{"id":259,"date":"2024-06-27T02:43:20","date_gmt":"2024-06-26T23:43:20","guid":{"rendered":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/"},"modified":"2024-06-27T02:43:20","modified_gmt":"2024-06-26T23:43:20","slug":"super-group-revenue-soars-in-q3-but-us-market-lags","status":"publish","type":"post","link":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/","title":{"rendered":"Super Group Revenue Soars in Q3, but US Market Lags"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/re54aT-WxE8\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>During the final three months of 2023, Super Group hit a peak in earnings, but its financial success in the United States was still restricted.<\/p>\n<p>Super Group&#8217;s income in the last quarter of 2023 jumped by 16% compared to the same period last year, reaching \u20ac356.9 million ($380.6 million\/\u00a3310.4 million). The company attributed this rise to expansion in the African and Middle Eastern, European, and North American regions.  When considering stable exchange rates, revenue climbed by 27% to \u20ac390.8 million.<\/p>\n<p>North America remains its most significant market, contributing 38% of its total income. However, this represents a decrease from 40% in the second quarter of 2022. In dollar terms, North American revenue grew by 9% year-on-year to \u20ac134 million, despite a slight dip in its Spin division. Africa and the Middle East now make up 28% of the business, compared to just 23% a year earlier.<\/p>\n<p>However, these gains were partially offset by decreases in South America and the Asia-Pacific region.<\/p>\n<p>Online casinos continue to be Super Group&#8217;s largest segment, accounting for 62% of overall revenue. Online casino revenue increased by 12% year-on-year to \u20ac219 million.<\/p>\n<p>Super Group&#8217;s global monthly active users rose by 44% during the period, from 2.7 million in the third quarter of 2022 to 4 million. <\/p>\n<p>The head honcho of Super Group, Neil Menash, declared that the firm had a prosperous period, boasting record earnings in the third quarter, as well as record customer figures and deposits. Menash was happy with the robust customer interaction and ongoing expansion of the worldwide gambling enterprise.<\/p>\n<p>Despite the 16% increase in revenue, Super Group&#8217;s operational costs also rose considerably, with marketing expenditures being a significant burden. Direct and marketing costs climbed 19% year-on-year to $270.8 million in the quarter. Consequently, this portion of expenses accounted for 76% of Super Group&#8217;s total income, compared to 74% in the second quarter of 2022.<\/p>\n<p>Super Group&#8217;s operating EBITDA for the third quarter of 2023 was \u20ac53.8 million, an 8% year-on-year rise. Of this, \u20ac64.1 million was contributed by areas outside the United States, while the US market experienced a loss of \u20ac10.3 million.<\/p>\n<p>The period&#8217;s profit was \u20ac10.6 million, which incorporated a \u20ac14.2 million non-cash expense associated with the acquisition of the digital gaming company (DGC) in January 2023. This expense originated from the increase in the fair value of the liability granted to a third party for the purchase option of the DGC B2B division. The profit figure was considerably lower than the third quarter of 2023, despite the positive impact of a \u20ac22 million non-cash adjustment in the prior period.<\/p>\n<p>Super Group&#8217;s chief financial officer, Elinda van Wyk, stated that the company will continue to focus on investing in future growth and further realizing cost efficiencies. <\/p>\n<p>While facing some challenges this quarter, we are confirming our outlook, anticipating that profit margins will stabilize in the remaining months.<\/p>\n<p>Super Group&#8217;s income surpassed the \u20ac1 billion threshold. During the initial nine months of the year, Super Group&#8217;s income exceeded \u20ac1 billion. Income reached \u20ac1.08 billion, representing an 11% increase compared to the same period in 2022. North American income decreased by 3% year-on-year to $401.3 million.<\/p>\n<p>Operating and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in 2023 are comparable to 2023. Due to some unique occurrences, such as Super Group&#8217;s listing on the New York Stock Exchange in 2022, EBITDA and profitability comparisons offer limited insightful data.<\/p>\n<p>In October 2023, Super Group declared that it had discontinued providing any services to the Indian market due to modifications in the Indian Goods and Services Tax. However, the company stated that the withdrawal would not impact its financial predictions for the year.<\/p>\n<p>Sign up for the iGaming News newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>During the final three months of 2023, Super Group hit a peak in earnings, but its financial success in the United States was still restricted. Super Group&#8217;s income in the last quarter of 2023 jumped by 16% compared to the same period last year, reaching \u20ac356.9 million ($380.6 million\/\u00a3310.4 million). The company attributed this rise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Super Group Soars: Q4 Earnings Up 16%<\/title>\n<meta name=\"description\" content=\"Super Group\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Super Group Revenue Soars in Q3, but US Market Lags\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Super Group\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T23:43:20+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/\",\"url\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/\",\"name\":\"Super Group Soars: Q4 Earnings Up 16%\",\"isPartOf\":{\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-26T23:43:20+00:00\",\"dateModified\":\"2024-06-26T23:43:20+00:00\",\"author\":{\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Super Group\",\"breadcrumb\":{\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Super Group Revenue Soars in Q3, but US Market Lags\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/\",\"name\":\"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure\",\"description\":\"Dive into the thrilling world of online gambling with our fresh casino news, detailed game reviews, and informative articles. Our licensed casino is your ultimate gaming destination.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Super Group Soars: Q4 Earnings Up 16%","description":"Super Group","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/","og_locale":"en_GB","og_type":"article","og_title":"Super Group Revenue Soars in Q3, but US Market Lags","og_description":"Super Group","og_url":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/","og_site_name":"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure","article_published_time":"2024-06-26T23:43:20+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/","url":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/","name":"Super Group Soars: Q4 Earnings Up 16%","isPartOf":{"@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#website"},"datePublished":"2024-06-26T23:43:20+00:00","dateModified":"2024-06-26T23:43:20+00:00","author":{"@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Super Group","breadcrumb":{"@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/27\/super-group-revenue-soars-in-q3-but-us-market-lags\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/lionslotsnodepositbonuscodes.icu\/"},{"@type":"ListItem","position":2,"name":"Super Group Revenue Soars in Q3, but US Market Lags"}]},{"@type":"WebSite","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#website","url":"https:\/\/lionslotsnodepositbonuscodes.icu\/","name":"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure","description":"Dive into the thrilling world of online gambling with our fresh casino news, detailed game reviews, and informative articles. Our licensed casino is your ultimate gaming destination.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lionslotsnodepositbonuscodes.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/lionslotsnodepositbonuscodes.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/259"}],"collection":[{"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/comments?post=259"}],"version-history":[{"count":0,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/259\/revisions"}],"wp:attachment":[{"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/media?parent=259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/categories?post=259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/tags?post=259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}