Super Group Q1 Revenues Up On Higher Monthly Active Users, Forecasts Another Strong Quarter Ahead
Portfolio Pulse from Nabaparna Bhattacharya
Super Group (SGHC) reported Q1 FY23 revenues of €338.5 million, up 1% YoY, driven by growth in Africa, the Middle East, and Europe, but offset by declines in North America and Asia-Pacific. Monthly Active Customers increased 34% to 3.5 million. The company expects another strong quarter ahead.
May 24, 2023 | 3:49 pm
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Super Group's Q1 revenues increased 1% YoY, driven by growth in Africa, the Middle East, and Europe. The company expects another strong quarter ahead, but shares are trading lower by 3.95%.
Super Group's Q1 revenues increased due to growth in Africa, the Middle East, and Europe, and the company expects another strong quarter ahead. However, the stock is trading lower by 3.95%, possibly due to the GAAP EPS loss of (€0.48) and the decline in North America and Asia-Pacific markets. The overall impact on the stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100