Super Group Posts Record-Breaking Q1 Results, Reaffirms 2026 Guidance
Strong Financial Growth in Q1 2026
Super Group, the parent company of Betway and Spin, announced impressive financial results for the first quarter ending March 31, 2026. The company reported significant double-digit growth in both revenue and EBITDA, marking a robust start to the year.
Improvements Across Key Performance Indicators
In its unaudited consolidated financials for Q1 2026, Super Group recorded revenue of $612 million, representing an 18% increase compared to $517 million in the same quarter of 2025. This growth was driven by strong contributions from its Africa, Europe, Americas, and other international markets.
Profit for the quarter rose to $86 million, up notably from $59 million the previous year. Adjusted EBITDA saw an even sharper increase, jumping 36% from $111 million in Q1 2025 to $152 million in the current period.
The company also highlighted a rise in its monthly active customer base to 6.4 million, an 18% year-over-year increase. However, cash and cash equivalents decreased to $422 million by March 31, down from $513 million at the end of 2025, due to investment activities, financing, and an $8 million loss attributed to currency fluctuations.
Transition in Reporting Structure
Super Group announced a change in how it segments and reports its financial results. Rather than categorizing performance by its two major brands—Betway and Spin—the company will now report under two geographic segments: Africa and International. This shift aligns with a new internal management structure and a strategic focus on regional market performance.
For Q1 2026, revenue for the Africa segment was $267 million, while the International segment generated $339 million.
A Promising Outlook for the Year Ahead
Neal Menashe, CEO of Super Group, described the first quarter as a record-breaking period, crediting the success to the company’s well-executed strategy, operational discipline, and brand strength. He emphasized the stability of the casino business, improved sports trading capabilities leading into the World Cup, and ongoing momentum in various regions as solid foundations for continued success throughout 2026.
“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.”
Neal Menashe, CEO, Super Group
Chief Financial Officer Alinda van Wyk praised the outstanding financial results and reiterated the company’s 2026 targets of achieving $2.55 billion in revenue and an adjusted EBITDA exceeding $680 million.
