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Strong international growth drives 30% revenue jump while US departure reshapes full-year outlook.
Super Group has posted its strongest quarterly performance to date, reporting $579.4 million in Q2 2025 revenue – a 30% increase year-on-year. At the same time, the group confirmed it will exit the US iGaming market, citing long-term regulatory concerns.
The company, which owns global brands like Betway, Sportingbet, and Spin, also recorded adjusted EBITDA of $157 million, up 78% from the same period last year. This pushed the EBITDA margin to 27%, highlighting improved profitability across most of its global operations.
Growth continues across Europe and Africa
Strong casino and sportsbook results boost performance in key markets.
Across Europe, Super Group saw significant growth in both verticals. In the UK, sports revenue rose 120% and casino revenue jumped 75%, reflecting stronger brand recognition and user engagement. Spain’s casino revenue climbed 44%, while Ireland delivered stable results, though detailed figures were not disclosed.
In Africa, seven out of eight operating markets were ranked in podium positions for market share. Ghana stood out with sports revenue up 48% and casino revenue up 71%, while Botswana, a recent addition, showed strong post-launch performance.
These markets helped diversify Super Group’s earnings base, reducing reliance on more volatile regions and delivering solid top-line momentum.
Americas remain mixed as US exit looms
Canada shows regional disparities while US performance peaks before departure.
In the Americas, the US recorded its best quarter to date, just before the company announced plans to exit the market. Regulatory changes have dampened long-term profitability prospects, with Super Group absorbing a $63.9 million goodwill and asset impairment charge in Q2.
Canada’s performance was mixed, with overall sports revenue flat. Ontario rose 7%, but the rest of Canada dipped by 3%. Casino revenue in Canada rose 20%, with non-Ontario regions up 24%.
The group also confirmed it will incur $22.6 million in contract-related costs and expects $6 million in cash closure costs in Q3 due to the US exit.
Pressure in LatAm and APAC
Currency shifts and tech transitions weigh on regional results.
Performance in New Zealand was impacted by macroeconomic headwinds, currency fluctuations and internal technology upgrades. The company also exited Brazil in November 2024 and reported weak performance in Mexico, highlighting challenges across some of its “Rest of World” markets.
Still, Super Group has reaffirmed its broader international strategy, leaning into strongholds where performance remains stable or growing.
Strong balance sheet supports revised guidance
Cash-rich position allows for resilience despite regulatory headwinds.
As of 30 June 2025, Super Group reported $393 million in unrestricted cash and zero debt, giving it flexibility heading into the second half of the year. The company also paid $20 million in dividends during the quarter, bringing its trailing 12-month total to $166 million.
With US operations now excluded, the company raised its full-year adjusted EBITDA guidance to between $500–510 million, up from the previously forecasted $480 million.
The group will publish condensed interim accounts for H1 2025 by the end of August.
Source: Gambling Insider
