Super Group revenue surges 45%

Finance News

Super Group the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced full-year 2021 financial results for its operating subsidiary, SGHC Limited.

Betway, reported a 45% year-over-year increase in 2021 revenue to around $1.4 billion.

Profits jumped 58% year-over-year to roughly $255.6 million, with cash and cash equivalents increasing 112%.

Neal Menashe, CEO of Super Group, commented: “We are delighted to report strong growth and profitability in 2021, demonstrating the successful execution of our global growth strategy. We are, as ever, grateful to our dedicated global team that have delivered this outstanding financial performance. We listed on the New York Stock Exchange at the start of 2022, a major landmark for Super Group after two decades of leadership in more than 20 markets around the world.

We expanded on our partnerships throughout the year and our portfolio now stands in excess of 70 active deals in 17 different countries. These include major sporting brands and teams, notably in the National Hockey League, the National Basketball Association and the Association of Tennis Professionals. With an eye on our growth and profitability profile, we couldn’t be more excited to execute on our plans in 2022 and beyond.”