Super Group reported Q3 2024 revenue of €402.9m, up 13% year on year, and raised its full-year 2024 guidance for adjusted EBITDA excluding the US to more than €345m. The company said growth in Africa, Europe and North America offset declines in the Middle East and Asia-Pacific.
The higher guidance gives investors an updated earnings outlook as the group reports uneven regional performance.
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Super Group chief executive Neal Menashe said the company expects revenue growth in the high teens in Alberta once the province regulates online gambling. The company plans to seek a licence when the market opens; its September investor day put the expected launch in the second half of 2026.
Super Group said it plans to leave the US iGaming market after reviewing its return on capital. The company raised its 2025 ex-US revenue guidance to more than $2.0 billion and adjusted EBITDA guidance to more than $480 million; it said it would provide withdrawal details with its second-quarter results. CFO Alinda Van Wyk expects a one-time restructuring cost of $30 million to $40 million.
The Roundhill Sports Betting & iGaming ETF reportedly gained 6.1% over the previous week, compared with a 3.4% rise in the S&P 500. Super Group shares rose 14.6%, Melco Resorts gained 12.5% and Light & Wonder advanced 12.3%; the report also cited a favourable court ruling for Light & Wonder and analyst price targets for several companies.
Super Group moved five iGaming platforms into Alberta’s regulated market before 13 October 2026, completing a phased transition from its unregulated sites. CEO Neal Menashe and CFO Alinda van Wyk said the staged process was smoother than the company’s transition in Ontario and reflected lessons from that market.
Super Group moved five iGaming platforms from the grey market into Alberta’s regulated market before mid-October 2026. The shift was considerably smoother in Alberta than in Ontario, CEO Neal Menashe and CFO Alinda van Wyk said.
Super Group CEO Neal Menashe said the company sees opportunities as the UK gambling market consolidates. Revenue from Betway and Spin in the UK rose 13% year on year in Q3, while group revenue increased 10% to $611 million. Menashe said the company had consolidated its UK businesses and was positioned to capture revenue as smaller operators exit.
In Q3, the UK market delivered a 13% year-on-year rise in revenue through the Betway and Spin brands, and group revenue for the quarter rose 10% to $611 million. Adjusted EBITDA for the quarter came in at $165 million, up 8% on the same quarter of 2025, and net profit for the period was $142 million.