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Super Group lifts full-year outlook after record second quarter

Super Group, the parent company of Betway, Spin, Jackpot City Casino and Lucky Nugget Casino, reported revenue of $684 million for the second quarter of 2026, an increase of 18% from $579 million in the same period last year.

The company had exited the US-regulated market following its second-quarter results last year, though this year’s earnings show no impact from that exit.

Profit for the quarter totaled $123 million, compared with a $3 million loss in 2Q25. Adjusted EBITDA rose 30% to $204 million, taking the company’s margin to a record 30%. Monthly active customers increased 13% to 6.2 million.

Segment and product breakdown

By geography, revenue from Africa grew 36% to $310 million. International revenue, covering Europe and the Americas, rose 7% to $368 million, made up of $325 million in iGaming revenue — up from $299 million a year earlier — and $42 million in sportsbook revenue, down from $44 million in 2Q25.

By product line, online casino revenue increased 16% to $527 million, while sports betting revenue grew 29% to $150 million.

Super Group ended June with cash and cash equivalents of $548 million, up from $513 million at the end of last year, and no debt. Operating activities generated cash inflows of $248 million during the quarter.

Investing outflows totaled $58 million, including a $28 million payment made in March tied to the acquisition of Apricot sportsbook, of which the company assumed full ownership in February.

Financing outflows amounted to $157 million, which included $25 million returned to shareholders through dividends during the quarter — bringing total capital returned over the trailing 12 months to $218 million.

World Cup momentum and Manchester United deal

The company pointed to increased betting activity around the FIFA World Cup in June as a driver of the quarter’s results. During the period, Betway signed a training kit sponsorship agreement with Manchester United, a deal reached amid the Premier League’s voluntary ban on front-of-shirt gambling sponsorships.

Citing the strength of the quarter, Super Group raised its full-year 2026 guidance. The company now expects total revenue to exceed $2.6 billion, up from a prior forecast of more than $2.55 billion, and adjusted EBITDA to exceed $710 million, compared with a previous forecast of more than $680 million.

The second quarter generated record performance across Super Group, marking all-time highs in Revenue, Adjusted EBITDA, deposits and wagering. While we maximized the commercial boost from the FIFA World Cup, these results once again demonstrate the core strength of our casino-led, diversified business model, disciplined execution, and highly durable customer base,” said Neal Menashe, Super Group CEO.

“In tandem with this momentum, we secured Betway’s landmark partnership with Manchester United, further strengthening our global presence and growth ambitions. As we continue to invest in our brands, products, and technology, we remain confident in our ability to compound value for our shareholders,” he added.

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