Super Group issues business update, raises revenue guidance to $1.67 billion

Super Group, the parent company of Betway and Spin, has issued a business update following a "strong performance" in the first two months of Q4 2024.

Super Group is raising its prior full-year 2024 total revenue guidance from €1.55 billion ($1.62 billion) to €1.6 billion ($1.67 billion), and its ex-US Adjusted EBITDA guidance from greater than €345 million ($362 million) to at least €360 million ($378 million).

In light of the company’s performance, Super Group’s Board of Directors has declared a special cash dividend on its ordinary shares of 15¢ per share, payable on 8th January 2025 to shareholders of record as of the close of business on 23rd December 2024. 

This dividend, combined with the initial 2024 dividend of 10¢ per share paid in July, takes the total shareholder dividend declared for 2024 to 25¢ per share. The company also reiterated its intention to begin paying a regular quarterly dividend, subject to Board approval, in 2025.

Chief Executive Officer Neal Menashe commented: “I’m very proud of our performance this year and delighted we are in a position to raise our full-year revenue and ex-US Adjusted EBITDA guidance again while announcing another dividend for 2024. 

“We have consistently said that we will consider returning excess cash to shareholders, and the outstanding performance of the business throughout 2024 alongside the continued strength of our balance sheet, has given us the platform to be able to do this. It has been a super year for Super Group and we look forward to building on this success as we move into 2025.”