Super Group has released its financial results for the third quarter of 2024, showcasing strong growth and performance across key regions. The quarter marked the company’s highest revenue and Adjusted EBITDA to date. Additionally, Super Group saw notable gains in Africa, Europe, and North America.

  • Third-quarter revenue reached €402.9 million, marking a 13% increase compared to the same period in 2023. In constant currency, revenue growth stood at 15%, primarily driven by gains in Africa, Europe, and North America. The Middle East and Asia-Pacific regions saw slight declines.
  • The company’s net profit for Q3 2024 was €8.5 million, a slight decrease from €10.6 million in Q3 2023. Last year’s profit included a non-cash charge related to option liability adjustments, which impacted the overall comparison. Despite this, profitability remained strong across Super Group’s brands.
  • Adjusted EBITDA grew by 60% to reach €83.9 million, setting a new quarterly record. Excluding the U.S., Adjusted EBITDA was €95.4 million, underscoring the effectiveness of Super Group’s international strategy. However, U.S. operations reported a loss, affecting total EBITDA figures.
  • Monthly active customers rose by 17%, reaching 4.7 million in Q3 2024, up from 4.0 million in the prior year. This growth reflects Super Group’s appeal across global markets and its ability to attract and retain a larger user base. Expansion in Africa and Canada has been a significant contributor to this rise.
  • Cash reserves increased to €296.6 million by the end of September, up from €241.9 million at the end of 2023. This increase was due to operating inflows of €159.1 million, partially offset by investments and dividend payouts. Foreign currency gains also contributed to the overall cash position.
  • Investments in assets amounted to €63.6 million, primarily focused on software and other intangible assets. Additionally, Super Group issued a €10 million loan to Apricot Investments Limited. Proceeds from asset sales and loan repayments helped balance these expenditures.
  • Dividend payments of €46.1 million were made, in line with Super Group’s commitment to shareholder returns. Lease payments of €5.7 million also impacted cash flow from financing activities. These outflows were offset by currency gains due to favorable foreign exchange rates.
  • CEO Neal Menashe noted the company’s success in scaling African operations, now its largest regional market. He highlighted the potential for shareholder returns, including a possible special dividend by year-end. Strong performance across global brands underscores Super Group’s growth potential.