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Super Group Reports Financial Results for Fourth Quarter 2023 and Full Year 2023

Retrieved on:

Wednesday, March 6, 2024

Casino, Gaming, Entertainment, Professional Services, Finance, Acquisition, RSU, Growth, B2B, Super Group, Digital, SGHC, Operational definition, Income tax, DGC, Bank statement, Face, Depreciation, Spin

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced fourth quarter 2023 and full year 2023 unaudited consolidated financial results.

Key Points:

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced fourth quarter 2023 and full year 2023 unaudited consolidated financial results.
Revenue increased by 9% to €359.9 million for the fourth quarter of 2023 from €329.1 million in 2022.
Operational EBITDA, a non-GAAP financial measure, was €36.2 million in the fourth quarter of 2023 compared to €42.3 million in 2022.
Super Group urges investors to review the reconciliation and not to rely on any single financial measure to evaluate its business.

Super Group to Report Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Wednesday, February 21, 2024

Casino, Gaming, Entertainment, Super Group, Webcast, SGHC, Spin

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the fourth quarter and full year end 2023 on Wednesday, March 6, 2024 before the U.S. stock market opens.

Key Points:

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the fourth quarter and full year end 2023 on Wednesday, March 6, 2024 before the U.S. stock market opens.
Management will host a conference call and webcast on the same day at 8:30 a.m.
A live audio webcast along with a supplemental investor presentation will be available on www.investors.sghc.com .
A replay of the audio call will be available for one year following the live call.

Super Group Comments on the Strength of the Business in 2023

Retrieved on:

Friday, January 12, 2024

Casino, Gaming, Entertainment, Mobile Entertainment, Super Group, SGHC, EUR, Spin, Growth

Super Group (SGHC) Limited (NYSE: SGHC), the parent company of Betway, a leading online sports betting and gaming business and Spin, the multi-brand online casino, today provided comments by management in advance of next week’s conference participation.

Key Points:

Super Group (SGHC) Limited (NYSE: SGHC), the parent company of Betway, a leading online sports betting and gaming business and Spin, the multi-brand online casino, today provided comments by management in advance of next week’s conference participation.
Neal Menashe, Chief Executive Officer stated, “We closed the year strong and reiterate our 2023 ex-US financial guidance of revenue of (EUR) 1.35 billion and operational EBITDA of at least (EUR) 240 million.
The growth in Africa continues and has resumed in Canada – this growth has more than offset the impact of regulatory changes in India.
In the US, our net EBITDA investment for the year will be less than the (EUR) 70 million previously communicated.

Super Group to Participate in the 26th Annual Needham Virtual Growth Conference

Retrieved on:

Thursday, January 4, 2024

Casino, Gaming, Entertainment, Spin, Super Group, Conference, SGHC

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that management will attend the 26th Annual Needham Virtual Growth Conference on Tuesday, January 16, 2024.

Key Points:

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that management will attend the 26th Annual Needham Virtual Growth Conference on Tuesday, January 16, 2024.
Neal Menashe, Chief Executive Officer, Richard Hasson, President & Chief Operating Officer, and Alinda van Wyk, Chief Financial Officer, will participate in a fireside chat on Tuesday, January 16, 2024, at 8:45 AM ET.
Participants may access the live webcast and replay on the Super Group Investor Relations site https://investors.sghc.com/overview/default.aspx .
For further information, or to schedule a meeting with management, please contact your Needham representative.

Super Group Reports Third Quarter 2023 Financial Results

Retrieved on:

Thursday, November 9, 2023

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced third quarter 2023 consolidated financial results.

Key Points:

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced third quarter 2023 consolidated financial results.
Neal Menashe, Chief Executive Officer of Super Group, commented: “Super Group has delivered yet another quarter of solid results, having achieved our highest ever revenue for a third quarter, as well as new all-time highs for both our customer numbers and deposits.
Operational EBITDA was €53.8 million for the third quarter 2023 compared to €49.6 million in the third quarter of 2022.
Monthly Active Customers increased 44% to 4.0 million during the third quarter 2023 from 2.7 million in the third quarter of 2022.

