Super Group Reports Record Performance And Analyst Perspectives
$SGHC
Super Group (NYSE:SGHC), the parent company of leading online sports betting and gaming platforms Betway and Spin, has recently shared insights into its financial performance for the fourth quarter and the full year of 2024, while also providing a look into Wall Street’s perspective on the company’s stock.
For the fourth quarter of 2024, Super Group reported its performance outside the United States, with total revenue reaching approximately €486 million. The adjusted EBITDA for this period is expected to fall between €125 million and €130 million, surpassing the company’s initial guidance and setting new monthly records for December. This marks significant growth in both deposits and total revenue.
For the entire year, Super Group anticipates an 18% increase in total revenue, reaching approximately €1.66 billion, with adjusted EBITDA projected to rise more than 50%, between €387 million and €392 million, reflecting a strong margin of over 23%. The US business also performed well, setting new revenue records in the last months of the year. CEO Neal Menashe expressed pride in the company’s performance, highlighting the solid foundation laid for continued success in 2025.
Turning to analyst perspectives, Super Group’s stock has garnered attention on Wall Street. The company holds an average brokerage recommendation (ABR) of 1.75 according to assessments from four brokerage firms. However, the stock’s performance is also influenced by earnings estimate revisions, a critical factor in the Zacks Rank, which uses quantitative models to predict potential price movements. Currently, Super Group holds a Zacks Rank of #3 (Hold), reflecting a stable outlook based on recent earnings estimates.
As Super Group continues to perform in the competitive landscape of online sports betting and gaming, the company’ growth and the insights provided by analysts offer valuable information on its future potential. With new records set and a promising start to 2025, Super Group appears well-positioned to maintain its growth trajectory and market presence in the coming years.
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