Super Group, based on strong third-quarter results, has raised its full-year revenue forecast for 2025 to between $2.17 billion and $2.27 billion. This growth is primarily due to significant improvements in the UK and African markets, as well as record-high user activity.
Core Financial Performance
The group's revenue reached $556.9 million in the third quarter, an increase of nearly 26% year-over-year. Adjusted EBITDA grew significantly by 65.2% to $152 million, and net profit surged by 830% to $95.8 million year-over-year. The company's cash reserves are at $462 million, indicating a robust financial condition.
Regional Market Dynamics
The UK market saw a revenue increase of 71%, with sports betting and online casinos growing by 89% and 67%, respectively. The African market's revenue increased by 36%, with South Africa, Malawi, and Tanzania being the main drivers. During the same period, revenue in Latin America declined, while the Canadian market grew by 15% excluding Ontario.
Strategic Adjustments and Future Outlook
Super Group plans to exit the US market in the fourth quarter to focus on high-return areas. Analysts believe the company needs to further explore emerging markets to maintain growth momentum. Its monthly active users exceeded 6 million in September, reflecting the effectiveness of product innovation and localization strategies.
