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Super Group EBITDA Rises 120% in Q1 2025
Super Group posted record Q1 revenue of $517m, with adjusted EBITDA up 120%, driven by strong margins and steady casino growth in key markets.
Super Group, owner of Betway and Spin, has reported a big jump in profits for Q1 2025. Revenue hit a record $517 million, up 25% from $412 million in Q1 last year. Adjusted EBITDA more than doubled, rising 120% to $111 million.
Most of the company’s revenue came from outside the US, reaching $502 million, while adjusted EBITDA outside the US was $121 million, up 62%. The company saw major growth in Africa, Europe, and Canada. But there were drops in Latin America, the Middle East, and Asia-Pacific.
Neal Menashe, CEO at Super Group, said:
“We started 2025 on a high note, delivering a strong first quarter with impressive revenue growth, a surge in customer acquisition, and effective retention strategies.”
Super Group’s biggest business remains online casino, bringing in $404 million this quarter – $205 million from Betway and $199 million from Spin. Sports betting brought in $106 million, up from $79 million last year. Africa led the way regionally, with revenue growing from $151 million to $203 million.
Super Group CFO Alinda van Wyk mentioned:
“Our balance sheet remains strong with unrestricted cash of $351m, despite increasing the minimum dividend target and paying $95.7m, representing the 2024-year end and 2025 first quarter dividend. This brings the total dividends paid to $145.8m over the last 12 months.”
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