Super Group, parent company of iGaming super brands Betway and Spin, has released its unaudited financial results for Q2 2025, reporting record revenue of US$579.4 million (£431.71m), marking an increase of 30 percent, year-on-year, driven by key performance in its Africa, Europe, and North America markets.
Adjusted EBITDA for the quarter reached US$156.7 million (£116.73), up 78 percent from the same period in the previous year.
Excluding the U.S. segment, adjusted EBITDA stood at $162 million (£120.74m), with a U.S. loss of -US$5.4 million (-£4.02m).
Monthly Active Customers increased to 5.5 million, a 21 percent rise from the same quarter last year. The company paid US$20.2 million (£15.05m) in dividends during the quarter, bringing total capital returns over the last 12-months to US$166 million (£123.72m).
By geography, the Africa and Middle East region contributed some 40 percent of total revenue, followed by North America at 34 percent, Europe at 19 percent and Asia-Pacific and LATAM, six percent and one percent, respectively.
iCasino Dominates
Product-wise, online casino accounted for the largest share of revenue at US$454 million (£338.46m), followed by sports betting at US$116 million (£86.48m) and brand licensing at US$8 million (£5.96m). Other income sources totalled US$1 million (£745,759).
The company has raised its full-year 2025 Adjusted EBITDA guidance to up to US$480 million (£357.98m).
But the U.S. segment is expected to report a loss of -US$30 million loss (-£22.37m), not including the one-off costs associated with Super Group’s exit from that market.
A full set of interim financial statements for the six months ending June 30, 2025, is expected by the end of August.
“We had a super first half of 2025, driven by a record-breaking second quarter,” attested Super Group CEO Neal Menashe.
Success
“Q2’s success was fuelled by strong execution across our key markets, a full calendar of global sporting events, increased deposits, high customer retention, and margin expansion.
“While our decision to exit the U.S. was difficult, we believe that this step demonstrates our commitment to capital efficiency and long-term profitability. With continued focus on scaling our technology globally, Super Group should be even better positioned for sustained, profitable growth.”
Alinda Van Wyk, Super Group’s Chief Financial Officer, added: “Q2 marked the strongest quarterly financial performance in Super Group’s history.
“These results underscore our scalable, cost-efficient operating model and controlled marketing spend.
“We remain confident in delivering long-term value to our shareholders.”
