Super Group has raised its full-year 2025 guidance after Q3 performance “exceeded expectations” for the Betway and Spin parent company.
The New York-listed business has now set a revenue range of $2.1bn to $2.2bn (£1.5bn to £1.6bn), up from the previous stance of greater than $2.04bn.
Ex-US revenue is expected to come in between $2.1bn and $2.2bn, with US revenue of over $40m.
Group adjusted EBITDA is anticipated to fall between $550m and $560m, having previously been set at $470m and $480m.
Ex-US adjusted EBITDA has been set in the $575m to $585m range, while US adjusted EBITDA is projected to be a loss of around $25m
Super Group expects the final closure of its US business to take place in early Q4 2025, with the news first being announced back in July.
The operator had been live with igaming-only in Pennsylvania and New Jersey, but has elected to focus on its operations elsewhere, including Africa, Europe and Canada.
It is the second time the operator has raised its guidance this year, the first when the group reported its preliminary Q2 figures in July.
The Betway and Spin parent company said Q3 results have outperformed its expectations in what is usually a “softer seasonal period”.
Sports betting gains have been driven by “optimised pricing and more efficient trading”, while “consistent engagement” in casino and improved operational leverage across core international markets helped support momentum.
The firm is due to host its Investor Day today, 18 September, in which it will lift the lid on its global operations.
The 155-slide investment presentation, which has already been made public, states the firm is planning to add Jackpot City to the Spanish market, while going live in regulated Ireland and Ontario, Canada, in H2 2026.
Super Group also noted 95% of its revenue is derived from 10 markets, with group revenue expected to reach $3bn in 2028 on the bull case.
Neal Menashe, Super Group CEO, said: “Our performance through the third quarter continues to demonstrate the resilience of our model and the strength of our execution.
“We’re seeing strong contributions from both sports and casino, deeper customer engagement and continued margin improvement across key markets.
“As a result, we’re pleased to raise our full-year outlook and remain confident in our ability to deliver for our shareholders.”
Alinda van Wyk, Super Group CFO, added: “The consistency of our financial performance this quarter gives us confidence in our ability to drive both top-line and margin expansion.
“With cost ratios improving and our product-led strategy gaining traction, we remain focused on disciplined execution and long-term value creation.”
The post Super Group raises FY25 guidance after Q3 outperforms expectations first appeared on EGR Intel.
Betway and Spin parent company says revenue could hit $2.2bn ahead of first-ever Investor Day this afternoon, with $3bn revenue target set for 2028
The post Super Group raises FY25 guidance after Q3 outperforms expectations first appeared on EGR Intel.