Super Group, the parent company of Betway and Spin, is gearing up for a strong 2025 after delivering a record-setting fourth-quarter performance in 2024. The company reported its highest-ever Q4 revenue of €500 million, marking an impressive 39% increase year-on-year. This strong quarter helped push full-year revenue to €1.7 billion, an 18% rise from 2023’s €1.4 billion.
The company also exceeded its full-year, ex-US adjusted EBITDA guidance, reporting €391.1 million, with €128.8 million coming from Q4 alone. This performance reflects Super Group’s ability to scale operations effectively and capitalise on market growth.
Chief Financial Officer Alinda van Wyk expressed confidence in the company’s growth trajectory, emphasizing that 2025 is set to continue this upward momentum.
“We are pleased to see continued momentum into 2025 and anticipate another year of double-digit growth across both total revenue and adjusted EBITDA,” she stated.
Super Group’s US operations underwent a strategic shift in 2024, with the company pulling out of the sportsbook market to focus solely on iGaming. This move significantly reduces the company’s investment burden in the region, with US-related spending dropping from €61 million in 2024 to a considerably lower amount in 2025.
Looking ahead, Super Group expects ex-US revenue of more than €1.83 billion and adjusted EBITDA of over €435 million. In the US, its iGaming business is projected to generate €85 million in revenue, with adjusted EBITDA between €30 million and €35 million. Altogether, the company is forecasting total revenue of over €1.92 billion and adjusted EBITDA exceeding €400 million for 2025.
Neal Menashe, CEO of Super Group, reflected on the company’s stellar performance, stating,
“Super Group made phenomenal progress in 2024, and we are proud of our strong finish to the year and the record-setting performance across the business.”
With record-breaking financials, a refined market strategy, and continued expansion, Super Group is positioning itself for another successful year in 2025.