Super Group Posts Record-Breaking Q1 Results, Reaffirms 2026 Guidance

Super Group, the company behind Betway and Spin, has published its financials for the three months ended March 31. In its report, the company revealed double-digit growth in revenue and EBITDA, highlighting a strong period for its business.

The Company’s Metrics Improved Across the Board

Super Group’s unaudited consolidated results for Q1 2026 outlined revenue of $612 million, up 18% year-on-year. For comparison, the company reported $517 million in revenue for the same period in 2025. The increase was driven by strong performance in the Africa, Europe, Americas, and Rest of World segments.

The company’s profit for the period reached $86 million, making a clear increase from $59 million in the prior year period.

Adjusted EBITDA, on the other hand, experienced a 36% increase to $152 million versus $111 million in Q1 2025.

Super Group stated that its number of monthly active customers reached 6.4 million, equivalent to an increase of 18% year-on-year.

However, the company noted that its cash and cash equivalents available as of March 31, 2026, experienced a decrease to $422 million, compared to $513 million at December 31, 2025. This decrease was due to investing and financing activities, as well as a loss of $8 million due to currency fluctuations.

Super Group Announced Change in Segment Reporting Basis

In its report, Super Group also confirmed a change in its basis of segment reporting. Whereas the company previously reported its results based on its two main brands, the sportsbook and casino Betway and the multi-brand iGaming operator Spin, Super Group will now report its results under two new segments: Africa and International.

Super Group noted that the change reflects the change of its internal management structure, as well as its shift in strategic focus to regional performance.

In line with this change, Super Group reported Q1 revenue of $267 million for the Africa segment, as well as revenue of $339 million for the International segment.

A Record-Breaking Start to 2026

Neal Menashe, Super Group’s chief executive officer, commented on Q1, calling it a “record-breaking start” to 2026. He was pleased with the company’s performance, attributing its record-breaking metrics to the strength of his team’s strategy, the discipline of the team, and the power of Super Group’s brands.  

With a highly stable casino business, fortified sports trading capabilities ahead of the World Cup, and strong momentum across regions, we believe that Super Group is well-positioned for the remainder of 2026.

Neal Menashe, CEO, Super Group

Alinda van Wyk, Super Group’s chief financial officer, applauded the strong financial performance and reaffirmed Super Group’s 2026 targets of $2.55 billion in revenue and an adjusted EBITDA of over $680 million.