Super Group (Sghc) Limited ((SGHC)) has held its Q3 earnings call. Read on for the main highlights of the call.
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Super Group (Sghc) Limited’s recent earnings call conveyed a predominantly positive sentiment, underscored by strong revenue and customer growth. The company highlighted strategic initiatives such as the upcoming launch of Super Coin and reported robust regional performances. However, challenges such as regulatory issues in Germany and unfavorable sports outcomes in September slightly tempered the overall positive outlook.
Record Monthly Active Customers
Super Group achieved a significant milestone with a record of 6 million monthly active customers in September, which was further surpassed in October. This achievement underscores the company’s growing customer base and its ability to attract and retain users.
Launch of Super Coin
The company announced the upcoming launch of Super Coin in Q4, a digital asset stablecoin pegged to the South African rand. This initiative aims to enhance payments, rewards, and customer engagement, marking a strategic move to leverage digital assets in its operations.
Revenue and EBITDA Growth
Super Group reported impressive financial results with group revenue surging to $557 million, a 26% increase year-over-year. Additionally, the adjusted EBITDA reached $152 million, representing a 65% growth from the previous year, highlighting the company’s strong financial performance.
Strong Regional Performance
The company experienced robust regional growth, particularly in Europe where revenue surged by 46% year-over-year. The U.K. and Spain were standout performers with growth rates of 71% and 11%, respectively. Africa also delivered a strong performance with a 36% increase in revenue.
Improved Sportsbook Margins
Super Group reported an improvement in sportsbook margins, which increased from 11% in Q3 2024 to 12.8% in Q3 2025, indicating enhanced profitability in this segment.
Regulatory Challenges in Germany
Despite overall positive performance, the company faced challenges in Germany due to tighter regulatory restrictions, which impacted its performance in this market.
New Zealand Revenue Decline
Revenue in New Zealand declined by 2%, primarily due to ongoing marketing restrictions, highlighting the challenges faced in this region.
Challenges with Sports Outcomes
While the company had a strong performance in July and August, September was affected by unfavorable sports outcomes, impacting the overall quarterly results.
Forward-Looking Guidance
Looking ahead, Super Group raised its full-year 2025 group revenue guidance to between $2.17 billion and $2.27 billion, with group adjusted EBITDA expected to be between $555 million and $565 million. The company anticipates continued growth in Europe and Africa, and the launch of Super Coin is expected to further enhance customer engagement and financial performance.
In summary, Super Group’s earnings call reflected a generally positive outlook with strong financial growth and strategic initiatives like Super Coin. Despite some regional challenges and regulatory hurdles, the company remains optimistic about its future performance and growth prospects.

