Super Group Raises 2026 Outlook After Record Quarter

Super Group (SGHC) Limited (SGHC ), the New York-listed parent of the Betway sportsbook and the Spin online-casino brands, posted second-quarter revenue of $684 million on August 4, 2026, up 18% on the prior year, and raised its full-year guidance after what it described as a record quarter.

Profit for the period came in at $123 million, against a $3 million loss in the same quarter of 2025. That prior-year quarter absorbed a $63.9 million non-cash impairment on Digital Gaming Corporation’s iGaming assets and a $22.6 million charge tied to onerous contracts. Monthly active customers rose 13% to 6.2 million, and adjusted EBITDA, the company’s preferred non-GAAP measure, increased 30% to $204 million with margin reaching 30%. Cash and cash equivalents stood at $548 million as of June 30, 2026, after the group returned $25 million to shareholders during the quarter.

“The second quarter generated record performance across Super Group, marking all-time highs in Revenue, Adjusted EBITDA, deposits and wagering,” chief executive Neal Menashe said. “While we maximized the commercial boost from the FIFA World Cup, these results once again demonstrate the core strength of our casino-led, diversified business model.”

The wagering demand around the World Cup, a tournament Gaming.net reported drew a $4.3 billion betting handle at US sportsbooks alone, fed straight into the top line. Menashe also pointed to the quarter’s signing of Betway’s partnership with Manchester United (MANU ), which he said strengthens the group’s global presence and growth ambitions.

The guidance raise lifts full-year 2026 total revenue expectations to more than $2.6 billion, from a prior target above $2.55 billion, and adjusted EBITDA to more than $710 million, from above $680 million. Both prior targets were set earlier in the year and reaffirmed in the company’s May 11, 2026 first-quarter report.

Chief financial officer Alinda van Wyk said the business delivered “another quarter of record revenue, profitability and cash generation,” and described the higher targets as reflecting “our strong operational performance, disciplined market expansion, and the inherent leverage of our platform.”

Super Group’s second quarter in numbers

• Revenue: $684 million, up 18% from $579 million in Q2 2025
• Profit for the period: $123 million, against a $3 million loss a year earlier
• Adjusted EBITDA: $204 million, up 30% from $157 million, at a 30% margin
• Monthly active customers: 6.2 million, up 13% from 5.5 million
• Cash and cash equivalents: $548 million as of June 30, 2026, up from $513 million at December 31, 2025
• New FY2026 guidance: total revenue above $2.6 billion; adjusted EBITDA above $710 million

What has changed since Super Group’s May report

The raise follows a first quarter, reported on May 11, 2026, in which Super Group held its full-year targets after posting $612 million of revenue and $152 million of adjusted EBITDA. That report also switched the group’s segment reporting from its two brands, Betway and Spin, to geographic segments, Africa and International, effective with the 2026 financial year.

On that geographic basis, Africa drove the quarter. Africa segment revenue rose 36% to $310 million and accounted for 46% of reportable revenue, up from a 40% share a year earlier. African iGaming revenue grew to $202 million from $156 million, while the African sportsbook reached $108 million from $72 million, a book the company had said it strengthened ahead of the World Cup. Africa’s segment adjusted EBITDA came in at $133 million, up from $90 million, against an International segment flat at $84 million.

The International segment’s $368 million of revenue splits across America ($200 million, against $204 million a year earlier), Europe ($132 million, up from $108 million) and Rest of World ($36 million, up from $32 million).

The balance sheet also absorbed the final payment on the Apricot sportsbook software acquisition: $28 million (€24 million) paid on March 31, 2026, with Super Group owning the software from February 28, 2026 after the last regulatory approvals landed that month. Dividends paid in the first half of 2026 totaled $177 million, taking the group’s 12-month capital returns to $218 million.

What happens next

Management hosts its earnings webcast at 7:00 a.m. ET on August 5, 2026, the morning after the release, with a supplemental earnings presentation posted on Super Group’s investor-relations events page. The next checkpoint against the raised targets arrives with the third-quarter report later in 2026.