Why Super Group Shares Are Trading Higher Today
Portfolio Pulse from Nabaparna Bhattacharya
Super Group (SGHC) reported Q2 FY23 revenues of $415.034 million, beating the consensus of $383.05 million. EPS of $0.06 also beat the consensus of $0.02. Revenue growth was driven by Africa, the Middle East, and European markets, offset by declines in North America and Asia-Pacific. Monthly Active Customers increased 40% to 3.7 million. The company exited the quarter with cash and equivalents worth €228.7 million. SGHC shares are trading higher by 14.3% to $3.34.
August 17, 2023 | 2:55 pm
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Super Group's Q2 FY23 revenues and EPS beat consensus, driving the stock price up by 14.3%. The company's growth in Africa, the Middle East, and Europe contributed to the revenue increase.
Super Group's better-than-expected Q2 FY23 results have led to a positive market reaction, with the stock price increasing by 14.3%. The company's growth in Africa, the Middle East, and Europe, as well as an increase in Monthly Active Customers, have contributed to the revenue increase, making this news highly relevant and important for SGHC investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100