Super Group (SGHC) Limited (NYSE: SGHC), the parent company of global online sports betting and gaming brands Betway and Spin, has raised its full-year 2025 revenue and Adjusted EBITDA guidance following what it reports as a record-setting second quarter. Alongside the update, the company announced plans to exit the U.S. iGaming market in response to recent regulatory shifts and long-term profitability considerations.
Driven by strong sports results, optimised pricing, operational efficiencies, and sustained customer engagement across core markets, Super Group expects total revenue excluding the U.S. to exceed $2 billion for the year, up from previous guidance of $1.925 billion. Adjusted EBITDA is now projected above $480 million, also ahead of the prior $457 million estimate.
The decision to exit U.S. iGaming comes after a detailed review of global priorities and the regulatory environment. The company estimates one-time restructuring cash costs between $30 million and $40 million tied to this withdrawal, with anticipated cost savings beginning in 2026. Super Group said it is currently assessing its strategic options related to the U.S. business.
Super Group will provide a full second-quarter financial update in August, with additional details on its long-term strategy expected at its Investor Day scheduled for September 18, 2025, in London.
Neal Menashe, Chief Executive Officer, commented, “We are very pleased with our performance in the second quarter, reflecting continued momentum and discipline across our core markets and further validating the strength of our operating model and brands. We remain focused on driving profitable and sustainable growth through consistent execution and continue to be super-confident in the long-term growth potential of our business.”
Neal Menashe, Chief Executive Officer, stated, “This is a difficult decision, particularly because our U.S. team has worked hard and made progress over recent quarters. Nonetheless, recent regulatory developments combined with ongoing assessment of capital allocation requirements have led us to believe that our stringent hurdle for return on capital will likely not be met in this market any time soon. We therefore intend to focus capital and resources on markets where we see the greatest opportunity for scalable, sustainable, profitable super growth, with a disciplined emphasis on operational efficiency.”
Alinda Van Wyk, Chief Financial Officer, commented, “Various strategic exit options are under consideration. We are still early in the process but nonetheless would expect to incur a one-time cash restructuring cost of approximately $30 million – $40 million in connection with such an exit and are actively pursuing multiple efforts to minimize the impact thereof. Further details regarding these potential costs will be shared during our second quarter earnings release.”
