Super Group Limited (NYSE:SGHC) Q2 2024 Earnings Call August 7, 2024 8:30 AM ET
Company Participants
Brett Milotte - Investor Relations
Neal Menashe - Chief Executive Officer
Alinda Van Wyk - Chief Financial Officer
Richard Hasson - President and Chief Commercial Officer
Conference Call Participants
Jed Kelly - Oppenheimer
Michael Graham - Canaccord Genuity
Mike Hickey - The Benchmark Company
Stefanos Crist - Needham
Operator
Good day and welcome to the Super Group Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Brett Milotte, ICR. Please go ahead.
Brett Milotte
Good morning, everyone and thank you for joining us today to discuss Super Group’s results for the second quarter of 2024. During this call, Super Group may make comments of a forward-looking nature that are subject to risks, uncertainties and other factors discussed further in its SEC filings that could cause its actual results to differ materially from historical results or from the company’s forecast. Super Group assumes no responsibility to update forward-looking statements other than required by law.
On today’s call, Super Group may refer to certain non-GAAP financial measures. These non-GAAP financial measures are in addition to and not a substitute for measures of financial performance prepared in accordance with GAAP. Super Group has provided a reconciliation of the non-GAAP financial measures to the most comparable GAAP measures in the press release issued earlier today and available on the Investor Relations page of Super Group’s website. In addition, Super Group will speak to its financial results and metrics in two parts: highlighting Super Group’s profitable and cash-generative global business separately from its investments in the U.S. This aligns with the annual guidance that Super Group has provided for 2024 and is consistent with both how Super Group views its business internally and how Super Group will report going forward. Super Group recommends that investors refer to its supplementary presentation posted to the website.
On this call, I am joined by Neal Menashe, Chief Executive Officer. And during the Q&A session, we’ll be joined by Alinda Van Wyk, Chief Financial Officer; and Richard Hasson, President and Chief Commercial Officer.
I will now turn the call over to Neal.
Neal Menashe
Thank you. Good morning, everyone and welcome to Super Group’s second quarter 2024 earnings call. Q2 was exceptional, our strongest quarter ever and one in which we set some new records. Total revenue ex the U.S. hit a quarterly record of €408 million, reflecting 9% year-on-year growth. Adjusted EBITDA ex the U.S. also set a record of €98 million, representing growth of 11% year-on-year and a very strong margin of 24%.