Key points:
- Group is set to surpass full-year guidance issued last month
- The fourth quarter is expected to be its strongest ever ex-US quarter
Super Group has provided a business update, setting out what it expects to see from its Q4 and full-year 2024 results.
These results are set to be officially released in February and the group has said that “Q4 2024 is expected to be its strongest ever ex-US quarter.”
This comes after only last month the operator raised its full-year guidance for 2024, with total revenue guidance increasing from €1.55bn ($1.62bn) to €1.6bn, while its ex-US adjusted EBITDA guidance rising from more than €345m to at least €360m.
Good to know: This week, EveryMatrix released its Q4 and full-year 2024 results, reporting €181m in annual revenue for 2024, representing 59% in growth
But now, Super Group anticipates that these figures are set to be surpassed, with total revenue for 2024 now expected to be around €1.66bn and adjusted EBITDA due to be between €387m and €392m.
As mentioned, the group believes the fourth quarter will be its strongest ex-US quarter with total revenue of approximately €486m and adjusted EBITDA of between €125m and €130m, with December in particular being underlined as a strong month of financial results.
Super Group CEO Neal Menashe said: “I’m proud to have ended 2024 on a high, with new records expected for both total revenue and adjusted EBITDA. This momentum has continued into the start of 2025, setting a solid foundation for the year ahead.
“I would like to thank the global Super Group team for an excellent 2024, and I look forward to an even better 2025.”
