Super Group has revealed its official 2024 and Q4 financial results, revealing a spike in revenue when compared to the FY23 and Q4 2023 report.
More specifically, Super Group generated €500 million in revenue in Q4 2024, which is a 39% year-on-year increase from the €359.9 million generated in Q4 2023. Additionally, the FY24 numbers show a revenue of €1.7 billion ($1.78 billion), which is an 18% increase when compared to FY23.
Additionally, the report shows that the Super Group has also surpassed its Q3 2024 revenue, being that the company generated €402.9 million during the third quarter.
In terms of adjusted EBITDA, the company generated €118.1 million in Q4 2024, which in turn represents a positive trajectory of 111.4% when compared to Q4 2023. From here, the monthly average customers also increased to €5.3 million for Q4, or by 12% year-on-year.
Moreover, when compared to FY23, the FY24 €1.7 billion generated in revenue reveals an increase of 18%, a number that is further complemented by an increase of 167% in profit before taxes.
The number of monthly average customers for 2024 also spiked from 4 million in 2023 to 4.8 million this year, with adjusted EBITDA (with the exception of the US market) reaching €391.1 million.
When it comes to adjusted EBITDA for the United States, the company posted a loss of €60.8 million for 2024, consequently reporting an overall EBITDA during 2024 of €330.3. million.
Lastly, the company also revealed its financial projections for the upcoming 2025 fiscal year. Namely, Super Group expects total revenue of €1.83 billion, this is excluding the US market, along with a €435 million EBITDA projection.
From here, the company expects total revenue of €85 million from the US market alone, anticipating an EBITDA from the region in the vicinity of €30 million and €35 million. All of this combined means that the Super Group expects to rake in €1.92 billion in total revenue for 2025, with adjusted EBITDA hitting €400 million.
Neal Menashe, CEO of Super Group, commented on the financial report and highlighted the company’s “phenomenal” results in 2024:
The company made phenomenal progress in 2024, and we are proud of our strong finish to the year and the record-setting performance across the business. In December, we declared a special dividend, bringing our total 2024 shareholder returns to over $125m, and going forward, I’m pleased to announce that we plan to increase our minimum quarterly dividend target to 4.0 cents per share up from 2.5 cents, in line with our commitment to continue returning excess cash to our shareholders. As we begin 2025, we are deeply focused on our key growth markets, offering a highly bespoke and localized product, maintaining a lean cost base and having a significant marketing budget ready for the right investment opportunities. We believe that Super Group is in an excellent position to build on last year’s success, and we look forward to another year of solid growth.
