Super Group hasn't rethought its recent decision to pull out of the U.S. market after a record-breaking second quarter in 2025.
Key takeaways
- Super Group set quarterly records for revenue and Adjusted EBITDA.
- Betway’s sportsbook and online casino generated 61% of the global gaming company’s Q2 profits.
- Midpoint success led to a full-year guidance raise.
The sports betting and online casino company that owns global brands Betway and Spin announced Thursday it produced $579.4 million in revenue, a 30% year-over-year increase and the most ever in a quarter. Adjusted $156.7 million EBITDA also surpassed the previous high mark and was up 78%, despite a $5.4 million loss from the U.S. exit.
“The (second) 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,” Super Group CEO Neal Menashe said. “While our decision to exit the U.S. 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.”
Super Group announced in May it was closing iGaming operations in New Jersey and Pennsylvania, less than a year after it pulled its U.S. sports betting operations.
Regional growth
The revenue spike during the period ending June 30 was attributed to growth in Africa, Europe, and North America (Canada). This offset profit declines in the Middle East, Latin America, and Asia-Pacific markets. Monthly active customers jumped 21% to 5.5 million.
Profit before tax was $38.3 million in Q2, an increase from the $22.1 million in the same quarter in 2024. Betway accounted for 61% of Q2's total income, with the Africa/Middle East region generating $225 million, the most of any other.
“These results underscore our scalable, cost-efficient operating model and controlled marketing spend,” Super Group CFO Alinda Van Wyk said. “We ended the quarter with $393 million in unrestricted cash and zero debt, and returned $20 million to shareholders, bringing our 12-month capital returns to $166 million.”
Looking ahead
Super Group’s success at the midpoint raised full-year guidance. Adjusted EBITDA is now projected between $470 million and $480 million. That includes an expected $30 million loss as part of the United States exit, excluding a one-time cost.
Still, ex-U.S. Adjusted EBITDA of $500 million to $510 million was up from the previous $480 million guidance, minus U.S. exit costs.
