Super Group hit quarterly financial records in Q2 2024 following its decision to exit the US sports betting market. The Betway operator reported record revenue of €414.7m [$453.2m] in Q2, representing a 9% increase from 2023. This was primarily driven by growth in its Canadian and African operations, partially offset by declines in the Middle East and Asia-Pacific.
The business opted to return capital to shareholders through its first ever dividend, highlighting its debt-free balance sheet.
CEO Neal Menashe said: “The second quarter of 2024 was our strongest quarter ever and demonstrates the exceptional progress we continue to make as a business…”
The firm’s revenue resulted in Q2 adjusted EBITDA of €81.9m [$89.5m], up 9% from the same period the previous year.
