Super Group (SGHC) (SGHC) Company Report

Analyst Coverage

Research analysts who have asked questions during Super Group (SGHC) earnings calls.

Bernard McTernan

Needham & Company

4 questions for SGHC

Also covers: APP, BBBY, BYON +17 more

Jed Kelly

Oppenheimer & Co. Inc.

4 questions for SGHC

Also covers: ABNB, BKNG, CARG +11 more

Jason Tilchen

Canaccord Genuity Group Inc.

3 questions for SGHC

Also covers: ARBK, BOWL, DKNG +4 more

Michael Hickey

The Benchmark Company, LLC

3 questions for SGHC

Also covers: CNK, EA, GAMB +8 more

Clark Lampen

BTIG, LLC

1 question for SGHC

Also covers: APP, DKNG, FLUT +6 more

Jordan Bender

JMP Securities

1 question for SGHC

Also covers: AMC, BALY, BRAG +14 more

Michael Graham

D.A. Davidson & Co.

1 question for SGHC

Also covers: ACVA, DKNG, EVER +3 more

Mike Hickey

The Benchmark Company LLC

1 question for SGHC

Also covers: CNK, EA, GAMB +8 more

Ryan Sigdahl

Craig-Hallum Capital Group

1 question for SGHC

Also covers: ABG, CDRO, CNTY +19 more

William Lampen

BTIG

1 question for SGHC

Also covers: APP, DKNG, FLUT +1 more

Latest news

Recent press releases and 8-K filings for SGHC.

Super Group Provides Full-Year 2025 Business Update and Declares Special Cash Dividend

SGHC

Guidance Update

Dividends

Earnings

Super Group (SGHC) Limited provided a business update for the fourth quarter and full-year 2025.
The company announced a special cash dividend of $0.25 per ordinary share, payable on February 9, 2026, to shareholders of record as of February 2, 2026.
Super Group expects full-year 2025 revenue to be between $2.17 and $2.27 billion and Adjusted EBITDA between $555 and $565 million, both within previously stated guidance ranges.
The company reported strong casino performance and record highs in monthly active customers and customer deposits in Q4 2025, despite lower sports hold in December due to customer-friendly outcomes.

Jan 21, 2026, 1:00 PM

6-K

Super Group Provides Full-Year 2025 Business Update and Declares Special Dividend

SGHC

Earnings

Guidance Update

Dividends

Super Group (SGHC) expects its full-year 2025 revenue to be between $2.17 and $2.27 billion and Adjusted EBITDA between $555 and $565 million, consistent with previously stated guidance.
The Board of Directors has declared a special cash dividend of $0.25 per ordinary share, payable on February 9, 2026, to shareholders of record as of February 2, 2026.
The company reported strong underlying business metrics for the fourth quarter of 2025, including record highs in monthly active customers and customer deposits, with robust casino performance offsetting lower sports hold in December.
These financial results are preliminary and are subject to change upon completion of the audit for the year ended December 31, 2025.

Jan 21, 2026, 1:00 PM

Press Release

Super Group Reports Strong Q3 2025 Results and Raises Full-Year Guidance

SGHC

Earnings

Guidance Update

Product Launch

Super Group reported Q3 2025 revenue of $557 million, a 26% year-over-year increase, and adjusted EBITDA of $152 million, up 65% year-over-year, with a robust 27% margin.
The company raised its full-year 2025 guidance, projecting group revenue between $2.17 and $2.27 billion and group-adjusted EBITDA between $555 and $565 million.
Operational highlights include a record six million monthly active customers in September, with Europe's revenue surging 46% year-over-year, Africa growing 36%, and North America increasing 14%.
Super Group announced the upcoming Q4 launch of Supercoin, a South African rand-pegged digital asset stablecoin, in partnership with Luno, with a digital asset wallet expected in Q1 2026.

Nov 4, 2025, 1:45 PM

Transcript

Super Group Reports Strong Q3 2025 Results and Raises Full-Year Guidance

SGHC

Earnings

Guidance Update

Product Launch

Super Group reported Q3 2025 revenue of $557 million, a 26% year-over-year increase, and Adjusted EBITDA of $152 million, up 65% year-over-year with a 27% margin.
The company raised its full-year 2025 guidance for group revenue to between $2.17 billion and $2.27 billion and adjusted EBITDA to between $555 million and $565 million.
Customer engagement reached a record 6 million monthly active customers in September, a figure already surpassed in October.
Super Group announced the Q4 2025 launch of Supercoin, a South African rand peg digital asset stablecoin, with a digital asset wallet expected in Q1 2026, starting in South Africa.
Regional performance was strong, with Europe revenue surging 46% year-over-year (UK up 71%, Spain up 111%) and Africa growing 36% year-over-year.

Nov 4, 2025, 1:45 PM

Transcript

SGHC Reports Strong Q3 2025 Results and Raises Full-Year Guidance

SGHC

Earnings

Guidance Update

Dividends

Super Group (SGHC) reported Total Group Revenue of $557 million for Q3 2025, marking a 26% year-over-year growth. Group Adjusted EBITDA increased by 65% year-over-year to $152 million, achieving a 27% margin.
The company reached a new all-time high for Average Unique Monthly Active Customers of 5.5 million in Q3 2025, an 18% year-over-year increase, with a record of approximately 6 million in September.
SGHC updated its 2025 guidance, raising the Total Revenue outlook to $2.17 - $2.27 billion and the Adjusted EBITDA outlook to $555 - $565 million.
The company paid out $20 million in dividends during Q3 2025 and held $462 million in consolidated cash and cash equivalents as of September 30, 2025.
SGHC announced the planned launch of a South African Rand (ZAR) Pegged Stablecoin on the Solana Blockchain in November 2025, in strategic partnership with Luno.

