Stock Track | Super Group Soars in Pre-Market on Strong Q3 Results

Stock Track11-06

Shares of Super Group (SGHC) surged 6.92% in pre-market trading on Tuesday after the online sports betting and gaming company reported strong financial results for the third quarter of 2024.

Super Group's revenue for Q3 increased 12.9% year-over-year to €402.85 million, driven by growth across its sports betting and gaming verticals. The company also posted a profit of €8.5 million for the quarter.

The upbeat results demonstrate Super Group's continued momentum in capitalizing on the expansion of regulated online gambling markets globally. With its diversified product offerings and growing market share, investors appear optimistic about the company's prospects for sustained growth and profitability.

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