Super Group Delivers Strong Q4 Performance and Updates 2024 Guidance | iGaming Future

Super Group (SGHC) Limited (NYSE: SGHC), the parent company of online sports betting leader Betway and multi-brand online casino Spin, has provided a business update reflecting robust results for the first two months of Q4 2024.

Following a strong performance, Super Group has revised its full-year 2024 revenue and earnings forecasts:

• Revenue: Increased from €1.55 billion to €1.6 billion.
• Ex-US Adjusted EBITDA: Updated from more than €345 million to at least €360 million.

These figures highlight the company’s sustained growth and operational efficiency across its portfolio of brands.

In recognition of its financial success, Super Group’s Board of Directors has declared a special cash dividend of €0.15 per share. The dividend will be paid on 8 January 2025 to shareholders of record as of 23 December 2024.

This follows the company’s initial 2024 dividend of €0.10 per share, bringing the total declared dividend for 2024 to €0.25 per share. Looking ahead, Super Group reaffirmed its intention to introduce a regular quarterly dividend in 2025, pending Board approval.

Super Group’s performance underscores its strong market position in the global iGaming industry, driven by its marquee brands and strategic focus on operational excellence. With a growing revenue base and increasing shareholder returns, the company is poised to further expand its footprint and deliver sustainable value to stakeholders.

Chief Executive Officer, Neal Menashe commented: “I’m very proud of our performance this year and delighted we are in a position to raise our full-year revenue and ex-US Adjusted EBITDA guidance again while announcing another dividend for 2024. We have consistently said that we will consider returning excess cash to shareholders, and the outstanding performance of the business throughout 2024 alongside the continued strength of our balance sheet, has given us the platform to be able to do this. It has been a super year for Super Group and we look forward to building on this success as we move into 2025.”