The global sports betting and online casino company announced a 9.4% year-over-year revenue spike to $458.2 million in Q4.
Super Group’s strong fourth quarter in 2023 and record full-year revenue had the owners of Betway beaming about surpassing guidance on Wednesday. Betway accounted for 55% of the profits with the remaining portion coming from online casino Spin.
However, customer growth and a 22% year-over-year jump in online casino revenue helped balance out the sportsbook’s struggles. Adjusted EBITDA was down 19% compared to 2022. Loss before tax was over $57 million in Q4 compared to a profit before tax of $26.8 million in the final quarter of 2022.Revenue soared to an all-time high of $1.78 billion, up 11% year-over-year, for Super Group in 2023.
“We are confident that we will achieve the double-digit top-line growth that we are projecting for 2024,” Menashe said.
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