International growth offsets NA decline in Super Group Q1
Growth in Betway-operator Super Group’s African, Middle Eastern and European operations partially offset the decline in revenue experienced in the company’s North American division.
Super Group chief executive Neal Menashe praised the “solid” result in Q1 and emphasised that the company remained focused on profit and revenue growth.
“During the month of March, net gaming revenue was a record high, along with the operational EBITDA margin of over 20% and this is a strong reminder of the value of operating leverage in our business,” he said.
“We are confident that we will continue to build on another strong quarter across igaming and sports betting across the world.”
Regulation in Ontario throttles North American segment
Super Group reported €338.5m for the first three months of 2023, a 1% rise from the €334.5m the company achieved in the same period of the previous year.
Overall, Super Group’s Betway sports betting and gaming business generated €198.2m of the total, while the op..