Super Group(US:SGHC)2025-05-08 21:37Financial Performance - Total Group Revenue reached $517 million, a 25% year-over-year increase[14] - Group Adjusted EBITDA hit a record $111 million for the first quarter, showing a 120% year-over-year growth and a 22% margin[14] - Ex-US Adjusted EBITDA increased by 62% year-over-year to $121 million, with a margin of 24%[50] - US Adjusted EBITDA showed a loss of $9.8 million[18] Customer Base and Operations - Average Unique Monthly Active Customers reached a new high of 5.4 million, a 15% year-over-year increase[16] - The company successfully completed the migration to Spin Palace Casino from Betway in the US[16] - The company maintains a debt-free balance sheet with $351 million in unrestricted cash as of March 31, 2025[16,18] Revenue Breakdown - Net Revenue by geography shows continued global diversification, with Americas at 36%, Africa at 39%, Europe at 19%, and RoW at 6%[24] - Sportsbook Gross Revenue Margin increased by 270bps year-over-year, reaching 138% in 1Q 2025 compared to 111% in 1Q 2024[33] Expenses - Marketing costs accounted for 26% of Net Revenue[61] - G&A Expenses accounted for 16% of Net Revenue[61] Guidance - The company projects Total Revenue to exceed $2014 billion and Adjusted EBITDA to exceed $421 million for 2025[65]