Summary
- Super Group has released its financial report for the first quarter.
- The company reported growth in revenue, profit, adjusted EBITDA, and the number of monthly active customers.
- Super Group's executives express their enthusiasm.
Super Group Limited, the parent company of Betway—a prominent online sports betting and casino operator—has published its latest financial report. Last week, the company revealed a robust increase in revenue for the first quarter of 2025.
The company reported outstanding results for the first quarter of the year
According to the latest unaudited report, Super Group's revenue surged to $516.8 million in the first quarter of 2025. This marks a substantial 25% increase compared to the $411.9 million reported during the same period last year. The boost in revenue was largely fueled by strong performances in North America, Europe, and Africa. However, this gain was somewhat offset by declines in the Asia-Pacific, Latin American, and Middle Eastern markets. As anticipated, the company's profit also rose, reaching $59.4 million in the first quarter this year. This compares to a profit of $44.6 million for the first quarter of 2024. The company noted that the 2024 profit included a $43.6 million gain from the sale of the B2B division of Digital Gaming Corporation Limited and a non-cash charge of $14.3 million related to an increase in the fair value of option liability. Adjusted EBITDA for the first quarter also saw a notable rise. According to Super Group's recent report, adjusted EBITDA reached $111.1 million, representing a 120% year-over-year increase. Additionally, Super Group experienced a significant rise in the number of monthly active customers. The company reported 5.3 million monthly active users in the first quarter of this year, a 14% increase from the same period in 2024.
Super Group starts 2025 "on a high note"
Alinda van Wyk, the Chief Financial Officer of Super Group, stated:
