Super Group has posted strong financial tailwinds in its core markets as it shifts focus away from the US into Europe and Africa.
For the FY25 trading period, total group revenue went up 22% YoY to $2.23bn (£1.65bn), with revenue excluding the US totalling $2.19bn.
The US business operated at a $14m Adjusted EBITDA loss, dragging down Group Adjusted EBITDA to $560m. Excluding that, FY25 Adjusted EBITDA stood at $574m.
Quarterly trading saw total revenue going up 8% YoY to $578m, with no revenue contributed by the US as Super Group fully withdrew from the market by the end of 2025. Total adjusted EBITDA stood at $139m (up 11% YoY), and $141m excluding the US.
In July 2025, the company announced that it was pulling its Betway sportsbook and Spin casino brands out of the US, citing regulatory uncertainty and a more prospective business plan for Europe and Africa.
Canada operations are still active, though, with Q4 revenue from sports betting and online casino going up 8% and 11% respectively. Super Group will also enter Alberta once it launches its regulated iGaming market, expected later in H1.
Advances made in Europe and Africa
European group net revenue for Q4 went up 23% YoY, and represented 20% of the total group revenue for the quarter, up 3% from the previous corresponding period, with the UK and Spain proving key contributors.
In the UK, sports betting revenue jumped by 21% YoY on the backdrop of a relatively flat European sports betting revenue (down 0.2% YoY). Regional online casino revenue grew 41% YoY, while total UK revenue went up by 37% YoY.
Meanwhile, online gaming revenue in Spain grew by 28% for the quarter, with a 5% surge in total revenue. Super Group also anticipates movements in Germany, expected to launch a slots offering sometime in the first half of this year.
Still, increased tax expenditure will have an impact on the group’s FY26 results, with the UK hiking Remote Gaming Duty from 21% to 40% in April of this year.
Breaking down Africa, the continent accounted for 42% of the Group’s total Q4 net revenue of $568m, with the share representing a 7% YoY increase.
Africa was the biggest net revenue contributor for the quarter. While sports revenue did not meet performance expectations, online casino revenue for Q4 went up 28% YoY.
Management expects more in 2026
Super Group remains confident of improved performance for FY26, expecting total group revenue north of $2.55bn and Adjusted EBITDA of more than $680m. The company will have a webcast later today, providing a more in-depth overview of the results.
“2025 was a standout year for Super Group,” said Neal Menashe, Super Group’s Chief Executive Officer. “We sharpened our focus by exiting the U.S. iGaming market and concentrating resources in countries where we expect durable advantages – driving record customer growth.
“Despite some unfavorable sports outcomes late in the quarter, Q4 was another record-breaking period for monthly active customers, wagers, and deposits.
“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.”
Super Group has posted strong financial tailwinds in its core markets as it shifts focus away from the US into Europe and Africa. For the FY25 trading period, total group revenue went up 22% YoY to $2.23bn (£1.65bn), with revenue excluding the US totalling $2.19bn. The US business operated at a $14m Adjusted EBITDA loss,