Super Group expects to exceed FY24 revenue view EUR 1.6B

Expects to exceed FY24 adjusted EBITDA view at least EUR 360M. The company said, “For the full-year, the Group expects to have surpassed its previously issued ex-US guidance targets of Total Revenue of EUR 1.60 billion and Adjusted EBITDA of greater than EUR 360 million. New ex-US records were also expected to have been achieved in 2024 for both Total Revenue and Adjusted EBITDA, with Total Revenue growing by ~18% to ~EUR 1.66 billion and Adjusted EBITDA growing by more than 50%, anticipated to be between EUR 387 million and EUR 392 million, a margin of greater than 23%. The developing U.S. business is also anticipated to have delivered new records in the fourth quarter – October was an all-time high for Total Revenue, which was subsequently surpassed in both November and December. The expected Q4 2024 investment into the U.S. business is ~EUR 11 million, which would bring the total investment for the year to ~EUR 61 million. Given the reduced footprint and sole focus on iGaming in the U.S., this investment is expected to reduce materially in 2025.”