Business Consortium Boosts 2025 Projections Following Impressive Third Quarter Performance
Super Group Reports Strong Q2 Performance and Raises Full-Year Outlook
In a recent announcement on August 7, Super Group, the global online gaming operator, reported a Q2 revenue of $579 million, setting the stage for a stronger second half. The company's robust performance has led to an upward revision of its full-year 2025 financial expectations.
The CEO of Super Group, Neal Menashe, stated that the company's performance through the third quarter demonstrates the resilience of its model and the strength of its execution. The company's improved financial outlook is attributed to steady casino engagement and growing sports betting activity.
Super Group's global business has outperformed expectations due to better operational leverage across markets. The company operates Betway, its global online sports betting brand, and Spin, its online casino platform. However, the U.S. market has not yet contributed to Super Group's growth, as its international operations have.
Despite Q3 traditionally being a quieter period for wagering, Super Group's results for the quarter were better than expected. During a traditionally softer period for sports betting, Super Group delivered higher customer activity and stronger margins.
The U.S. operations of Super Group are expected to generate revenues exceeding $40 million in 2025, but are projected to incur an adjusted EBITDA loss of approximately $25 million for the year. The company anticipates closing certain U.S. operations in early Q4.
Super Group has raised its adjusted EBITDA forecast for full-year 2025 to $550m-$560m. The company also revised its full-year 2025 revenue forecast to be between $2.125bn and $2.2bn. The strong contributions from both sports and casino, deeper customer engagement, and continued margin improvement across key markets have contributed to this upward revision.
Neal Menashe, the CEO of Super Group, expressed confidence in the company's ability to deliver for its shareholders. The company's U.S. operations, despite the projected loss, are expected to play a significant role in Super Group's growth in the future. The company's focus on operational efficiency and strategic decision-making will continue to drive its success in the coming years.
