- Expected to surpass previously issued full-year guidance for
ex-US Total Revenue and Adjusted EBITDA
- Anticipated to achieve new quarterly and full-year records
for Total Revenue and Adjusted EBITDA
Super Group (SGHC) Limited (NYSE: SGHC) (the “Group” or “Super
Group”), the parent company of Betway, a leading online sports
betting and gaming business and Spin, the multi-brand online
casino, today provided an update on its preliminary, unaudited
fourth quarter and full-year 2024 performance.
The Group is pleased to announce that Q4 2024 is expected to be
its strongest ever ex-US quarter with Total Revenue of ~€486
million and Adjusted EBITDA, a non-GAAP financial measure, of
between €125 million and €130 million. During the quarter the Group
projects to have set a number of new monthly ex-US records, with
December being particularly impressive, achieving new highs for
deposits and Total Revenue.
For the full-year, the Group expects to have surpassed its
previously issued ex-US guidance targets of Total Revenue of €1.60
billion and Adjusted EBITDA of greater than €360 million.
New ex-US records were also expected to have been achieved in
2024 for both Total Revenue and Adjusted EBITDA, with Total Revenue
growing by ~18% to ~€1.66 billion and Adjusted EBITDA growing by
more than 50%, anticipated to be between €387 million and €392
million, a margin of greater than 23%.
The developing U.S. business is also anticipated to have
delivered new records in the fourth quarter – October was an
all-time high for Total Revenue, which was subsequently surpassed
in both November and December. The expected Q4 2024 investment into
the U.S. business is ~€11 million, which would bring the total
investment for the year to ~€61 million. Given the reduced
footprint and sole focus on iGaming in the U.S., this investment is
expected to reduce materially in 2025.
Chief Executive Officer Neal Menashe commented: “I’m proud to
have ended 2024 on a high, with new records expected for both Total
Revenue and Adjusted EBITDA. This momentum has continued into the
start of 2025, setting a solid foundation for the year ahead. I
would like to thank the global Super Group team for an excellent
2024, and I look forward to an even better 2025.”
A more detailed update, including a full reconciliation of any
non-GAAP measure to the most comparable IFRS financial measure
(corresponding GAAP metric) will be provided when the Group reports
its fourth quarter and full-year 2024 earnings in February.
About Super Group Super Group (SGHC) Limited is the
holding company for leading global online sports betting and gaming
businesses: Betway, a premier online sports betting brand, and
Spin, a multi-brand online casino offering. The Group is licensed
in multiple jurisdictions, with leading positions in key markets
throughout Europe, the Americas and Africa. The Group’s sports
betting and online gaming offerings are underpinned by its scale
and leading technology, enabling fast and effective entry into new
markets. Its proprietary marketing and data analytics engine
empowers it to responsibly provide a unique and personalized
customer experience. Super Group has been ranked number 6 in the
EGR Power 50 for the last three years. For more information, visit
www.sghc.com.
Preliminary Financial Results The financial results
included in this press release are preliminary, have not been
audited and are subject to change upon completion of the audit of
Super Group’s financial statements for the year ended December 31,
2024. As a result, these preliminary results may be different from
the actual results that will be reflected in Super Group’s
consolidated financial statements to be included as part of Super
Group’s Annual Report on Form 20-F for the year ended December 31,
2024 to be filed with the U.S. Securities and Exchange Commission
(the “SEC”).
Non-GAAP Financial Information This press release
includes non-GAAP financial information not presented in accordance
with the International Financial Reporting Standards as issued by
the International Accounting Standards Board (“IASB”, hereafter
“IFRS”).
Adjusted EBITDA is a non-GAAP company-specific performance
measure that Super Group uses to supplement the Group’s results
presented in accordance with IFRS. EBITDA is defined as profit
before depreciation, amortization, finance income, finance expense
and income tax expense/credit. Adjusted EBITDA is EBITDA adjusted
for RSU expense, change in fair value of options, unrealized
foreign exchange, gain on disposal of business, impairment of
assets, US sportsbook closure, market closure and other
adjustments. Adjusted EBITDA, ex-US is Adjusted EBITDA relating to
the rest the group, excluding Digital Gaming Corporation ('DGC').
Adjusted EBITDA, US is Adjusted EBITDA relating to the DGC.
Super Group believes that these non-GAAP measures are useful in
evaluating the Group’s operating performance as they are similar to
measures reported by the Group’s public competitors and are
regularly used by securities analysts, institutional investors and
other interested parties in analyzing operating performance and
prospects.
Management does not consider these non-GAAP measures in
isolation or as an alternative to financial measures determined in
accordance with IFRS. The principal limitation of these non-GAAP
financial measures is that it excludes significant expenses that
are required by IFRS to be recorded in Super Group’s financial
statements. Non-GAAP measures should be considered in addition to
results and guidance prepared in accordance with IFRS, but should
not be considered a substitute for, or superior to, IFRS
results.
We do not provide a reconciliation of Adjusted EBITDA to the
most comparable IFRS financial measure (corresponding GAAP metric)
on a forward-looking basis because we are unable to forecast
certain items required to develop meaningful comparable GAAP
financial measures without unreasonable efforts.
Super Group urges investors to review the reconciliation in the
Group’s upcoming press release announcing financial results for the
fourth quarter and full-year 2024 performance and the Group’s
upcoming Annual Report on Form 20-F for the year ended December 31,
2024 and not to rely on any single financial measure to evaluate
its business. In addition, other companies, including companies in
Super Group’s industry, may calculate similarly named non-GAAP
measures differently than Super Group, which limits their
usefulness in comparing Super Group’s financial results with
theirs.
Forward-Looking Statements Certain statements made in
this press release are “forward looking statements” within the
meaning of the “safe harbor” provisions of the United States
Private Securities Litigation Reform Act of 1995. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “pipeline,” “may,”
“should,” “will,” “would,” “will be,” “will continue,” “will likely
result,” and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to those under the heading “Risk Factors” in Super Group’s
Annual Report on Form 20-F filed with the SEC on April 25, 2024,
and in Super Group’s other filings with the SEC. Forward-looking
statements speak only as of the date they are made. Readers are
cautioned not to put undue reliance on forward-looking statements,
and Super Group assumes no obligation and does not intend to update
or revise these forward-looking statements, whether as a result of
new information, future events, or otherwise. Super Group does not
give any assurance that it will achieve its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20250122374044/en/
Investors: investors@sghc.com
Media: media@sghc.com
Super Group SGHC (NYSE:SGHC)
過去 株価チャート
から 12 2024 まで 1 2025
Super Group SGHC (NYSE:SGHC)
過去 株価チャート
から 1 2024 まで 1 2025
