Super Group announced a record-setting revenue for the second quarter, amounting to €417.4 million, a 9% increase year-over-year. The Betway brand contributed €246.3 million, up by 7.6%.
Betway's revenue from Africa and the Middle East reached €152.8 million, while revenue from Europe was €45 million, growing by 23%. The brand exited the US market in July.
However, Super Group's casino brand Spin performed strongly in North America. Its revenue in North America was €112 million, with total revenue growing by 11% to €168.5 million.
The adjusted EBITDA grew by 8%, reaching €81.9 million. The company reported a loss of €800,000, which includes a €36.8 million impairment related to the assets of Digital Gaming Corporation.
CEO Neal Menashe said: "I am pleased that we concluded our exit from the US sports betting market, and we will continue to optimize our global footprint more comprehensively in terms of geography and products."
Meanwhile, Chief Commercial Officer Richard Hasson said that if Spin continues to perform well in New Jersey and Pennsylvania, Super Group will reinvest up to €40 million in Spin in the US.
