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Super Group has boosted its full-year 2025 guidance after another better-than-expected quarter. The operator credited steady casino engagement and growing sports betting activity for the improved numbers, despite Q3 traditionally being a quieter period for wagering. Super Group operates Betway, its global online sports betting brand, and Spin, its online casino platform.
Good to know
- Full-year 2025 revenue now expected between $2.125bn–$2.2bn.
- Adjusted EBITDA forecast raised to $550m–$560m.
- U.S. operations still project a $25m adjusted EBITDA loss but revenues over $40m.
Guidance Raised on Strong Results
Super Group said revenue for the year is now expected to land between $2.125 billion and $2.2 billion, higher than earlier forecasts. Adjusted EBITDA guidance was also lifted to $550 million–$560 million.
The improved outlook comes just weeks after the company reported $579 million in Q2 revenue on August 7, setting the stage for a stronger second half.
CEO Neal Menashe said:
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“Our performance through the third quarter continues to demonstrate the resilience of our model and the strength of our execution.”
“We’re seeing strong contributions from both sports and casino, deeper customer engagement and continued margin improvement across key markets. As a result, we’re pleased to raise our full-year outlook and remain confident in our ability to deliver for our shareholders.”
U.S. Business Still in Transition
While international operations have fueled growth, the U.S. market remains in the red. Super Group projected an adjusted EBITDA loss of about $25 million for its American unit, though revenue is expected to exceed $40 million for 2025. The company anticipates closure of certain U.S. operations in early Q4.
Executives also pointed to better operational leverage across global markets as a reason the business has outperformed expectations. Even during a seasonally softer period for sports betting, Super Group delivered higher customer activity and stronger margins, allowing it to lift forecasts heading into the final stretch of the year.
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