Record-Breaking First Quarter Revenue
Super Group achieved an all-time high first quarter total revenue of $517 million, representing a 25% year-over-year increase.
Significant Growth in Adjusted EBITDA
The company reported a 120% increase in adjusted EBITDA year-over-year to $111 million, with a combined margin of approximately 22%.
Strong Performance in Africa and Europe
Africa grew 54% year-over-year, driven by steady development in countries like South Africa, Ghana, and Malawi. Europe also showed a 53% increase year-over-year, with the UK up 87%.
Successful U.S. Business Transition
The U.S. iGaming business is progressing according to plan, with EBITDA improving from an $11 million loss in Q4 2024 to a $10 million loss in Q1 2025.
High Customer Engagement
The company set a new record for unique monthly active customers, averaging 5.4 million for the quarter.
Strong Cash Position
Super Group ended the quarter with unrestricted cash of $351 million and no debt, highlighting a strong free cash flow profile.