Super Group, the parent company of Betway and Spin, said it expects to reach its full-year goals across revenue and adjusted EBITDA for 2025 following record performances within sports betting and a better-than-forecast return from casino gaming.
In a business update, Super Group said its operations had delivered a year of “robust growth”. It referenced how its casino business performed “exceptionally well” during the 12 months to 31 December 2025 and provided a “resilient” foundation for overall profitability.
Sports betting suffered in December due to a series of customer-friendly results. However, the group said broader metrics across the business remained strong. These included both monthly active customers and customer deposits hitting record highs in Q4.
“We are very pleased with our performance this year,” CEO Neal Menashe said. “Casino outperformed, while sports wagers, deposits and monthly active customers all reached record highs. Customer-friendly results reduced sports hold late in the fourth quarter, yet our operating model remains very strong.
Special cash dividend for shareholders
As such, ahead of announcing its 2025 results in full, the group reiterated previous guidance for the year. Within this, it said revenue will, as expected, amount to between $2.17 billion and $2.27 billion. In addition, it said adjusted EBITDA will be within a range of $555 million to $565 million.
Given this expected growth and a positive forecast for 2026, Super Group declared a special cash dividend. This will stand at $0.25 per ordinary share and is payable on 9 February to all shareholders of record from 2 February.
“The dividend reflects that strength and our confidence in the durability of the business,” Menashe said. “With a deep product pipeline and continued operating discipline, we are entering 2026 positioned to grow and keep compounding long-term value for shareholders.”
Super Group follows on from successful Q3
Super Group’s early full-year figures follow what was a positive Q3 for the business, which in turn led to it raising its guidance.
Revenue for the three-month period was almost 26% higher year-on-year at $556.9 million, helped by significant growth in the UK and Africa. Revenue in the two markets increased by 71% and 36%, respectively.
Canada was another success story during Q3, with revenue up 15% when excluding Ontario, which grew just 3% year-on-year. LatAm revenue fell from $6 million to $4 million, but growth in Africa and the UK offset the decline.
Higher revenue pushed adjusted EBITDA up 65.2% to $152 million, while profit rocketed by 830% to $95.8 million. As a result, Super Group has raised its full-year guidance across both revenue and adjusted EBITDA. Previously, revenue was forecast between $2.125 billion and $2.2 billion, and adjusted EBITDA $550 million to $560 million.
Focus on growth markets
The expected growth in 2025 comes despite a US exit in 2024. This, Super Group said, was triggered by regulatory shifts that had impacted “long-term US expected profitability”. Prior to that, Super Group pulled out of India in 2023 amid a new online gambling tax rate, set at 28% of turnover.
Incidentally, since the turn of the year, the business has left another market, confirming earlier in January that it had pulled out of Portugal. The operator told iGB it would focus instead on existing markets and “growth areas with more potential”.
“After a thorough review we have decided to relinquish our licence in Portugal in order to focus on existing markets and growth areas with more potential,” a Betway spokesperson told iGB. The operator did not confirm whether any further market exits were planned.
Revenue is set to be between $2.17 billion and $2.27 billion, with adjusted EBITDA ranging from $555 million to $565 million.