Super Group to Report Third Quarter 2023 Financial Results

Retrieved on:

Thursday, October 26, 2023

Other Entertainment, Internet, Online, General Entertainment, Technology, Casino, Gaming, Other Technology, Entertainment, Super Group, SGHC, Spin, NYSE, Webcast, Broadcasting

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the third quarter 2023 on Thursday, November 9, 2023 before the U.S. stock market opens.

Key Points:

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the third quarter 2023 on Thursday, November 9, 2023 before the U.S. stock market opens.
Management will host a conference call and webcast on the same day at 8:30 a.m.
A live audio webcast along with a supplemental investor presentation will be available on www.investors.sghc.com .
A replay of the audio call will be available for one year following the live call.

Sports Sponsorship Market to grow by USD 22.64 billion growth from 2022 to 2027, The emergence of new sports leagues boosts the market - Technavio

Retrieved on:

Monday, October 2, 2023

The potential growth difference for the sports sponsorship market between 2022 and 2027 is USD 22.64 billion.

Key Points:

The potential growth difference for the sports sponsorship market between 2022 and 2027 is USD 22.64 billion.
The emergence of new sports leagues drives the market growth during the forecast period.
As a result, such initiatives are fuelling the sponsors to invest more in these events which is positively impacting the market.
Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more.

SGHC Announces Exit from India and Reaffirms 2023 Financial Forecast

Retrieved on:

Monday, October 2, 2023

Online, Casino, Gaming, Communications, Social Media, Entertainment, SGHC, Consumption tax, Super Group, NYSE, Cryptocurrency, Risk management, Television

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”) today announced that it has ceased providing any services to the Indian market due to changes to the Indian Goods and Services Tax, effective as of October 1, 2023.

Key Points:

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”) today announced that it has ceased providing any services to the Indian market due to changes to the Indian Goods and Services Tax, effective as of October 1, 2023.
The newly effective tax rules make the Indian market no longer commercially viable for Super Group.
Despite this development, Super Group reaffirms the full year financial projections provided on the earnings conference call on August 17, 2023.
Neal Menashe, Chief Executive Officer of Super Group, stated: “We are continuously evaluating evolving regulatory landscapes across the many markets we serve.

Super Group’s Betway becomes Global Betting Partner of Arsenal

Retrieved on:

Friday, September 1, 2023

Super Group (SGHC) Limited (NYSE: SGHC), the parent company of Betway, a leading online sports betting and gaming business and Spin, the multi-brand online casino, today announced that Betway has become the Official Global Betting Partner of English Premier League club, Arsenal men’s team.

Key Points:

Super Group (SGHC) Limited (NYSE: SGHC), the parent company of Betway, a leading online sports betting and gaming business and Spin, the multi-brand online casino, today announced that Betway has become the Official Global Betting Partner of English Premier League club, Arsenal men’s team.
The new partnership will enhance the supporter experience by creating and delivering global activations and exclusive content across all social media platforms.
Anthony Werkman, CEO of Betway Group, said: “Having built one of the most exciting and enviable global sport sponsorship portfolios of any industry, I am absolutely thrilled to announce our new partnership as Official Global Betting Partner of English Premier League side, Arsenal.
We look forward to supporting them on their journey both domestically and in Europe in this season and beyond.”
Juliet Slot, Chief Commercial Officer at Arsenal, said: “We are pleased to announce Betway as our Official Global Betting Partner.

Super Group Reports Second Quarter 2023 Financial Results

Retrieved on:

Thursday, August 17, 2023

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced second quarter 2023 consolidated financial results.

Key Points:

Super Group (SGHC) Limited (NYSE: SGHC) (“SGHC” or “Super Group”), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced second quarter 2023 consolidated financial results.
Neal Menashe, Chief Executive Officer of Super Group, commented: “Super Group has delivered financial results that reflect our ongoing focus on both an optimized global footprint and investment in long-term growth.
Operational EBITDA was €70.0 million for the second quarter 2023 compared to €53.6 million in the second quarter of 2022.
Monthly Active Customers increased 40% to 3.7 million during the second quarter 2023 from 2.7 million in the second quarter of 2022.