Super Group chief financial officer Alinda van Wyk said the Betway owner is targeting further “sold growth” 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 per cent year-on-year to €500m and pushed full-year revenue to €1.7bn for 2024, up 18 per cent from €1.4bn in 2023.
Ex-US adjusted EBITDA for the full year was €391.1m, exceeding guidance, and was €128.8m for Q4.
Van Wyk noted Super Group’s investment in the US, which was €61m in 2024, will “reduce considerably” in 2025 after the company pulled out of the sportsbook market to leave only its igaming operations intact stateside.
“We are pleased to see continued momentum into 2025 and anticipate another year of double-digit growth across both total revenue and adjusted EBITDA,” she said.
Profit before tax for Q4 was €96.8m, rising from a loss of €44.9m in Q4 2023.
For 2025, Super Group expects ex-US revenue of more than €1.83bn and adjusted EBITDA of over €435m.
For its US igaming operations, revenue of €85m and adjusted EBITDA of between €30m and €35m are expected.
Combined guidance is for revenue of over €1.92bn and adjusted EBITDA of over €400m.
Neal Menashe, chief executive officer of Super Group, said: “The company made phenomenal progress in 2024, and we are proud of our strong finish to the year and the record-setting performance across the business.”
