Super Group Skyrockets 17% After Record-Breaking Q4 -- Is This Just the Beginning?

Blowing past expectations, Super Group delivers massive growth, trims U.S. spending, and sets the stage for a breakout 2025.

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Jan 24, 2025
Summary
  • SGHC crushed Q4, posted record revenue, and surged 17%—but can it keep the momentum in 2025?
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Super Group (SGHC, Financial) just posted a monster Q4, smashing expectations with record-breaking revenue and profitability outside the U.S. The company expects ex-US Total Revenue to hit around €486 million, with Adjusted EBITDA landing between €125-130 million—its best quarter yet. For the full year, revenue jumped 18% to roughly €1.66 billion, while Adjusted EBITDA skyrocketed over 50% to €387-392 million, pushing margins past 23%. December was a standout month, setting new highs for deposits and revenue, reinforcing the company's momentum heading into 2025. Investors took notice—shares jumped nearly 17% in afternoon trading.

Meanwhile, the U.S. business is gaining ground with three straight months of revenue records in Q4. But Super Group isn't ignoring the cost side—after pouring €61 million into U.S. expansion in 2024, management plans to scale back investment in 2025, narrowing its focus to iGaming. This shift could mean faster profitability with lower capital burn, signaling a more sustainable long-term approach in a tough market.

With the stock ripping higher on these earnings, all eyes are on the company's upcoming February report. Investors will be watching for more clues on cost efficiency and long-term margin expansion. If Super Group can keep up this mix of aggressive growth and disciplined spending, 2025 could be another breakout year.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure