Super Group Comments on the Strength of the Business in 2023
Management Presents at Needham Growth Conference on January 16 at 8:45 AM ET
Super Group (SGHC) Limited, 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. For the year, we set annual records for both deposits and net gaming revenue and during the fourth quarter, we achieved a new record for unique monthly active customers, reflecting consistent customer engagement and our leading position in key markets. 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. We are optimistic about another year of growth in 2024 and we plan to communicate our annual outlook when we announce our fourth quarter 2023 financial results in March.”
Participants may access a live webcast and replay of Super Group’s presentation during the 26th Annual Needham Growth Conference on the Super Group Investor Relations site https://investors.sghc.com/overview/default.aspx.
