The Betway and Spin operator now expects full-year revenue of $2.525 billion to $2.575 billion, down from a previous forecast of more than $2.6 billion, and adjusted EBITDA of $700 million to $720 million, compared with more than $710 million before. According to CFO Alinda van Wyk, sports results cut quarterly revenue by $40 million and adjusted EBITDA by $25 million.
Adjusted EBITDA for the quarter grew 8% to $165 million, and profit increased to $142 million from $96 million. iGaming revenue rose in both segments, climbing 21.3% to $205 million in Africa and 6.9% to $310 million in International. Monthly active customers rose 9% to six million.
Neal Menashe, CEO of Super Group, said:
“Q3 once again demonstrated the strength and resilience of our casino-led business model. Despite customer-friendly sports results, we continued to grow revenue and adjusted EBITDA. Casino provides a durable earnings base that allows us to absorb short-term sports volatility.”
Super Group also announced a $150 million share buyback to run over the next 14 months. It held $602 million in cash and cash equivalents at the end of September.
