Super Group is raising its full year revenue and adjusted EBITDA forecast after delivering another strong period of growth in the third quarter of 2025.
The operator said that the Q3 performance to-date has outperformed expectations, despite what is usually a softer seasonal period, with strong sports betting results complemented by continued customer engagement in casino.
As a result of this continued momentum, Super Group now expects to generate full year revenue of between $2.125 billion to $2.20 billion, with revenue excluding the United States to be between $2.085 billion and $2.16 billion. US revenue is expected to be greater than $40 million in 2025.
The company has also raised its adjusted EBITDA guidance for the year to between $550 million and $560 million, with ex-US adjusted EBITDA slated to be between $575 million and $585 million.
The US business is expected to post an adjusted EBITDA loss of approximately $25 million in 2025, and final closure of the US business is expected in the fourth quarter of the year.
“Our performance through the third quarter continues to demonstrate the resilience of our model and the strength of our execution,” said Super Group CEO Neal Menashe. “We’re seeing strong contributions from both sports and casino, deeper customer engagement, and continued margin improvement across key markets. As a result, we’re pleased to raise our full-year outlook and remain confident in our ability to deliver for our shareholders.”
Super Group chief financial officer Alinda van Wyk added: “The consistency of our financial performance this quarter gives us confidence in our ability to drive both top-line and margin expansion.
“With cost ratios improving and our product-led strategy gaining traction, we remain focused on disciplined execution and long-term value creation.”
Shares in Super Group Ltd (NYSE:SGHC) closed 1.68 per cent lower at $12.87 per share in New York Wednesday.