Super Group has started 2025 with a sharp rise in revenue, thanks to stronger customer engagement and consistent performance across its Betway and Spin brands. The company also reported a jump in profits, with solid gains in multiple global markets helping push results higher.
Good to know
- Q1 revenue rose 25% year-over-year to $516.8 million.
- Adjusted EBITDA more than doubled to $111.1 million.
- Monthly active customers grew to 5.3 million, up 14% from Q1 2024.
Super Group finished the first quarter of 2025 with $516.8 million in total revenue, a 25% increase compared to the same quarter last year. The Betway sportsbook contributed $318 million to that figure, while the online casino platform Spin brought in another $199 million.
Profit for the quarter reached $59.4 million, nearly $15 million higher than Q1 2024. The company also achieved adjusted EBITDA of $111.1 million, marking a 120% year-over-year increase.
CEO Neal Menashe highlighted what fueled the strong start to the year. “We started 2025 on a high note, delivering a strong first quarter with impressive revenue growth, a surge in customer acquisition and effective retention strategies,” he said.
He added, “The Group’s combined revenue reached a record $517m for a first quarter, representing a 25% year-over-year increase, fueled by outstanding sports betting margins and consistent casino margins, as well as our ongoing efforts to optimize return on investment across all markets.”
Growth came mostly from activity in Africa, Europe, and North America—particularly Canada. While markets in Latin America, the Middle East, and the Asia-Pacific saw a drop, they did not offset overall performance.
Looking closer at regional breakdowns, Africa and the Middle East led the way, delivering $201 million in revenue from Betway, or 39% of Super Group’s total Q1 income. North America followed with $181 million, including $142 million from Spin and another $39 million from Betway. Europe added $123 million across both brands.
Betway’s online casino segment pulled in $205 million, while sports betting through the same brand generated $106 million. Even though North America showed strong growth, the company’s U.S. operations reported a negative $10 million in adjusted EBITDA. Super Group’s ex-U.S. adjusted EBITDA came in at $121 million, showing that its other regions are pulling most of the weight.
Super Group also reported 5.3 million monthly active users in Q1 2025, a 14% increase from the same quarter a year earlier.
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