With record Q3, Betway parent Super Group hits €1B mark for 2023

With record Q3, Betway parent Super Group hits €1B mark for 2023

Article brief provided by iGaming Business
  • Richard Mulligan, iGaming Business
November 9, 2023 8:03 PM
  • Richard Mulligan, iGaming Business

Super Group, the owner of Betway and Spin, saw revenue increase by 16% year-on-year to €356.9m ($380.6m) for the third quarter. This was, it said, driven by growth from Africa & Middle East, European and North American markets. Revenue was up 27% to €390.8m by constant currency.

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North America remains its largest market, accounting for 38% of revenue. However, this figure was down from the 40% it comprised in Q2 2022. In dollar terms, North American revenue was up 9% year-on-year to €134.0m despite a slight fall within its Spin segment. Africa & Middle East now accounts for 28% of business, compared to just 23% a year ago.

However, those gains were partially offset by declines from the South/Latin America and Asia-Pacific markets.