Super Group raises full-year guidance as part of 2024 business update
The operator has underlined growth in the first two months of Q4 2024.
Key points:
– Full-year guidance for total revenue raised from €1.55bn ($1.63bn) to €1.6bn
– Another cash dividend declared
Super Group has released a business update, reflecting on the operator’s performance in 2024 and underling projections for its full-year financial figures.
The company has highlighted a positive start to the fourth quarter, which will follow on from positive quarters throughout this year in Q1, Q2 and Q3.
As a result of this, full-year guidance has been shifted, with total revenue guidance increasing from €1.55bn ($1.63bn) to €1.6bn, while its ex-US adjusted EBITDA guidance has risen from more than €345m to at least €360m.
On top of this, Super Group has announced a cash dividend of 15¢ per share for Q4 2024, which with the initial 2024 dividend of 10¢ per share takes the total to 25¢ per share for total shareholder dividend declared this year.
Super Group CEO Neal Menashe said: “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.
Good to know: Super Group’s Q3 financial report showed a 13% increase in revenue to €402.9m
“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.”
The year has been a positive one for Super Group, particularly for its sports betting brand Betway, which has signed a number of deals, including in the world of football, with clubs such as Manchester City, Nottingham Forest, Bologna FC and Chelsea.
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