Super Group reported a strong first quarter with record-breaking revenue and significant growth in adjusted EBITDA. Positive performances in Africa and Europe, coupled with improvements in the U.S. iGaming business, were key drivers. However, challenges such as the decline in the APAC region, regulatory issues in New Zealand, and potential tax hikes in New Jersey temper the outlook.

Company Guidance -

Q3 2025

In the first quarter of 2025, Super Group reported a record total revenue of $517 million, marking a 25% year-over-year increase, and an adjusted EBITDA of $111 million, up 120% year-over-year, with a 22% margin. The company saw significant growth in its ex-U.S. markets, with revenue reaching $502 million, a 24% increase, and adjusted EBITDA growing 62% to $121 million, with a 24% margin. Africa was a standout performer, growing 54% year-over-year, driven by markets like South Africa, Ghana, and the recent launch in Botswana. Europe grew 53%, with the UK up 87%, while Canada increased by 13%. APAC faced challenges, ending down 13% due to currency impacts and market closures. In the U.S., the iGaming sector showed improvement, with the EBITDA loss reducing from $11 million in Q4 2024 to $10 million in Q1 2025. Super Group is maintaining its fiscal year guidance of over $2 billion in revenue and $421 million in adjusted EBITDA, with ongoing opportunities for growth. The company ended the quarter with $351 million in unrestricted cash and no debt, and continues to focus on strategic investments and efficient marketing spend.

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.

Super Group (SGHC) (SGHC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SGHC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.10 / -	0.018	―	―	―
Aug 06, 2025	2025 (Q2)	0.16 / 0.15	-0.002	7800.00% (+0.16)
May 08, 2025	2025 (Q1)	0.11 / 0.12	0.088	32.95% (+0.03)
Feb 25, 2025	2024 (Q4)	0.16 / 0.15	-0.097	254.64% (+0.25)
Nov 06, 2024	2024 (Q3)	0.06 / 0.02	0.021	-14.29% (>-0.01)
Aug 07, 2024	2024 (Q2)	0.11 / >-0.01	0.058	-103.45% (-0.06)
May 08, 2024	2024 (Q1)	0.03 / 0.09	-0.005	1860.00% (+0.09)
Mar 06, 2024	2023 (Q4)	0.01 / -0.10	0.083	-216.87% (-0.18)
Nov 09, 2023	2023 (Q3)	0.01 / 0.02	0.072	-70.83% (-0.05)
Aug 17, 2023	2023 (Q2)	0.02 / 0.06	0.621	-90.66% (-0.56)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SGHC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$8.75	$8.24	-5.83%
Feb 25, 2025	$8.09	$7.46	-7.79%
Nov 06, 2024	$4.05	$4.77	+17.78%
Aug 07, 2024	$3.27	$2.98	-8.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Super Group (Sghc) Limited (SGHC) report earnings?

Super Group (Sghc) Limited (SGHC) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Super Group (Sghc) Limited (SGHC) earnings time?

Super Group (Sghc) Limited (SGHC) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SGHC EPS forecast?

SGHC EPS forecast for the fiscal quarter 2025 (Q3) is 0.1.

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