Super Group, the parent company of Betway and Spin, has published its Q2 2022 financial results.
Revenue for the period shrank by 10% year-on-year, from €355.2m ($367.3m) to €320.8m.
Super Group attributes this poor result to a decline in both online casino net gaming revenue, exacerbated by inflation and brand licence fee income due to renegotiated contracts.
The result was offset by improved performance for sports betting net gaming revenue, with growth reported in the Africa and Asia-Pacific regions.
Super Group’s result is at odds when compared to competitors; with Bragg Gaming Group reporting a 34% revenue increase and DraftKings with 57%.