Super Group, the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced preliminary fourth quarter and full year 2022 consolidated financial results.

Revenue was €329.1 million for the fourth quarter of 2022 compared to €341.0 million for the fourth quarter of 2021. 

Profit before tax was €38.3 million for the fourth quarter of 2022 compared to €62.6 million for the fourth quarter of 2021. 

EBITDA, a non-GAAP financial measure, was €56.1 million in the fourth quarter of 2022 compared to €83.2 million in the fourth quarter of 2021. Revenue for 2022 was €1.29 billion for 2022 compared to €1.32 billion for 2021. 

Operational EBITDA, a non-GAAP financial measure, decreased 39% to €42.3 million in the fourth quarter of 2022 compared to €69.6 million in the fourth quarter of 2021. 

Neal Menashe, CEO of Super Group, commented, “Super Group is a leading global pure-play sports betting and online casino company seeking to continually optimize and grow our global footprint, including in the U.S. We continue to efficiently invest in our brand, enhance our technology platform and benefit from our consistent cash generation. We feel we are well positioned to apply our well tested strategies to the U.S. markets and capitalize on what we see as a multi-year investment opportunity.”

Alinda van Wyk, CFO of Super Group stated, “Super Group remains financially strong, and we continue to run our business profitably while investing in technology and marketing to support future growth. We remain focused on operating more efficiently in 2023 in order to improve scale and our operating margins going forward.”