Super Group revenue rises by a quarter amid strong growth in Africa
Africa and Middle East has overtaken North America as the Betway owner’s most important region.
South Africa.- Super Group, the owner of the Betway brand, has reported its first quarter results. Revenue rose by a quarter year-on-year to a record $517m. The figure was boosted by strong growth in Africa and the Middle East, which has overtaken North America as the group’s biggest revenue driver.
Revenue from Africa and the Middle East reached $203m, up 34.4 per cent year-on-year despite a drop in the Middle East. This was thanks to expansion in several African markets and growth on home turf in South Africa, which represented 39 per cent of all revenue for the quarter.
North American revenue also rose year-on-year growth over a year after Betway’s US exit, increasing by 18.3 per cent to $181m thanks particularly to Canada. The region’s contribution to the whole fell from 27 to 35 per cent. In Europe, revenue rose by 52.4 per cent to $96m.
Revenue from the Asia-Pacific region fell by 15.8 per cent to $32m and revenue from Latin and South America fell by 28.9 per cent to $5m. Betway revenue was up by 35.8 per cent, and sports betting revenue by 25.5 per cent at $404m. Online casino revenue increased by 34.2 per cent to $106m and brand licensing generated $5m
Net profit was up by 105.4 per cent at $76m and EBITDA came in at $107m, a rise of 46.6 per cent. The company has maintained its full-year guidance of $2.01bn in revenue and $421m in adjusted EBITDA.
CEO Neal Menashe said: “We started 2025 on a high note. We delivered a strong Q1 with impressive revenue growth, a surge in customer acquisition, and effective retention strategies.
“Our combined revenue reached a record high for a first quarter, fueled by outstanding sports betting margins and consistent casino performance, along with our ongoing efforts to optimise return on investment across all markets.”
