Explore hidden crypto community
External resource highlighted for Gambling Paradise readers.
Super Group has lowered its 2026 revenue and earnings targets after a $40m loss in sports betting that pushed the sports margin below its 24-month average of 13.7%.
2026 Guidance Revision
The group now expects adjusted EBITDA of $700m–$720m, down from the more than $710m it guided to in August, and a revenue range of $2.525bn–$2.575bn, below the more than $2.6bn forecast earlier.
Chief financial officer Alinda van Wyk said the sports hit cost about $25m of quarterly adjusted EBITDA, according to an Investing.com transcript of the earnings call. The revised guidance assumes the fourth-quarter sports margin stays within the company’s normal range.
Quarter-by-Quarter Performance
Online casino carried the quarter as betting revenue slipped. Revenue for the three months to 30 September rose 10% to $611m, compared with $557m a year earlier. Adjusted EBITDA grew 8% to $165m from $152m. Average monthly active customers increased 9% to 6.0 million from 5.5 million.
In the International segment, which includes Europe, iGaming revenue rose 6.9% to $310m, while sportsbook revenue fell 8.3% to $33m. Segment revenue rose to $344m from $328m. Africa grew faster, with iGaming revenue climbing 21.3% to $205m and sportsbook revenue edging up to $57m from $55m. Africa made up 43% of reportable segment revenue, up from 41% a year earlier.
Europe brought in $115m, up from $108m. Over nine months, European revenue reached $360m, against $312m a year earlier. Management told analysts that European revenue grew 6%, led by a 13% rise in the UK.
Total wagering rose 11% for casino and 4% for sports. International adjusted EBITDA grew 24% to $93m, with the segment’s margin expanding by upwards of 400 basis points despite a heavier tax bill.
Cash Position and Shareholder Returns
Super Group ended September with $602m in cash, 30% more than a year earlier. It returned about $223m to shareholders over the previous 12 months, including around $25m in dividends in the third quarter. The new buyback adds to those returns.
2027 Growth Outlook
Management listed Namibia, Rwanda, Zimbabwe, Mozambique, New Zealand, Germany and Kenya as growth opportunities for 2027. In Germany, chief executive Neal Menashe said the group now has online slots approval and hopes to go live soon.
Related coverage
- RTP and expected-loss calculator
- Flutter’s UK Casino Revenue Climbs 12% as 40% Duty Cuts International EBITDA
- Caesars Q3 earnings: Las Vegas revenue slides while digital and regional units grow