Super Group, the parent company of prominent online brands Betway and Spin, has announced a record-breaking financial performance for Q2 of 2025.
The company achieved its highest-ever quarterly revenue and adjusted earnings, driven by significant growth in key European and African markets.
Total group revenue for the quarter ending June 30, 2025, surged to $579.4 million, a substantial 30% increase compared to the same period last year.
This top-line growth was accompanied by even more impressive profitability, as group adjusted EBITDA climbed 78% year-on-year to reach $157 million, resulting in a robust EBITDA margin of 27%.
The company maintains a strong balance sheet, reporting no debt and holding $393 million in unrestricted cash.
Regional performance was led by Europe, where the UK market delivered exceptional results with sports revenue soaring by 120% and casino revenue growing by 75%. Spain also contributed with a 44% increase in casino revenue.
The African segment continued its strong trajectory, with seven of the company’s eight markets in the region holding top-three market positions. Ghana was a standout performer, with sports revenue up 48% and casino revenue up 71%.
In the Americas, Canada saw a 20% rise in casino revenue, which helped offset a slight decline in its sports vertical.
A major strategic development during the quarter was the company’s decision to exit the US iGaming market, citing regulatory changes that impacted long-term profitability.
The exit will incur one-off costs, including a $63.9 million non-cash impairment charge.
Despite this, the strength of its global operations has led Super Group to upgrade its full-year guidance amid its Q2 record performance.
Excluding the US, the company now anticipates full-year adjusted EBITDA to be in the range of $500–$510 million, a notable increase from the previous forecast of $480 million, signaling strong confidence in its ongoing international strategy.
