Tag Archives: Spin

US performance improves for Super Group but Q3 profit takes a hit

Betway, Super Group

Growth continued for Betway and Spin parent company Super Group across all geographic frontiers except for the Asia-Pacific region during third quarter trading. Overall group-wide revenue from across the company’s global business was recorded at €356.9m at the quarter’s end, up 16% from €307.8m in Q3 2022 although the group noted that growth potential had been offset. Operational EBITDA also …

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Super Group confident in US strategy despite Q2 hurdles

SBC News Super Group confident in US strategy despite Q2 hurdles

Super Group, the parent company of the Betway and Spin brands, has said it remains focused on ‘future growth opportunities’ to strengthen its commercial profile across multiple jurisdictions in its newly posted financial results for Q2 2023. The NYSE-listed online gambling group revealed a rise of 19% in corporate revenues to €380.8m (Q2 2022: €308.6m), citing accelerated growth across Africa, …

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Super Group keeps positive North American vibes despite 2022 drags

Super Group

Super Group Inc cites that it has matched its revised 2022 corporate expectations, having completed its first full-year as an NYSE-listed enterprise.  This afternoon, the parent company of Betway and Spin brands published its Q4 and FY2022 results, in which the company reported a fourth-quarter revenue decline of 3% to €329m (Q42021: €341m). The decline in period revenues was primarily …

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Super Group Comms Director Alan Alger steps down from transformed Betway

Betway, Super Group

Alan Alger has confirmed on Linkedin that he is departing his position as Director of Corporate Communications for Super Group, having worked with the firm during a transformational period. Having first joined Betway Group in November 2014 as a PR Manager, Alger climbed the ranks of the operator over the following eight years to become Head of Corporate Communications and …

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Super Group cancels NYSE warrants and earnouts

SBC News Super Group cancels NYSE warrants and earnouts

Super Group, the owner of the Betway and Spin brands, has announced its decision to cancel private warrants and earnout waivers related to its NYSE listing.  Following a revision of its NYSE shareholdings and stock compensation, the governance of Super Group has decided to remove the potential issuance of approximately 78.8m company ordinary shares. The decision will lower Super Group’s …

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Super Group maintains 2022 targets despite Q3 slowdown

Super Group

 Super Group Inc (SGHC) continues to navigate against macro headwinds impacting the performance of its flagship Betway and Spin brands across global jurisdictions. Publishing its Q3 trading update, the NYSE online gambling group registered corporate revenues of €308m, down 2% on 2021 comparative results of €312m. The decline in headline revenues was primarily attributed to the slowdown of the Spin …

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Super Group reiterates €1bn 2022 revenue projections

Super Group

Expecting to significantly expand its US presence in the new year, Super Group continues to project strong revenue growth to close the year.  Issuing an update to its NYSE investors, the Malta-based reiterated its predictions 2022, maintaining that it will achieve revenue of between €1.15bn and €1.28bn and Adjusted EBITDA of between €200m and €215m, respectively. In an assessment of …

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Super Group hit by Q2 macro elements, but remains positive on settled NYSE status.

SBC News Super Group hit by Q2 macro elements, but remains positive on settled NYSE status.

Super Group Inc (SHGC), the parent company of Betway and Spin brands, has praised its diverse geographic make-up as a clear factor in overcoming challenging macroeconomic headwinds bearing down on gambling markets.    Completing its second quarter as an NYSE-listed enterprise, SGHC registered Q2 group revenues of €320m, down 10% on 2021 comparative results of €355m. The slowdown in Q2 headline …

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Super Group marks steady Q1 opening on NYSE 

Super Group

Super Group Inc, the parent company of Betway and Spin brands, has outlined a confident and stable start to trading as an NYSE-listed business.  Publishing its first quarterly results on the New York Stock Exchange, Super Group achieved group revenues of €334m, attributed to a split of –  53% Betway / 47% Spin. Revenue growth reflected pre-NYSE results of €311m, …

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