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

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.

Super Group (SGHC) Limited, parent company of Betway and Spin, is set to release its full year 2021 financial results on April 13, prior to the U.S. stock market opening. A management webcast will take place at 8:30 a.m. ET for discussion of results. Super Group operates in online sports betting and gaming with licenses in multiple jurisdictions, highlighting its strong market position in Europe, Americas, and Africa. The company leverages advanced technology and data analytics to enhance customer experience.

Super Group (SGHC) Limited has filed a registration statement on Form F-1 with the SEC to register for potential resale of ordinary shares and warrants held by certain securityholders. This follows the company's business combination with Sports Entertainment Acquisition Corp. on January 27, 2022. The registration does not involve the sale of additional securities by Super Group and is in accordance with a prior registration rights agreement. The statement is pending effectiveness, and no sales can occur until it is effective.

Super Group (SGHC) Limited, the parent company of Betway and Spin, announced that its management will engage in a fireside chat at the Bank of America Sports Betting & Online Gaming Field Trip Conference. CEO Neal Menashe and COO Richard Hasson will participate in the discussion hosted by BofA Securities' Shaun Kelly on March 10, 2022, at 9:15 AM ET. Investors can access the live webcast through the Super Group Investor Relations website. Super Group is a global leader in online sports betting and gaming, operating in key markets across Europe, the Americas, and Africa.

Super Group (SGHC) Limited has reported preliminary financial results for full year 2021, showing a significant increase in Net Gaming Revenue (NGR) of over $1,520 million, a 36% rise year-over-year. Estimated EBITDA exceeded $350 million, reflecting strong growth in existing and new markets despite some industry challenges. The Betway brand is live in five U.S. states with additional market access expected, and the company plans to expand further in 2022. Full financial results will be announced in April.