Super Group Q1 2025 results are out and show a jump in both revenue and profit. The company, parent of Betway and Spin, says this was its best-ever first quarter in terms of revenue. The change in reporting from Euros to USD now helps align results with U.S. market peers.

  • Super Group reported revenue of $516.8 million for Q1 2025, up 25% from $411.9 million a year ago. The increase came mainly from Africa, Europe, and North America, while LATAM and Asia-Pacific saw declines. Online casino revenue reached $404 million, while sports betting brought in $106 million.

  • Revenue from North America grew to $181 million, making up 35% of total Q1 revenue. Spin accounted for 72% of that region’s revenue, indicating strong performance in online casino offerings. Europe and Africa followed with $96 million and $203 million in revenue respectively.
  • Profit for Q1 2025 was $59.4 million, up from $44.6 million in Q1 2024. Last year’s result included a one-off $43.6 million gain from the sale of DGC’s B2B unit and a $14.3 million non-cash charge. The company still outperformed year-on-year without relying on extraordinary items.

  • Adjusted EBITDA surged 120% to $111.1 million compared to $50.4 million in Q1 2024. EBITDA ex-US stood at $121 million, while U.S. operations posted a $9.8 million loss. CFO Alinda van Wyk noted this puts the group on track to meet its annual EBITDA target of over $421 million.

  • Monthly active users rose 14% to 5.3 million, reflecting effective customer retention and acquisition. Super Group attributes this growth partly to stronger sports betting margins. The Betway and Spin brands continue to dominate North America, with combined revenue of $181 million in that region.

  • The company ended March with $351 million in unrestricted cash, down from $388 million in December. This was after paying $95.7 million in dividends for 2024 year-end and Q1 2025. In total, dividends of $145.8 million have been paid over the past 12 months.

  • A new reporting currency change was implemented starting January 1, 2025, moving from Euros to USD. This aims to improve transparency for U.S. investors and enable easier peer comparison. All prior period figures have been re-presented for consistency.

  • CEO Neal Menashe commented: “We started 2025 on a high note… with impressive revenue growth and effective retention strategies.”