Super Group (SGHC) Ltd Stock Price, News & Analysis

Super Group (SGHC) Limited, the parent company of Betway and Spin, will report its third-quarter financial results for the period ending September 30, 2022, on November 22, 2022, prior to the U.S. market opening. A conference call and webcast will follow at 8:30 a.m. ET to discuss these results. The company is recognized for its strong position in the online sports betting and gaming industry, leveraging advanced technology for market entry and customer experience.

Super Group (SGHC) Limited, the parent company of Betway and Spin, announced participation in two investor conferences: Susquehanna Financial Group’s Virtual Gambling and Tech Ecosystem Forum on September 7, 2022, and Benchmark Company’s Consumer/Media/Entertainment Investor Conference on September 8, 2022. These events aim to connect executive management with investors. Super Group operates within multiple jurisdictions, focusing on sports betting and online gaming in Europe, the Americas, and Africa. More information can be found on their Investor Relations website.

Super Group (SGHC) Limited reported a 10% decrease in revenue to €320.8 million for Q2 2022, primarily due to a decline in online casino revenue. Despite this, profit after tax surged to €298.6 million from €63.9 million year-over-year, bolstered by non-cash fair value gains. Adjusted EBITDA also fell 30% to €63.6 million, reflecting increased financial discipline amid macroeconomic challenges. Monthly active users grew by 3% to 2.7 million. Cash equivalents stood at €220.0 million as of June 30, 2022.

Super Group (SGHC) Limited is set to release its financial results for Q2 2022 on August 11, 2022, before the U.S. stock market opens. A conference call is scheduled for 8:30 a.m. ET to discuss results and provide updated financial guidance. CEO Neal Menashe emphasized the company’s commitment to delivering top-notch entertainment to the global sports betting community. Super Group operates multiple brands, including Betway and Spin, and is licensed in key markets across Europe, the Americas, and Africa, leveraging technology for market entry and customer experience.

Super Group (SGHC) Limited reported Q1 2022 results showing a revenue increase of 7% to €334.5 million, driven by African and Asia-Pacific markets. However, the company faced a loss after tax of €163.2 million, largely due to €201.5 million in costs from its recent business combination with Sports Entertainment Acquisition Corp. Adjusted EBITDA rose 14% to €61.5 million. Cash reserves grew by 39% year-over-year, totaling €272.7 million. Despite industry headwinds, Super Group aims to expand its market presence through new partnerships and product offerings.

Super Group (SGHC) Limited has announced the appointment of Natara Holloway and Jonathan Jossel to its Board of Directors, effective immediately. This increases the independent Board members to nine. Holloway previously chaired the Audit Committee for Sports Entertainment Acquisition Corp and worked nearly two decades with the NFL, while Jossel is the CEO of Plaza Hotel & Casino, bringing extensive gaming industry experience. CEO Neal Menashe expressed optimism that their expertise will enhance Super Group's global growth strategy.

Super Group (SGHC) Limited (NYSE: SGHC) will announce its financial results for the first quarter ending March 31, 2022, on May 25, 2022, prior to U.S. market opening. A conference call and webcast will follow at 8:30 a.m. ET on the same day to discuss the results. With operations in Europe, the Americas, and Africa, Super Group is a key player in the online sports betting and gaming sector, operating leading brands like Betway and Spin. The presentation will cover the company's performance metrics and future outlook.

Super Group (SGHC) Limited reported a significant 45% revenue increase in FY 2021, totaling €1.32 billion, alongside a 58% rise in profit to €235.9 million. The company achieved an Adjusted EBITDA of €289.5 million, reflecting a 60% growth year-over-year. Monthly average customers surged by 75%, reaching 2.62 million. The firm has expanded its market presence with 70 active partnerships across 17 countries, despite facing regulatory challenges in Europe. The company listed on NYSE in January 2022, marking a significant milestone.

Super Group (SGHC) Limited has appointed Lisa A. Kampf as the new Vice President of Investor Relations, reporting directly to CEO Neal Menashe. Kampf brings extensive experience from her previous roles at Ambac Financial Group and other financial institutions, underscoring her expertise in investor relations and capital markets. Menashe expressed enthusiasm for her arrival as Super Group navigates its public company journey, emphasizing the need for effective investor communication to enhance shareholder value.