Boosted by its dominant Africa operations, iGaming operator Super Group has reported a record-breaking Q1 2026, featuring an 18 percent, year-on-year, surge in revenue of US$612 million, alongside profit of US$86 million and adjusted EBITDA of US$152 million.
The Guernsey, Channel Islands-headquartered company, publically-listed on the NYSE, and parent company of top digital brands Betway and Spin, affirmed that growth during the quarter was driven by activity across Africa, Europe, the Americas and Rest of World markets, with Canada highlighted as a contributor within The Americas region.
Profit for the quarter increased from US$59 million in Q1 2025 to US$86 million, while non-GAAP adjusted EBITDA rose 36 percent from US$111 million to US$152 million. Monthly active customers increased by 18 percent, year-on-year, to 6.4 million players.
Cash and cash equivalents stood at US$422 million as of 31 March 2026, compared to US$513 million at the end of 2025.
During the quarter, Super Group recorded inflows from operating activities of US$87 million and outflows from investing activities of US$41 million.
Greater Visibility
Super Group also announced a change in its reporting structure, replacing the previous Betway and Spin segment model with Africa and International reportable segments and underlined that the adjustment reflects changes in internal management and resource allocation, with the revised structure intended to provide greater visibility into regional market performance and strategic priorities.
Under the new reporting format, the Africa segment generated revenue of US$267 million in Q1 2026, up from US$201 million in the prior-year period.
iGaming revenue in the segment totalled US$190 million, while sportsbook revenue reached US$77 million. Adjusted EBITDA for Africa increased to US$98 million from US$80 million.
Super Group’s International segment reported revenue of US$339 million, compared to US$311 million in Q1 2025. Within the segment, iGaming revenue totalled US$299 million and sportsbook revenue reached US$38 million. Adjusted EBITDA for the International business increased to US$73 million from US$58 million.
Strategic Strength
Geographically, Africa accounted for 44 percent of reportable segment revenue during the quarter, up from the 39 percent of the comparable period of 2025; while the International segment represented 56 percent of revenue. The Americas contributed 32 percent of total reportable segment revenue, Europe accounted for 19 percent, and Rest of World markets represented five percent.
Super Group reaffirmed its Full Year 2026 guidance, projecting revenue of more than US$2.55 billion and adjusted EBITDA above US$680 million.
“Q1 2026 was a record-breaking start to the year for Super Group, with all-time highs in revenue, monthly active customers, deposits, and wagering,” affirmed Super Group CEO Neal Menashe.
“Our performance reflects the strength of our strategy, the power of our brands, and the discipline of our team. Africa delivered another excellent quarter, while our International segment continued to gain traction.
“We also strengthened our leadership team with key appointments, reinforcing our commitment to operational excellence and accelerated growth.
“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.”
Added Super Group CFO Alinda Van Wyk: “Our first quarter demonstrates both the robustness and scalability of our business model.
“Our projections are supported by our conviction in the sustainability of our business, effective execution across various regions, and the operating leverage inherent in our operations.”
