The owner of gaming brands Betway and Spin closed out a “standout” 2025 with an 8% year-over-year revenue increase in the fourth quarter.
Key Takeaways
- Super Group’s 2025 revenue spiked 22% compared to 2024.
- CEO says the gaming operator is well-positioned “for the years ahead.”
- Annual Adjusted EBITDA rose 57% to help create a 25% margin.
Super Group announced on Monday that the sports betting and iGaming operator generated $578.3 million in Q4 to bring the annual revenue up 22% to $2.2 billion, a 22% increase from 2024.
Super Group CEO Neal Menashe attributed the 2025 success to exiting the U.S. market and focusing on countries where the company had “durable advantages” that drove customer growth. Europe, Africa, APAC, and Canada spurred a Q4 profit before tax of $95.1 million, despite some customer-friendly results going against the sportsbook, which produced a year-end pre-tax profit of $355.9 million.
Enjoying Covers content? Add us as a preferred source on your Google account“Despite some unfavorable sports outcomes late in the quarter, Q4 was another record-breaking period for monthly active customers, wagers, and deposits,” Menashe said. “Importantly, we received the final regulatory approval for the Apricot transaction, paving the way to strengthen our ex-Africa sportsbook technology platform and position the business well for the years ahead.”
Significant growth
Annual Adjusted EBITDA climbed 57% year-over-year to $560 million, creating a strong 25% margin in 2025. After a $2 million loss in Q4 due to the U.S. exit, Adjusted EBITDA for the quarter still reached $139 million, up from Q4 2024’s $126 million.
“We continue to maintain a strong balance sheet, closing the year with $513 million in cash,” Super Group CFO Alinda van Wyk said. “This liquidity supported $156 million in shareholder returns in 2025, and an additional $125 million special dividend declared this January and paid in February.”
Super Group reported 6.1 million monthly average customers in the quarter ending Dec. 31, 2025, a 16% year-over-year increase. In 2025, the gaming operator saw monthly average customers spike 17% from 2024.
Super Group will publish yearly financial statements in April 2026.
Moving forward
Super Group announced a new annual divdend program target increase from 16 cents to at least 20 cents cash per share in 2026. The first dividend of 5 cents per share will be paid to shareholders in March.
The strong end to 2025 has the gaming operator eyeing an even better 2026. Super Group released full-year guidance of more than $2.55 billion in total revenue and Adjusted EBITDA of greater than $680 million.
Super Group also announced the company entered into a $100 million senior multi-currency revolving credit facility with Barclays Ban, JP Morgan, Chase Bank, and Citibank. The credit facility, with interest of 1.5% per annum, is expected to help the gaming operator with financial flexibility and liquidity to “support growth initiatives and general corporate purposes.”
