Super Group has opened 2026 with its strongest quarterly performance to date, reporting record revenue and customer engagement figures for the first three months of the year. The company, which operates the Betway sportsbook and the Spin online casino brands, also confirmed a shift in how it presents its financial results, moving from brand-based reporting to a structure centered on regional performance.

Revenue for the quarter reached $612 million, representing an 18% increase compared to the same period in 2025. Adjusted EBITDA climbed 36% to $152 million, while profit for the period rose to $86 million from $59 million a year earlier. The group also recorded its highest-ever level of average monthly active customers, which increased 18% year-on-year to 6.4 million.

Regional Reporting Reflects Strategic Shift

Neal Menashe, Chief Executive Officer of Super Group, said, “Q1 2026 was a record-breaking start to the year for Super Group, with all-time highs in revenue, monthly active customers, deposits, and wagering. Our performance reflects the strength of our strategy, the power of our brands, and the discipline of our team. 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.”

The company has introduced a new reporting structure that divides its business into Africa and International segments, replacing the previous breakdown between Betway and Spin. This change aligns financial disclosures with internal management practices and is intended to provide a clearer view of performance across different markets.

Under the updated structure, Africa emerged as the leading growth driver during the quarter. Revenue in the region reached $267 million, reflecting a significant year-on-year increase. iGaming activity contributed the largest share within Africa, generating $190 million in revenue, while sports betting revenue also improved to $77 million.

The International segment reported revenue of $339 million, showing continued expansion, though at a slower pace compared to Africa. Within this segment, the Americas, particularly Canada, remained the largest contributor, generating $195 million. European markets recorded notable gains, with revenue rising to $113 million, while the rest of the world segment added $31 million.

Management indicated that the new segmentation provides improved transparency, stating that it “better reflects how it manages operations internally and allocates resources across markets.”

Growth Supported by Customer Activity and Market Expansion

Customer engagement played a key role in the quarter’s results, with record levels of deposits and wagering reported. The increase in active users reflects continued growth across multiple regions, supported by ongoing product development and market expansion.

Financial performance also benefited from strong cash generation. The group ended the quarter with $422 million in cash, despite returning $152 million to shareholders during the same period. Operating activities contributed $87 million in inflows, while investing and financing activities included outflows related to a sportsbook acquisition and dividend payments.

Alinda van Wyk, Chief Financial Officer of Super Group, said in the company’s press release, “Our first quarter demonstrates both the robustness and scalability of our business model. 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. 

We are reaffirming our guidance for the full year 2026, targeting a minimum total revenue of $2.55 billion and Adjusted EBITDA exceeding $680 million. These projections are supported by our conviction in the sustainability of our business, effective execution across various regions, and the operating leverage inherent in our operations.”

Outlook Remains Positive Despite Market Pressures

The company maintained its full-year guidance, projecting revenue of at least $2.55 billion and adjusted EBITDA exceeding $680 million. Management pointed to continued momentum in key regions and stable performance in its casino segment as factors supporting these expectations.

While the overall results were strong, the quarter also reflected some challenges. Foreign currency fluctuations had a negative impact on the bottom line, and operating expenses increased across the business. Even so, pre-tax profit improved significantly, and overall financial performance remained positive.

Super Group continues to expand its presence in regulated markets, with ongoing developments in regions such as Europe and the Americas. The company has also been preparing for upcoming industry events, including increased sports betting activity linked to major global tournaments.