Jim Cramer on Super Group: “It’s Fantastic, I Like It Still”

Super Group (SGHC) Limited (NYSE:SGHC) is one of the stocks Jim Cramer answered questions about. A caller sought Cramer’s thoughts on the stock during the lightning round, and here’s what he had to say in response:

“Well, Super Group Eric Grubman is money. He’s been a friend of mine for I don’t know how many years, and he came on the show… when they launched that company. And… guess what, you got more than double. It’s fantastic. I like it still.”

Stock market data. Photo by Alesia Kozik on Pexels

Super Group (SGHC) Limited (NYSE:SGHC) runs global online sports betting and gaming services through its Betway sportsbook and casino platform, along with its Spin multi-brand online casino business. The company reported its earnings on November 3, posting a profit of $95.8 million and generating revenue of $556.9 million, up 38% year-over-year and outperforming estimates by $46.51 million.

Super Group (SGHC) Limited (NYSE:SGHC) raised its full-year revenue guidance to $2.17 billion – $2.27 billion from the previous $2.125 billion – $2.20 billion. The company now expects adjusted EBITDA between $555 million – $565 million, up from the previous guidance of $550 million to $560 million.

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Disclosure: None. This article is originally published at Insider Monkey.