Super Group has raised its 2024 financial guidance and announced a special dividend, causing its shares to rally. The company now projects 2024 revenue of $1.68 billion, up from $1.63 billion, and EBITDA of at least $380.1 million, increased from $364.3 million.

This improved outlook comes six months after Super Group's strategic withdrawal from the US sports betting market, citing limited profitability potential in a market dominated by larger competitors. The company joins approximately 10 other operators who have exited the US market in recent years.

The company announced a special cash dividend of 15¢ per share, payable on January 8, 2025, to shareholders of record as of December 23, 2024. This follows their first annual dividend of 10 cents per share announced in June. The stock, up 120.50% year-to-date, now yields 1.43%.

CEO Neal Menashe emphasized the company's commitment to returning excess cash to shareholders, citing exceptional business performance and a strong balance sheet in 2024.

Despite leaving the US market, Super Group continues to thrive in other regions, particularly in Africa and Canada. The company's Betway brand maintains a strong presence internationally, while its Spin division succeeds in online casino operations across various markets. Super Group currently holds licenses in 25 markets spanning Africa, the Americas, Asia, and Europe, with notable growth in Canada following its US exit.

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