Super Group Management to Meet with Citizens JMP on September 2

Super Group management will meet with Citizens JMP in New York on September 2. The meeting, hosted by Citizens JMP, is expected to focus on the company's performance and future prospects. TipRanks Premium is offering a 50% discount for investors looking to improve their strategy with advanced data, expert analyst insights, and powerful investing tools.

Super Group management will meet with Citizens JMP in New York on September 2, focusing on the company's performance and future prospects. The meeting, hosted by Citizens JMP, is expected to provide insights into the company's ongoing success and future strategic directions. Super Group, the parent company of Betway and Spin, has been performing exceptionally well, with preliminary unaudited fourth-quarter and full-year 2024 results showing significant growth.

According to the company's press release [1], Super Group expects to achieve new quarterly and full-year records for Total Revenue and Adjusted EBITDA. For the fourth quarter, Total Revenue is projected to be ~€486 million, with Adjusted EBITDA expected to be between €125 million and €130 million. For the full year, Total Revenue is expected to surpass the previously issued guidance of €1.60 billion, growing by ~18% to ~€1.66 billion. Adjusted EBITDA is anticipated to grow by more than 50%, reaching between €387 million and €392 million.

The developing U.S. business is also expected to deliver new records in the fourth quarter, with October being an all-time high for Total Revenue, subsequently surpassed in November and December. The expected Q4 2024 investment into the U.S. business is ~€11 million, bringing the total investment for the year to ~€61 million. This investment is expected to reduce materially in 2025.

Chief Executive Officer Neal Menashe commented, "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."

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References:
[1] https://www.businesswire.com/news/home/20250122374044/en/Super-Group-Comments-on-Outstanding-Preliminary-Unaudited-Fourth-Quarter-and-Full-Year-2024-Performance
[2] https://www.tipranks.com/news/the-fly/ai-daily-amd-upgraded-on-ai-traction-meta-to-launch-ai-focused-super-pac-thefly