Group's Outlook for Entire Year Improves Based on Q3 Surpassing Projected Results
Super Group, the global online gaming company, has reported a robust Q3 performance, with both sports and casino sectors contributing significantly to its success. The company's CEO, Neal Menashe, hailed the results as a testament to the resilience of their business model and the strength of their execution.
Strong sports betting results and continued customer engagement in casino gaming were key drivers of the Q3 performance. Deeper customer engagement and continued margin improvement across key markets were also observed, indicating a healthy and growing customer base.
Super Group remains focused on disciplined execution and long-term value creation. As part of this strategy, the company is raising its adjusted EBITDA guidance for the year to between $550 million and $560 million. This is an increase from the previous guidance of $535 million to $550 million.
The company also announced an update on its plan to close its US business. Super Group expects to finalize its plan in the fourth quarter of 2025, anticipating an adjusted EBITDA loss of about $25 million in the US. The company plans to shut down its US operations, with US revenue for 2025 expected to be greater than $40 million.
In light of these changes, Super Group is raising its full-year revenue forecast for 2025. The expected revenue, excluding the United States, is between $2.085 billion and $2.16 billion. The company expects to generate full-year revenue between $2.125 billion and $2.20 billion in 2025.
Super Group's chief financial officer, Alinda van Wyk, expressed confidence in the company's ability to drive top-line and margin expansion. The company's product-led strategy is gaining traction, with cost ratios improving within Super Group.
Shares in Super Group Ltd (NYSE:SGHC) closed 1.68% lower at $12.87 per share in New York Wednesday. Despite the dip in share price, the company's strong Q3 performance and positive outlook for 2025 suggest a promising future for Super Group.
The final closure of the US business is expected in the fourth quarter of 2025, marking a new chapter in Super Group's growth story. With a focus on disciplined execution and long-term value creation, Super Group is well-positioned to continue delivering strong results and creating value for its shareholders.
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