Betway operator Super Group delivered a standout second quarter, with growth largely driven by continued success in Africa.
NYSE-listed Super Groups revenue increased by 30% year-on-year to $579.4 million during Q2.
It said in an earnings update on Thursday that growth was powered by increased activity in Africa, Europe and North America markets and lead to record quarterly revenue for Super Group.
However, figures were partially offset by declines across the LatAm, Middle East and Asia-Pacific markets.
Monthly active customers for Super Group increased by 21% to 5.5 million, compared to 4.5 million in Q2 2024, marking the fifth consecutive quarter of monthly active customer growth.
In Q2 Africa and the Middle East accounted for 40% of the groups total revenue, up slightly from 37% in Q2 last year. The segment remains the largest for Super Group, with North America and Europe in second and third place at 34% and 19% of total revenue respectively.
Profit before tax, meanwhile, amounted to $38.8 million.
The results have led Super Group to raise its full-year adjusted EBITDA guidance to $470-$480 million, with its ex-US adjusted EBITDA target also upped to $500-$510 million.
Super Group CEO Neal Menashe hailed the companys strong showing in the first half of 2025. The quarters 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, he said.
Super Group CFO Alinda van Wyk added: These results underscore our scalable, cost-efficient operating model and controlled marketing spend.
We ended the quarter with $393 million in unrestricted cash and zero debt, and returned $20 million to shareholders, bringing our 12-month capital returns to $166 million.
Total adjusted EBITDA for Super Group in Q2 stood at a quarterly record $156.7 million, a 78% increase despite a $5.4 million EBITDA loss in the US.
During the period Super Group announced it would fully exit the US, meaning its remaining iGaming offerings in New Jersey and Pennsylvania would be shut down. North America, including its business in Canada, recorded $199 million in revenue during Q2.
The exit, which has no specific public date attached to it, is expected to cost $30-$40 million.
Menashe believes the US exit will ultimately aid the company in the future, explaining: While our decision to exit the US 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.
In the companys Q1 results, Super Group announced its activities in Africa and the Middle East overtook North America as its biggest market.
That growth continued in Q2, with Super Groups Africa and Middle East revenue rising 38.8% year-on-year from $165 million to $229 million.
Across H1, Africa and Middle East revenue also increased from $317 million to $432 million.
Across its eight African markets, Super Group ranks as a podium player in seven of those.
Ghana particularly continues to be a strong growth market for Super Group, with sports betting and casino growth up 48% and 71% respectively.
