Super Group sets a new record for first-quarter revenue.

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Super Group has experienced significant financial success thanks to key business decisions, resulting in a record revenue for the first quarter of 2024. The parent company of the well-known sports betting and online casino brand, Betway, reported a revenue of €379.3 million in its unaudited first-quarter report. In the first three months of 2024, the company achieved a profit of €41 million, including a pre-tax gain of €40.1 million from the sale of its DGC B2B division. CEO Neal Menashe praised these

results, noting that the financial momentum from the end of 2023 continued into 2024. stated Menashe. Super Group's Chief Financial Officer, Alinda van Wyk, also expressed satisfaction, noting that the company's investments in high-growth areas are projected to continue yielding positive results throughout 2024. This strategy is expected to help Super Group meet and exceed its financial goals. The record revenue was largely driven by growth in Africa and North America, with Canada being a focal point. However, the company did acknowledge a decline in other regions, including Asia-Pacific and the Middle East. Super Group reported a 33% increase in Monthly Active Customers (MACs) to 4.7 million for the quarter, up from 3.5 million in Q1 2023. At the same time, Super Group agreed to pay €140 million to acquire sports betting software technology from Apricot, with additional payments based on financial performance. This acquisition positions Super Group as the sole controller of the Apricot-developed software, aligning with its goal to manage its own sports betting technology and tailor it to meet the specific needs of global markets.