Africa accounts for 43% of Super Group’s Q3 revenue

The African business recorded growth in both igaming and sportsbook revenue, alongside higher adjusted EBITDA during the quarter.

Key takeaways:

• Super Group’s African operations generated US$262m in revenue in Q3 2026, up 17 per cent year on year and equal to 43 per cent of total reportable segment revenue.
• Igaming remained the main driver in Africa, generating US$205m, while sportsbook contributed US$57m during the quarter.
• African adjusted EBITDA rose 23 per cent to US$88m, representing an adjusted EBITDA margin of approximately 34 per cent.
• For the first nine months of 2026, African revenue reached US$839m, up 29 per cent year on year, with adjusted EBITDA rising 31 per cent to US$319m.
• Super Group reported group revenue of US$611m in Q3, up 10 per cent year on year, while profit rose to US$142m and adjusted EBITDA increased 8 per cent to US$165m.

Nigeria.- Betway and Spin parent company Super Group generated US$262m in revenue from its African operations in the third quarter of 2026, accounting for 43 per cent of its total reportable segment revenue, according to financial results released on November 3. The figure represented a 17 per cent year-on-year increase from US$224m in the corresponding period of 2025.

The region also recorded an increase in adjusted EBITDA, which rose by 23 per cent to US$88m from US$72m in the corresponding quarter of 2025. This represented an adjusted EBITDA margin of approximately 34 per cent.

Igaming remained the operator’s main revenue contributor in Africa, generating US$205m in the three months ended September 30, 2026, up from US$169m a year earlier. Sportsbook generated US$57m, compared with US$55m in the same period in 2025.

Super Group’s African business generated US$839m in revenue during the first nine months of 2026, up 29 per cent from US$652m in the same period last year. Adjusted EBITDA rose by 31 per cent to US$319m from US$243m, while the region’s share of total reportable segment revenue increased to 44 per cent from 40 per cent.

Super Group chief executive Neal Menashe said the African business remained profitable during the quarter despite customer-friendly sports results.

At group level, Super Group reported third-quarter revenue of US$611m, representing a 10 per cent increase from US$557m in the same period last year. Profit for the period rose to US$142m from US$96m, while adjusted EBITDA increased by 8 per cent to US$165m from US$152m. Monthly active customers also increased by 9 per cent to six million, compared with 5.5 million in the third quarter of 2025.

Super Group also revised its full-year 2026 financial guidance, projecting total revenue of between US$2.525bn and US$2.575bn and adjusted EBITDA of between US$700m and US$720m. The company also announced that its board had approved a share repurchase programme of up to US$150m. The programme is authorised to run through December 2027, although the company is not obligated to repurchase shares.

Frequently asked questions (FAQs)

• How much revenue did Super Group generate in Africa in Q3 2026? Super Group generated US$262m in African revenue during the three months ended September 30, 2026, a 17 per cent increase from US$224m in the corresponding period of 2025. Africa accounted for 43 per cent of the group’s total reportable segment revenue.
• What drove Super Group’s African revenue growth? Igaming was the main contributor, generating US$205m in Q3, up from US$169m a year earlier. Sportsbook revenue reached US$57m, compared with US$55m in the same quarter of 2025.
• How did Super Group perform across the group in Q3 2026? Super Group reported group revenue of US$611m, up 10 per cent year on year, while profit increased to US$142m from US$96m. Adjusted EBITDA rose 8 per cent to US$165m, and monthly active customers increased 9 per cent to six million