Africa drives Super Group revenue up despite US exit
The Betway and Spin Casino owner has reported record second-quarter results.
UK.- Super Group, the parent company of Betway and Spin, has announced record second quarter results. Revenue was up by 30 per cent to $579.4m, driven by growth from Africa and Europe.
Profit before tax was $38.8m, including a non-cash charge of $63.9m related to the impairment of Digital Gaming Corporation Limited igaming related assets and $22.6m relating to onerous contracts.That compares to $22.1m in the same quarter last year.
Adjusted EBITDA increased by 78 per cent to $156.7m amid a 21 per cent rise in monthly active customers to 5.5 million.
CEO Neal Menashe commented: “We had a Super first half of 2025, driven by a record-breaking second quarter. The quarter’s success was fueled by strong execution across our key markets, a full calendar of global sporting events, increased deposits, high customer retention, and margin expansion.
“While our decision to exit the US 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.”
While it’s listed in the US, Super Group has left the US market to focus on Europe, Africa and Latin America. It has offices in the UK, Malta and South Africa. The group is raising its full-year adjusted EBITDA guidance to $470-$480m and ex-US adjusted EBITDA outlook to $500-$510m, up from greater than $480m. US adjusted EBITDA is expected to be a loss of $30m, excluding the one-off cost of the group’s US exit.
