Betway owner Super Group hits record Q1 revenue, will acquire tech platform

Photo: By --Steindy (talk) 16:15, 29 August 2019 (UTC) - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=81700157

Betway owner Super Group hits record Q1 revenue, will acquire tech platform

Article brief provided by iGaming Business
  • Kyle Goldsmith, iGaming Business
May 9, 2024 7:33 PM
  • Kyle Goldsmith, iGaming Business

Betway operator Super Group has reported Q1 revenues of €379.3m ($407.6m), its highest ever in a first quarter as it announced an agreement to fully acquire its sportsbook technology platform.

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Super Group’s revenue total for Q1 is 5.4% up on the €359.9m generated in the final quarter of 2024. It was also a 12.1% hike on the first quarter of 2023.

Super Group attributed the rise in revenue to growth in Africa and North America. Super Group’s Africa and Middle East revenue was 58.9% up year-on-year, while North America’s figure was an 8.2% rise. Africa now accounts for 38% of Super Group’s revenue from 27% in Q1 2023. However, Super Group did note decreases in its Middle East and Asia-Pacific markets.