Super Group reported record first-quarter revenue of $612 million for the three months ended March 31, 2026, driven primarily by growth across its Africa operations.
The parent company of gaming brands Betway and Spin posted an 18% increase in group revenue from $517 million in Q1 2025. Adjusted EBITDA rose 36% year over year to $152 million, while monthly active customers climbed 18% to 6.4 million.
The company also reported quarterly profit of $86 million, compared with $59 million in the same period last year. However, after accounting for a negative foreign currency translation hit of $21 million, bottom-line net profit was down 15% to $65m.
Geographic segments replace brand-based reporting
The quarter was the first in which Super Group reported results under two geographic segments — Africa and International — instead of the previous Betway and Spin divisions.
According to the company, the revised structure aligns reporting with how management evaluates operations and allocates resources.
“The new segment structure is consistent with the group’s internal reporting, resource allocation, and decision-making processes,” Super Group said. “This change will enhance the transparency of its financial reporting and provide stakeholders with more meaningful information regarding performance, risks, and opportunities in its key geographic markets.”
The change followed approval from its Chief Operating Decision Maker during Q1 2026 and will apply to reporting for the year ending Dec. 31, 2026.
Africa posts largest revenue increase
Africa generated $267 million in revenue during the quarter, up 33% year over year. iGaming revenue in the region rose 41% to $190 million, while sports betting revenue increased 17% to $77 million.
International revenue reached $339 million, up 9% from the prior-year quarter. Within that segment, iGaming revenue rose 11% to $299 million, while sports betting revenue declined 5% to $38 million. Other profit-share revenue exceeded $2 million.
The Americas, driven primarily by Canada, contributed $195 million in International revenue, an increase of 5%. Europe revenue rose 18% to $113 million, while Rest of World revenue increased 7% to $31 million.
Super Group also reported $6 million in brand license fee revenue, slightly above the prior-year period.
Management touts strong Q1
Super Group reaffirmed its full-year 2026 guidance, projecting minimum revenue of $2.55 billion and adjusted EBITDA above $680 million.
“Our performance reflects the strength of our strategy, the power of our brands, and the discipline of our team,” Super Group CEO Neal Menashe said. “Africa delivered another excellent quarter, while our international segment continued to gain traction. We also strengthened our leadership team with key appointments, reinforcing our commitment to operational excellence and accelerated growth.”
“With a highly stable casino business, fortified sports trading capabilities ahead of the World Cup, and strong momentum across regions, we believe that Super Group is well positioned for the remainder of 2026,” Menashe added.
“Our first quarter demonstrates both the robustness and scalability of our business model,” said Chief Financial Officer Alinda van Wyk. “Revenue hit a new high of $612 million, marking an 18% increase compared to the same period last year. Adjusted EBITDA experienced a 36% rise, reaching $152 million and pushing our margin to 25%.”
“The number of average monthly active customers also set a record at 6.4 million, representing an 18% year-over-year growth. Our balance sheet remains resilient, concluding the quarter with $422 million in cash. This strong cash position was achieved even after distributing $152 million to shareholders during the quarter,” van Wyk added.
Cash position and shareholder returns
Cash and cash equivalents totaled $422 million as of March 31, 2026, compared with $513 million at the end of 2025.
Operating activities generated inflows of $87 million during the quarter. Investing outflows totaled $41 million, including $28 million related to a sportsbook acquisition completed following final regulatory approvals in February 2026.
Financing outflows reached $129 million, largely linked to dividend payments totaling $152 million during the quarter. Super Group said total capital returns over the last 12 months reached $213 million. The company also received $25 million from a revolving credit facility drawdown during Q1.
Foreign currency fluctuations resulted in an $8 million loss on foreign cash balances during the quarter. After accounting for a negative foreign currency translation impact of $21 million, compared with a positive $17 million impact in Q1 2025, bottom-line net profit declined 15% to $65 million.
Original article: https://www.yogonet.com/international/news/2026/05/12/120285-super-group-reports-alltime-quarterly-revenue-high-with-africa-leading-q1-gains
