Super Group Breaks Q4 data, Remains Optimistic About Future
Quarterly Results and Full Year 2022 Financial Summary Revealed by Leading Collective
Gambling giant, Super Group, has revealed its preliminary Q4 and full-year 2022 financial results, showing a slight dip but still maintaining a strong position. The company's Q4 revenue clocked in at approximately $353 million, a minor decrease from the $365 million seen in 2021.
Super Group's Q4 financial highlights show a small year-on-year decline in revenue, but the figure is still impressive. Profit before tax hit $41 million, falling behind the Q4 2021 results. EBITDA took a plunge from $89 million in Q4 2021 to $60 million in Q4 2022. However, operational EBITDA dropped by 39% to around $45 million. Despite the financial metrics taking a hit, Super Group reported an increase in its monthly average customers, reaching 3.4 million in Q4 2022 - a surge from 2.9 million in the previous year.
Moving on to the full-year 2022 results, Super Group recorded revenue of $1.38 billion, just below the 2021 figures. Profits before tax for 2022 amounted to $250.5 million, surpassing those recorded in 2021. EBITDA stood at around $320 million, falling short of exceeding the 2021 results. Operational EBITDA, however, dipped by 31% to 223.5 million. The company reported 2.9 million monthly average customers in 2022, eclipsing the 2.6 million seen in 2021. Super Group ended the year with unrestricted cash of $273 million.
Super Group's Post-Reorganization Journey
2022 marked the conclusion of Super Group's reorganization efforts following an agreement with Sports Entertainment Acquisition Corp. The latter company also acquired a majority ownership interest in Jumpman Gaming. Super Group's CEO, Neal Menashe, expressed optimism about the company's status, calling Super Group a "leading global pure-play sports betting and online casino company." Menuashe highlighted that optimization and expansion remain the company's top priorities.
CFO Alinda van Wyk spoke of the company's financial strength and reiterated Super Group's commitment to running the business profitably while investing in technology and marketing. Wyk emphasized that the company will strive to improve operational efficiency in 2023 to enhance scale and operating margins going forward.
Super Group commenced 2023 with the acquisition of Digital Gaming Corporation Limited and later announced a repurchase of up to $25 million of Super Group ordinary shares. The company also parted ways with Alan Alger. While recent specific developments and future plans beyond these moves are not detailed in the provided search results, monitoring financial news platforms, official company announcements, or reaching out to their investor relations department would be advisable for further updates.
- Super Group, a leading global pure-play sports betting and online casino company, revealed its Q4 and full-year 2022 financial results, showing a minor decrease in revenue yet maintaining a strong position in the industry.
- The Q4 revenue clocked in at approximately $353 million, a slight decrease from the $365 million seen in 2021, while the year-on-year decline in revenue is still impressive.
- In casino-and-gambling, Super Group reported an increase in its monthly average customers, reaching 3.4 million in Q4 2022 - a surge from 2.9 million in the previous year.
- Moving on to the full-year 2022 results, despite a slight drop, Super Group recorded revenue of $1.38 billion, with profits before tax amounting to $250.5 million, and EBITDA standing at around $320 million.
- The company ended the year with unrestricted cash of $273 million, marking the conclusion of Super Group's reorganization efforts following an agreement with Sports Entertainment Acquisition Corp.
- Super Group plans to improve operational efficiency in 2023 to enhance scale and operating margins, while its CFO emphasized the company's commitment to running the business profitably, investing in technology, and marketing.
