was reported in November 2023 that overall group-wide Q3 revenue stood at €356.9m, up 16% from €307.8m in Q3 2022, but growth potential had been offset.
“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,” the CEO concluded.
Menashe will join Richard Hasson, Super Group’s President and Chief Operating Officer and Alinda van Wyk, Chief Financial Officer, on Tuesday at the conference.