Nov 4, 2025, 1:45 PM

Presentation

Super Group Reports Strong Q3 2025 Results and Raises Full-Year Outlook

SGHC

Earnings

Guidance Update

Product Launch

Super Group reported a 26% increase in Q3 2025 revenue to $556.9 million, with adjusted EBITDA rising 65% to $152.1 million and profit reaching $95.8 million.
The company raised its full-year revenue guidance to between $2.17 billion and $2.27 billion and adjusted EBITDA guidance to $555 million to $565 million.
Super Group reached six million monthly active customers and maintains a robust balance sheet with $461.9 million in cash.
The company paid $20.2 million in dividends during Q3 2025 and plans to launch 'Super Coin' in Q4 2025, though analysts maintain a cautious outlook due to valuation concerns.

Nov 3, 2025, 10:14 PM

Morningstar

Super Group Reports Strong Q3 2025 Financial Results and Raises Full-Year Guidance

SGHC

Earnings

Guidance Update

Revenue Acceleration/Inflection

Super Group (SGHC) reported revenue of $556.9 million for the third quarter of 2025, representing a 26% increase from the prior year.
Profit for the period was $95.8 million and Adjusted EBITDA grew by 65% to $152.1 million in Q3 2025.
The company raised its full-year 2025 guidance, projecting revenue between $2.17 - $2.27 billion and Adjusted EBITDA between $555 - $565 million.
Super Group maintained a robust balance sheet with $461.9 million in cash and cash equivalents as of September 30, 2025.

Nov 3, 2025, 9:01 PM

Press Release

SGHC Announces Third Quarter 2025 Financial Results

SGHC

Earnings

Guidance Update

Revenue Acceleration/Inflection

Super Group (SGHC) Ltd. reported revenue of $556.9 million for the third quarter of 2025, marking a 26% increase from the same period in the prior year.
Profit for the period was $95.8 million for the third quarter of 2025, compared to $10.3 million in the third quarter of 2024.
Adjusted EBITDA increased by 65% to $152.1 million for the third quarter of 2025, up from $92.0 million in Q3 2024.
The company is raising its full-year Group Revenue guidance to between $2.17 - $2.27 billion and Adjusted EBITDA guidance to between $555 - $565 million.
Cash and cash equivalents totaled $461.9 million as of September 30, 2025.

Nov 3, 2025, 9:00 PM

6-K

Super Group Updates 2025 Financial Guidance and Announces U.S. iGaming Market Exit

SGHC

Guidance Update

New Projects/Investments

Dividends

Super Group updated its full-year 2025 guidance, projecting revenue between $2.125 billion and $2.2 billion and adjusted EBITDA between $550 million and $560 million. The company also aims for organic compound revenue growth of approximately 10% annually from 2025 to 2028, with adjusted EBITDA margins growing closer to 30%.
The company announced its exit from the U.S. iGaming market, expecting to complete the wind-down in the next couple of months, and will reallocate approximately $185 million originally projected for 2026 to higher-return markets. This strategic decision follows previous exits from markets like India due to a lack of a clear path to profitability.
Super Group has enhanced operational efficiency, reducing headcount from 4,000 to 3,000 employees since its 2022 listing , achieving a 60% reduction in high-impact outages , and seeing a 200% increase in AI adoption within its Spin segment. The business model is diversified, with 80% of revenue from casino and 20% from sports, and 65% of revenue now originating from regulated markets.
Customer engagement and retention remain strong, with monthly active customers growing from 3.5 million in Q1 2023 to 5.5 million in Q2 2025. Notably, 74% of H1 2025 revenue was generated from customers acquired before 2025, indicating a stable and persistent revenue base.
Financially, Super Group maintains a strong balance sheet with an unrestricted cash position of $393 million at the end of Q2 2025 and zero debt. The company has also returned $166 million to shareholders through dividends over the last 12 months.

Sep 18, 2025, 12:00 PM

Transcript

Super Group Raises 2025 Guidance and Outlines Medium-Term Goals

SGHC

Guidance Update

New Projects/Investments

Dividends

Super Group raised its 2025 guidance for Combined Total Revenue to $2.125 - $2.20 billion and Combined Adjusted EBITDA to $550-$560 million.
The company expects to shut down its U.S. business (DGC) in early October, projecting $35 million in annual savings and reallocation of $185 million to $215 million in resources and capital.
Super Group outlined medium-term goals for 2025E-2028, targeting an Organic Market Revenue CAGR of 10%+, EBITDA Margin of >29%, and Free Cash Flow Conversion of 60-70%, with annual dividends >16 cents.
As of the latest available LTM data, Super Group reported $2.1 billion in Revenue, $486 million in Adjusted EBITDA, and 5.5 million Average Unique Monthly Active Customers.