Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. The company is based in Saint Peter Port, Guernsey.
IPO Year: 2022
Exchange: NYSE
Website: https://www.sghc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2024 | $6.00 | Perform → Outperform | Oppenheimer |
| 3/7/2024 | $5.00 → $6.00 | Buy | Needham |
| 8/18/2023 | $4.50 | Hold → Buy | The Benchmark Company |
| 3/14/2023 | $8.00 → $5.00 | Buy → Hold | Canaccord Genuity |
| 5/25/2022 | Buy → Hold | The Benchmark Company | |
| 4/22/2022 | $14.00 | Buy | Canaccord Genuity |
| 3/14/2022 | $11.00 | Buy | Needham |
| 3/7/2022 | $11.00 | Outperform | Oppenheimer |
Oppenheimer upgraded Super Group from Perform to Outperform and set a new price target of $6.00
Needham reiterated coverage of Super Group with a rating of Buy and set a new price target of $6.00 from $5.00 previously
The Benchmark Company upgraded Super Group from Hold to Buy and set a new price target of $4.50
Canaccord Genuity downgraded Super Group from Buy to Hold and set a new price target of $5.00 from $8.00 previously
The Benchmark Company downgraded Super Group from Buy to Hold
Canaccord Genuity initiated coverage of Super Group with a rating of Buy and set a new price target of $14.00
Needham initiated coverage of Super Group with a rating of Buy and set a new price target of $11.00
Oppenheimer initiated coverage of Super Group (SGHC) with a rating of Outperform and set a new price target of $11.00
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced the appointment of Natara Holloway and Jonathan Jossel to its Board of Directors, effective immediately. These appointments increase the number of independent Board members and take the total directors on Super Group's Board to nine. Ms. Holloway joins the Super Group Board following the successful SPAC deal with Sports Entertainment Acquisition Corp, where she was chair of the Audit Committee for the Board of Directors. She previously served in various roles for the National Football Le
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, announced that Lisa A. Kampf has joined the company as Vice President of Investor Relations. Lisa will be reporting to Super Group's CEO, Neal Menashe, and he commented: "I am thrilled to welcome Lisa to Super Group to lead our dedicated in-house investor relations effort as we embark on our journey as a public company. Lisa is a seasoned IR professional with a deep understanding of investor relations, finance and capital markets which are vital to a successful investor relations program." Commenting o
Revenue of €402.9 million for the third quarter of 2024, representing the highest revenue recorded in a third quarter Profit for the three months ended September 30, 2024 of €8.5 million Non-GAAP Adjusted EBITDA ex-US of €95.4 million for the three months ended September 30, 2024, a record for a third quarter, was offset by non-GAAP Adjusted EBITDA, US loss of €11.5 million, resulting in total non-GAAP Adjusted EBITDA of €83.9 million Unrestricted cash of €296.6 million at September 30, 2024 Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino,
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the third quarter 2024 on Wednesday, November 6, 2024 before the U.S. stock market opens. Management will host a conference call and webcast on the same day at 8:30 a.m. ET to discuss the results. A live audio webcast along with a supplemental investor presentation will be available on www.supergroup.com/investors/events-presentations/. A replay of the audio call will be available for one year following the live call. About Super Group (SGHC) Limited Super Group (SGHC
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that management will participate in the following upcoming investor conferences. Canaccord Genuity's 44th Annual Growth Conference August 13, 2024 at InterContinental Boston Hotel Fireside Chat at 10:30 AM ET and Investor Meetings Attendees: Neal Menashe, Chief Executive Officer, and Alinda Van Wyk, Chief Financial Officer The Benchmark Company's 11th Annual TMT One Growth Conference September 5, 2024 at New York Athletic Club Investor Meetings Attendees: Alinda Van Wyk, Chief Financi
Revenue of €414.7 million for the second quarter of 2024 - an all-time quarterly record Loss for the three months ended June 30, 2024 of €0.8 million includes non-cash charges of €36.8 million relating to the impairment of DGC related assets Non-GAAP Adjusted EBITDA ex-US of €98.3 million for the three months ended June 30, 2024 is the highest quarterly ex-US adjusted EBITDA to date, offset by a non-GAAP Adjusted EBITDA loss of €16.4 million from the US, resulting in total non-GAAP Adjusted EBITDA of €81.9 million Unrestricted cash of €306.8 million at June 30, 2024 Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online
Multi-year deal marked with ringing of The Opening Bell at the New York Stock Exchange Super Group (SGHC) Limited (NYSE:SGHC), the parent company of Betway, a leading online sports betting and gaming business and Spin, the multi-brand online casino, today announced that Betway has become the Official Global Betting Partner of English Premier League Champions, Manchester City. With the club currently on their pre-season tour of the United States, and to mark this significant deal, leading figures from Super Group and Manchester City will be on-site for the iconic NYSE bell-ringing ceremony later today. Neal Menashe, CEO of Super Group, along with Ferran Soriano, City Football Group CEO
