Super Group forecasts higher 2025 results after strong Q3

Momentum in sports betting and casino activity contributed to Super Group’s (SGHC) stronger-than-expected third-quarter performance, prompting the company to raise its 2025 guidance for both revenue and adjusted EBITDA, while confirming the upcoming closure of its US business.

The parent company of Betway and Spin now projects full-year group revenue between $2.125 billion and $2.200 billion, up from earlier guidance of more than $2.04 billion.

Ex-US revenue is expected in the range of $2.085 billion to $2.160 billion, while US revenue is anticipated to exceed $40 million.

Group adjusted EBITDA is now forecast at $550 million to $560 million, compared with prior guidance of $470 million to $480 million. Ex-US adjusted EBITDA is expected to reach $575 million to $585 million. The company projects a US adjusted EBITDA loss of approximately $25 million and plans to complete the shutdown of its US business in early Q4 2025.

The company’s leadership cited strong contributions from both sports and casino, and improved margins across markets as factors in the revised guidance.

“Our performance through the third quarter continues to demonstrate the resilience of our model and the strength of our execution,” said Neal Menashe, Chief Executive Officer. “We’re seeing strong contributions from both sports and casino, deeper customer engagement, and continued margin improvement across markets. As a result, we’re pleased to raise our full-year outlook and remain confident in our ability to deliver for our shareholders.”

“The consistency of our financial performance this quarter gives us confidence in our ability to drive both top-line and margin expansion,” said Alinda van Wyk, Chief Financial Officer. “With cost ratios improving and our product-led strategy gaining traction, we remain focused on disciplined execution and long-term value creation.”

The company hosted its Investor Day on September 18, 2025. A livestream of the presentations and full agenda will be available on the Super Group Investor Relations website and a dedicated Investor Day website. A replay will be made available after the event.

Super Group operates under licenses in multiple jurisdictions across Europe, the Americas, and Africa. Its technology and analytics platform support its market operations and customer engagement.