{"id":6073,"date":"2023-11-10T06:15:51","date_gmt":"2023-11-10T06:15:51","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/11\/10\/super-group-reports-robust-q3-earnings-with-e356-9m-revenue-boost\/"},"modified":"2023-11-10T06:15:51","modified_gmt":"2023-11-10T06:15:51","slug":"super-group-reports-robust-q3-earnings-with-e356-9m-revenue-boost","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/11\/10\/super-group-reports-robust-q3-earnings-with-e356-9m-revenue-boost\/","title":{"rendered":"Super Group Reports Robust Q3 Earnings with \u20ac356.9m Revenue Boost"},"content":{"rendered":"<div>\n<p>Super Group, the parent business of well-known brands Spin and Betway, recorded a notable 16% year-over-year increase in revenue, hitting \u20ac356.9 million, in a fantastic third-quarter performance. Strong markets in North America, Europe, and Africa and the Middle East were the main drivers of this noteworthy expansion, which saw sales soar by 27% to \u20ac390.8 million in constant currency.<\/p>\n<p>With 38% of total sales, North America remained the largest market, but at a slightly lower rate than the 40% it had in Q2 2022. In dollar terms, North American sales increased by 9% YoY to \u20ac134.0 million, despite a little decline in its Spin business. Africa and the Middle East, on the other hand, made significant strides, currently generating 28% of the company annually as opposed to 23% a year ago.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Kats Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/10\/kats-casino-1.jpg\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Kats Casino\" target=\"_blank\" rel=\"nofollow noopener\">Kats Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>250% Extra +<strong> $125 Free Chip<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 250% + $125 Free Chip<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>However, these positive developments were somewhat offset by setbacks in the South\/Latin America and Asia-Pacific markets.<\/p>\n<h2>Segment Performance and Customer Growth<\/h2>\n<p>With online casinos accounting for 62% of Super Group\u2019s overall income, this category emerged as the leader. The online casino industry saw a respectable YoY revenue rise of 12%, reaching \u20ac219.0 million. During that time, Super Group\u2019s Global Monthly Active Customers increased by an astounding 44% to 4.0 million.<\/p>\n<p>Neal Menashe, CEO of Super Group, expressed satisfaction with the results, stating, <em>\u201cSuper Group has delivered yet another quarter of solid results, having achieved our highest ever revenue for a third quarter.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Kats Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/10\/kats-casino-1.jpg\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Kats Casino\" target=\"_blank\" rel=\"nofollow noopener\">Kats Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>250% Extra +<strong> $125 Free Chip<\/strong>!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 250% + $125 Free Chip<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Super Group faced difficulties in light of growing marketing expenses despite the company\u2019s strong sales growth. From 74% in Q2 2022 to $270.8 million, which represents 76% of total sales, direct and marketing costs increased by 19% YoY.<\/p>\n<p>In Q32023, operational EBITDA increased 8% year over year to \u20ac53.8 million. The amount includes a \u20ac10.3 million loss in the US and \u20ac64.1 million ex-US.<\/p>\n<p>Super Group reached a noteworthy milestone when its sales for the first nine months of the year exceeded \u20ac1 billion, coming in at \u20ac1.08 billion, an 11% YoY increase. Revenue in North America dropped 3% year over year to $401.3 million.<\/p>\n<p>Speaking on the future, Super Group\u2019s CFO, Alinda van Wyk, emphasized the company\u2019s focus on \u201cinvesting for future growth and the further realization of cost efficiencies,\u201d while also restating their projections for the remaining portion of the year.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/super-group-reports-robust-q3-earnings-with-e356-9m-revenue-boost\/\">Super Group Reports Robust Q3 Earnings with \u20ac356.9m Revenue Boost<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Super Group, the parent business of well-known brands Spin and Betway, recorded a notable 16% year-over-year increase in revenue, hitting \u20ac356.9 million, in a fantastic third-quarter performance. Strong markets in North America, Europe, and Africa and the Middle East were the main drivers of this noteworthy expansion, which saw sales soar by 27% to \u20ac390.8 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-6073","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=6073"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6073\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=6073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=6073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=6073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}