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the second quarter 2024 on Wednesday, August 7, 2024 before the U.S. stock market opens. Management will host a conference call and webcast on the same day at 8:30 a.m. ET to discuss the results. A live audio webcast along with a supplemental investor presentation will be available on www.investors.sghc.com. A replay of the audio call will be available for one year following the live call. About Super Group (SGHC) Limited Super Group (SGHC) Limited is the holding com
Super Group (SGHC) Limited (NYSE:SGHC), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that, following the completion of an extensive internal review, the company intends to undertake an exit plan for its sportsbook product in the United States. The company, along with relevant regulators and partners, will shortly begin the process to fully close its U.S. sportsbook operations in the nine states in which it is currently live. Super Group will, however, maintain its iGaming presence in the U.S. and plans to operate two iGaming brands from its Spin portfolio (including Jackpot City) in both New Jer
Super Group (SGHC) Limited (NYSE:SGHC), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that its Board of Directors has initiated a dividend program and declared the first cash dividend on its ordinary shares of $0.10 per share. The dividend is payable on July 17, 2024, to shareholders of record as of the close of business on July 8, 2024. The company intends to pay regular dividends amounting to at least $0.10 per share annually, subject to approval of Super Group's Board of Directors in its discretion and subject to other potentially advantageous uses of funds. The company will consider paying a
Revenue of €379.3 million for the first quarter of 2024, representing the highest revenue recorded in a first quarter Profit for the three months ended March 31, 2024 of €41.0 million, including a pre-tax gain of €40.1 million relating to the sale of the B2B division of DGC and a non-cash charge of €13.1 million for change in fair value of option liability Non-GAAP Adjusted EBITDA ex-US of €68.7 million and a loss of €22.3 million from the US amounted to Adjusted EBITDA of €46.5 million Unrestricted cash was €289.2 million as at March 31, 2024 Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gami
Super Group (SGHC) Limited (NYSE:SGHC), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, today announced that it has entered into definitive agreements to assume full control of its sportsbook software technology licensed by Apricot, Super Group's long-standing software partner. The transaction brings Super Group closer to its goal of fully owning and controlling its sportsbook technology across its worldwide markets, giving the company the capability to apply this technology stack to any properties it may buy or build in the future. Super Group has agreed to acquire this technology for a total consideration of c
The company, along with relevant regulators and partners, will shortly begin the process to fully close its U.S. sportsbook operations in the nine states in which it is currently live. Super Group will, however, maintain its iGaming presence in the U.S. and plans to operate two iGaming brands from its Spin portfolio (including Jackpot City) in both New Jersey and Pennsylvania. Super Group expects to incur costs and charges in connection with the closure of its U.S. sportsbook operation, information about which will be provided by management during the next quarterly earnings call, scheduled for early August. Such costs and charges, while not insignificant, will not have any impact on Sup
The dividend is payable on July 17, 2024, to shareholders of record as of the close of business on July 8, 2024. The company intends to pay regular dividends amounting to at least $0.10 per share annually, subject to approval of Super Group's Board of Directors in its discretion and subject to other potentially advantageous uses of funds. Beginning in the first quarter of 2025, the company's intention, subject to Board approval, is to pay regular dividends on a quarterly basis.
Needham analyst Bernie McTernan reiterates Super Group (SGHC) (NYSE:SGHC) with a Buy and maintains $6 price target.
Super Group (SGHC) (NYSE:SGHC) reported quarterly earnings of $0.03 per share which met the analyst consensus estimate. This is a 105.77 percent increase over losses of $(0.52) per share from the same period last year. The company reported quarterly sales of $411.89 million which beat the analyst consensus estimate of $400.84 million by 2.76 percent. This is a 13.37 percent increase over sales of $363.31 million the same period last year.
Financial Highlights:Revenue increased by 12% to €379.3 million for the first quarter 2024 (constant currency: 17% to €389.3 million) from €338.5 million in the same period from the prior year driven by growth from Africa and North America (predominantly Canada) markets partially offset by declines from the Middle East and Asia-Pacific market.Profit for the period was €41.0 million for the first quarter 2024, which included a gain on disposal of the B2B division of Digital Gaming Corporation Limited ("DGC") of €40.1 million as well as a non-cash charge of €13.1 million related to the increase in fair value of option liability. Loss for the period of €1.9 million for the first quarter of 2023
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Benchmark analyst Mike Hickey maintains Super Group (SGHC) (NYSE:SGHC) with a Buy and raises the price target from $4.5 to $5.
Needham analyst Bernie McTernan maintains Super Group (SGHC) (NYSE:SGHC) with a Buy and raises the price target from $5 to $6.
