Super Group raises guidance amid strong Q3 performance
Summary
Super Group has upgraded its full‑year guidance after a stronger‑than‑expected Q3 2025. The company raised full‑year ex‑US revenue guidance to $2.13bn–$2.20bn (previously > $2.04bn) and ex‑US adjusted EBITDA to $550m–$560m (previously $470m–$480m). Management cited momentum in sports betting driven by optimised pricing and more efficient trading, steady casino engagement and improving operational leverage across core international markets. CEO Neal Menashe and CFO Alinda van Wyk highlighted resilience, margin progress and disciplined execution. Analysts at Citizens welcomed the update, noting a debt‑free balance sheet, strong cash position and a path to approximately $530m free cash flow by 2028.
Key Points
- Full‑year ex‑US revenue guidance raised to $2.13bn–$2.20bn (from > $2.04bn).
- Full‑year ex‑US adjusted EBITDA guidance raised to $550m–$560m (from $470m–$480m).
- Sports betting outperformance driven by optimised pricing and more efficient trading.
- Casino engagement remained consistent and operational leverage improved across key markets.
- Analysts positive: no debt, ample cash, and a clear path to significant free cash flow by 2028.
Context and relevance
Q3 is often a softer, seasonal period for iGaming businesses, so Super Group’s outperformance and subsequent guidance uplift are noteworthy. The update signals that product optimisation and tighter trading controls can meaningfully lift margins even without a broader market tailwind. For investors and sector watchers, the move reinforces focus on cash generation and disciplined cost management across the iGaming industry.
Why should I read this?
Short version: they smashed through a usually quiet quarter and bumped up forecasts — good news if you track iGaming stocks or Betway/Spin. If you want to know whether Super Group’s operational tweaks are turning into real cash and better margins, this is worth a quick read.
Source
Source: https://next.io/news/results/super-group-raises-guidance-strong-q3/