Africa drives 30% revenue growth for Super Group in Q2

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Africa drives 30% revenue growth for Super Group in Q2

Article Date: Thu, 07 Aug 2025 11:48:36 +0000
Author: Kyle Goldsmith

Summary

NYSE-listed Super Group posted record revenue in Q2, with total revenue up 30% year-on-year to $579.4m. The company attributed the uplift to stronger activity across Africa, Europe and North America, while LatAm, the Middle East and APAC showed declines.

Key operational highlights include a 21% rise in monthly active customers to 5.5 million, record adjusted EBITDA of $156.7m (up 78% despite a $5.4m EBITDA loss in the US), profit before tax of $38.8m, $393m in unrestricted cash with zero debt, and a $20m shareholder return in the quarter. Super Group raised full-year adjusted EBITDA guidance to $470–$480m and ex-US adjusted EBITDA to $500–$510m.

Source

Source: https://igamingbusiness.com/finance/quarterly-results/super-group-record-revenue-q2/

Key Points

  • • Q2 revenue reached $579.4m, a 30% increase year-on-year.
  • • Monthly active customers rose 21% to 5.5 million, the fifth consecutive quarter of growth.
  • • Africa & Middle East accounted for 40% of group revenue in Q2 (up from 37% a year earlier) and remain the largest segment.
  • • Adjusted EBITDA hit a quarterly record $156.7m (up 78%) even with a $5.4m US EBITDA loss.
  • • Super Group announced a full exit from the US market, an action expected to cost $30–$40m.
  • • Management raised full-year adjusted EBITDA guidance (group and ex-US), signalling confidence in margin expansion.
  • • Strong cash position: $393m unrestricted cash, zero debt; $20m returned to shareholders in the quarter ($166m in 12 months).
  • • Africa & Middle East revenue rose 38.8% in Q2 (from $165m to $229m); H1 for the region grew from $317m to $432m. Ghana showed notable growth: sports betting +48% and casino +71%.

Why should I read this?

Short version: Super Group’s strategy is working — Africa is firing and it’s big enough to lift the whole group’s numbers. If you track operator performance, market shifts or regional growth plays in iGaming, this earnings update shows where the momentum is and why management is nudging up guidance. We’ve done the reading for you — this is the quarter that explains the company’s current focus and capital position.

Context & relevance

This result underlines a broader trend in the industry: growth concentrated in higher-performing regional markets can offset weaker areas and support stronger margins. Super Group’s rising customer base, improved EBITDA and clean balance sheet give it flexibility as it exits the US and doubles down on scalable, cost-efficient markets — particularly across Africa and the Middle East. For investors and sector watchers, the numbers justify the company’s strategic pivot and increased guidance for 2025.