Super Group Reports Q4 Results, Provides Guidance 
<p><a href='https://financialmodelingprep.com/financial-summary/SGHC'>Super Group (NYSE:SGHC)</a> reported its Q4 results on Tuesday, with revenue of €329.1 million and full-year revenue of €1.29 billion, exceeding the high end of the guidance range.</p>
<p>The company guided for 2023 core-Revenue/EBITDA (non-US) to 4%/7% year-over-year (8%/9% ahead of Street estimate), implying Canada returning to year-over-year growth, a stable regulatory environment, and higher OPEX/Marketing leverage. </p>
<p>Guidance implies gross margins decline of 270bps on higher taxes in Ontario. Additionally, management expects to invest $70 million in US operations following the DGC acquisition, with a similar level in 2024. </p>
<p>Analysts at Oppenheimer expect investors to question the US market strategy given that market share continues to be consolidated among the top-two players, however, management was a decade behind in the UK and is now holding up a profitable business in that market.</p>

NYSE:SGHC