Super Group has announced the appointment of Elen Barber as Chief Marketing Officer. Barber joins the holding company of Betway and Spin after spending over 13 years working for fellow operator Kindred Group. On LinkedIn, Barber wrote: “I’m excited to share some news – I’m starting a new position as Chief Marketing Officer at Super Group (SGHC)! I am thrilled …
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Super Group FY2023 dragged by costly US impairments
Super Group states that it has overcome a challenging 2023, in which its corporate performance was dragged down by US-specific impairments impacting profitability. This afternoon, the parent company of Betway and Spin brands published its Q4 and full-year 2023 preliminary results, concluding by declaring its “highest ever total revenue for a fourth quarter of €359m,” a 9% increase on 2022 …
Read More »US performance improves for Super Group but Q3 profit takes a hit
Growth continued for Betway and Spin parent company Super Group across all geographic frontiers except for the Asia-Pacific region during third quarter trading. Overall group-wide revenue from across the company’s global business was recorded at €356.9m at the quarter’s end, up 16% from €307.8m in Q3 2022 although the group noted that growth potential had been offset. Operational EBITDA also …
Read More »Super Group confident in US strategy despite Q2 hurdles
Super Group, the parent company of the Betway and Spin brands, has said it remains focused on ‘future growth opportunities’ to strengthen its commercial profile across multiple jurisdictions in its newly posted financial results for Q2 2023. The NYSE-listed online gambling group revealed a rise of 19% in corporate revenues to €380.8m (Q2 2022: €308.6m), citing accelerated growth across Africa, …
Read More »Super Group Q1 drags amid North American adjustments
Super Group Inc, stands by its global growth strategy despite witnessing a performance slowdown in North America and Asia during Q1 trading. The parent company of Betway and Spin brand recorded a 1% increase in Q1 2023 revenues to €338m (Q12022: €334m). The slowdown in revenues was primarily attributed to a 13% decrease in North American income to €130m, due …
Read More »Super Group keeps positive North American vibes despite 2022 drags
Super Group Inc cites that it has matched its revised 2022 corporate expectations, having completed its first full-year as an NYSE-listed enterprise. This afternoon, the parent company of Betway and Spin brands published its Q4 and FY2022 results, in which the company reported a fourth-quarter revenue decline of 3% to €329m (Q42021: €341m). The decline in period revenues was primarily …
Read More »Super Group Comms Director Alan Alger steps down from transformed Betway
Alan Alger has confirmed on Linkedin that he is departing his position as Director of Corporate Communications for Super Group, having worked with the firm during a transformational period. Having first joined Betway Group in November 2014 as a PR Manager, Alger climbed the ranks of the operator over the following eight years to become Head of Corporate Communications and …
Read More »Super Group cancels NYSE warrants and earnouts
Super Group, the owner of the Betway and Spin brands, has announced its decision to cancel private warrants and earnout waivers related to its NYSE listing. Following a revision of its NYSE shareholdings and stock compensation, the governance of Super Group has decided to remove the potential issuance of approximately 78.8m company ordinary shares. The decision will lower Super Group’s …
Read More »Super Group maintains 2022 targets despite Q3 slowdown
Super Group Inc (SGHC) continues to navigate against macro headwinds impacting the performance of its flagship Betway and Spin brands across global jurisdictions. Publishing its Q3 trading update, the NYSE online gambling group registered corporate revenues of €308m, down 2% on 2021 comparative results of €312m. The decline in headline revenues was primarily attributed to the slowdown of the Spin …
Read More »Super Group reiterates €1bn 2022 revenue projections
Expecting to significantly expand its US presence in the new year, Super Group continues to project strong revenue growth to close the year. Issuing an update to its NYSE investors, the Malta-based reiterated its predictions 2022, maintaining that it will achieve revenue of between €1.15bn and €1.28bn and Adjusted EBITDA of between €200m and €215m, respectively. In an assessment of …
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