Super Group reports 25% increase in revenue for Q1 2025

• Super Group posted its first quarter financial report
• The company recorded an increase in revenue, profit, adjusted EBITDA and monthly active customers
• Super Group executives share their excitement

The parent company of Betway, the leading online sports betting and casino operator, Super Group Limited, released its latest financial report.

Last week, the company uncovered details regarding its financial performance, recording a solid increase in revenue for the first quarter of 2025.

The company reported outstanding results for the first quarter of the year

Notably, Super Group's revenue soared to $516.8m for Q1 2025, the latest unaudited report reveals.

Compared to the $411.9m reported for the corresponding period last year, the recent result shows a significant increase of 25%.

The increase in revenue was primarily driven by good performance the company recorded in North America, Europe and Africa.

Partially offsetting the revenue increase were declines in Asia-Pacific, Latin American and Middle East markets, Super Group said.

Not unexpectedly, the company's profit in Q1 this year increased as well, hitting $59.4m.

In contrast, for the first quarter of 2024, Super Group reported $44.6m in profit.

"Profit for the period in the first quarter of 2024 included a gain on disposal of the B2B division of Digital Gaming Corporation Limited of $43.6m as well as a non-cash charge of $14.3m related to the increase in fair value of option liability," the company explained.

Adjusted EBITDA for Q1 marked a significant increase too. Per Super Group's recent report, adjusted EBITDA hit $111.1m for the first quarter this year, a figure that represents an increase of 120% year-over-year.

Super Group also reported a significant increase in the number of monthly active customers.

During the first quarter of this year, the company reported 5.3m monthly active customers, a figure that shows a 14% increase when compared to the same period in 2024.

Super Group starts 2025 "on a high note"

Alinda van Wyk, Super Group's Chief Financial Officer, commented: "Along with record first-quarter revenue growth, Group Adjusted EBITDA increased by 120% to $111m. Total Revenue ex-U.S. grew 24% to $502m, with Adjusted EBITDA ex-U.S. growing 62% to $121m, keeping us on track to deliver on our annual guidance."

Neal Menashe, Super Group's Chief Executive Officer, added: "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."

Finally, the executive said: " The Group's combined revenue reached a record $517m for a first quarter, representing a 25% year-over-year increase, fueled by outstanding sports betting margins and consistent casino margins, as well as our ongoing efforts to optimize return on investment across all markets."

In its update, Super Group confirmed that its guidance won't change as the company is expecting revenue greater than $2.014bn.

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