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Revenue of €402.9 million for the third quarter of 2024, representing the highest revenue recorded in a third quarter Profit for the three months ended September 30, 2024 of €8.5 million Non-GAAP Adjusted EBITDA ex-US of €95.4 million for the three months ended September 30, 2024, a record for a third quarter, was offset by non-GAAP Adjusted EBITDA, US loss of €11.5 million, resulting in total non-GAAP Adjusted EBITDA of €83.9 million Unrestricted cash of €296.6 million at September 30, 2024 Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino,
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the third quarter 2024 on Wednesday, November 6, 2024 before the U.S. stock market opens. Management will host a conference call and webcast on the same day at 8:30 a.m. ET to discuss the results. A live audio webcast along with a supplemental investor presentation will be available on www.supergroup.com/investors/events-presentations/. A replay of the audio call will be available for one year following the live call. About Super Group (SGHC) Limited Super Group (SGHC
Revenue of €414.7 million for the second quarter of 2024 - an all-time quarterly record Loss for the three months ended June 30, 2024 of €0.8 million includes non-cash charges of €36.8 million relating to the impairment of DGC related assets Non-GAAP Adjusted EBITDA ex-US of €98.3 million for the three months ended June 30, 2024 is the highest quarterly ex-US adjusted EBITDA to date, offset by a non-GAAP Adjusted EBITDA loss of €16.4 million from the US, resulting in total non-GAAP Adjusted EBITDA of €81.9 million Unrestricted cash of €306.8 million at June 30, 2024 Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the second quarter 2024 on Wednesday, August 7, 2024 before the U.S. stock market opens. Management will host a conference call and webcast on the same day at 8:30 a.m. ET to discuss the results. A live audio webcast along with a supplemental investor presentation will be available on www.investors.sghc.com. A replay of the audio call will be available for one year following the live call. About Super Group (SGHC) Limited Super Group (SGHC) Limited is the holding com
Revenue of €379.3 million for the first quarter of 2024, representing the highest revenue recorded in a first quarter Profit for the three months ended March 31, 2024 of €41.0 million, including a pre-tax gain of €40.1 million relating to the sale of the B2B division of DGC and a non-cash charge of €13.1 million for change in fair value of option liability Non-GAAP Adjusted EBITDA ex-US of €68.7 million and a loss of €22.3 million from the US amounted to Adjusted EBITDA of €46.5 million Unrestricted cash was €289.2 million as at March 31, 2024 Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gami
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the first quarter 2024 on Wednesday, May 8, 2024 before the U.S. stock market opens. Management will host a conference call and webcast on the same day at 8:30 a.m. ET to discuss the results. A live audio webcast along with a supplemental investor presentation will be available on www.investors.sghc.com. A replay of the audio call will be available for one year following the live call. About Super Group (SGHC) Limited Super Group (SGHC) Limited is the holding compa
Record revenue of €1.4 billion for the full year exceeded guidance; includes highest ever total revenue for a fourth quarter of €359.9 million. Profit before tax for the year of €16.8 million and loss before tax of €44.9 million for the fourth quarter. These results were affected by certain non-cash charges of €64.6 million and €42.1 million respectively arising from changes in fair value of option liability and an impairment of goodwill. Operational EBITDA ex-US of €254.7 million for the year exceeded guidance and €54.0 million for the fourth quarter. Unrestricted cash was €241.9 million as at December 31, 2023. Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the fourth quarter and full year end 2023 on Wednesday, March 6, 2024 before the U.S. stock market opens. Management will host a conference call and webcast on the same day at 8:30 a.m. ET to discuss the results. A live audio webcast along with a supplemental investor presentation will be available on www.investors.sghc.com. A replay of the audio call will be available for one year following the live call. About Super Group (SGHC) Limited Super Group (SGHC) Limited i
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group"), the parent company of Betway, a leading online sports betting and gaming business, and Spin, the multi-brand online casino, will report financial results for the third quarter 2023 on Thursday, November 9, 2023 before the U.S. stock market opens. Management will host a conference call and webcast on the same day at 8:30 a.m. ET to discuss the results. A live audio webcast along with a supplemental investor presentation will be available on www.investors.sghc.com. A replay of the audio call will be available for one year following the live call. About Super Group (SGHC) Limited Super Group (SGHC) Limited is the holding com
Super Group (SGHC) Limited (NYSE:SGHC) ("SGHC" or "Super Group") today announced that it has ceased providing any services to the Indian market due to changes to the Indian Goods and Services Tax, effective as of October 1, 2023. The newly effective tax rules make the Indian market no longer commercially viable for Super Group. Despite this development, Super Group reaffirms the full year financial projections provided on the earnings conference call on August 17, 2023. Neal Menashe, Chief Executive Officer of Super Group, stated: "We are continuously evaluating evolving regulatory landscapes across the many markets we serve. Informed by years of operating our geographically diverse busin