Super Group Breaks Revenue Record and Lifts 2025 Guidance

Super Group just pulled off its biggest quarter ever, even as it follows through on leaving the U.S. online gambling market. The company, which owns Betway and Spin, says the focus now is on growing in regions where performance is already strong.

Good to know

• Africa, Europe, and Canada fueled most of the growth this quarter.
• Betway accounted for over half of total income.
• Super Group has no debt and nearly $400 million in cash.

For the quarter ending June 30, revenue hit $579.4 million — up 30% from a year earlier and the highest in company history. Previously, Q1 of this year had been a $517 million revenue quarter. Adjusted EBITDA reached $156.7 million, a 78% jump year over year. The $5.4 million cost of leaving the U.S. didn’t stop the company from surpassing past performance.

CEO Neal Menashe credited “strong execution across our key markets, a full calendar of global sporting events, increased deposits, high customer retention, and margin expansion” for the record run. He added, “While our decision to exit the U.S. was difficult, we believe that this step demonstrates our commitment to capital efficiency and long-term profitability. With continued focus on scaling our technology globally, Super Group should be even better positioned for sustained, profitable growth.”

The exit came in two phases: first pulling out of sports betting last year, then shutting online casino operations in New Jersey and Pennsylvania in May. The decision reflects a shift toward high-return markets rather than chasing marginal gains.

Regional Growth, Tight Spending, and Higher Forecasts

Africa, Europe, and Canada were the clear standouts in Q2, with the Africa/Middle East region generating $225 million, more than any other. Betway drove 61% of total revenue, while other regions like Latin America and Asia-Pacific saw declines. Even so, monthly active customers jumped 21% to 5.5 million. Profit before tax rose to $38.3 million from $22.1 million last year.

CFO Alinda Van Wyk said, “These results underscore our scalable, cost-efficient operating model and controlled marketing spend. We ended the quarter with $393 million in unrestricted cash and zero debt, and returned $20 million to shareholders, bringing our 12-month capital returns to $166 million.”

With momentum building, full-year adjusted EBITDA is now expected to land between $470 million and $480 million, factoring in a $30 million U.S. exit loss. Without the U.S., the number rises to $500 million–$510 million. The plan is to keep investing in tech and leaning into the markets producing the strongest returns — a strategy that’s paying off so far.

The post Super Group Breaks Revenue Record and Lifts 2025 Guidance appeared first on iGaming.org.