Super Group posts strong Q3 financials, lowers guidance due to customer-friendly results. November 4, 2026 Key Points * Q3 revenue reached $611 million, while adjusted EBITDA rose 8% to $165 million * - The company revised its 2026 guidance due to customer-friendly sports results * It also approved a $150 million share buyback program through December 2027 International gaming giant Super Group has published its financial results for the third quarter of the year, highlighting the resilience of its casino-led business model. At the same time, the company also amended its guidance to reflect both changes in revenue and customer-friendly sports results. Super Group's Q3 was strong despite customer-friendly sports results. The report of Super Group's unaudited consolidated financial results for Q3 2026 outlined group revenue of $611 million, up 10% year-on-year. According to the company, this performance was driven by growth in the Africa, America, Europe and Rest of World segments. The higher revenue resulted in a massive increase in profit, with $142 million for Q3 2026 versus $96 million in Q3 2025. Adjusted EBITDA, on the other hand, experienced an 8% increase to $165 million for the period. The improved financial metrics reflected, among other things, an increase in Super Group's monthly active customers to 6 million, up 9% year-on-year. As of September 30, 2026, Super Group had $602 million in cash and cash equivalents versus $513 million at December 31, 2025. The company also reported $377 million in inflows from operating activities, $67 million in outflows from investing activities, $215 million in outflows from financing activities, and a loss of $6 million resulting from foreign currency fluctuations. Super Group updated its guidance for the year, saying that it now expects total revenue of between $2.525 and $2.575 billion and adjusted EBITDA of between $700 and $720 million. At their midpoint, these EBITDA figures are mostly consistent with the guidance announced at the end of Q2 2026, while the revenue guidance highlights a slight decrease. The c-suite was pleased with how Super Group fared. Neal Menashe, the group's chief executive officer, shared his thoughts on the performance, saying that his team has been able to demonstrate the resilience of its casino-led business model yet again. He emphasized that the increase in adjusted EBITDA came despite customer-friendly sports betting results, since the company's less volatile casino business managed to absorb the short-term shock. Gambling News also delivered strong profitability across Africa, and International made meaningful progress across product, pricing and technology. Gambling News believe that its underlying business remains strong, and Gambling News look forward to the opportunities ahead. Neal Menashe, CEO, Super Group Alinda van Wyk, the group's chief financial officer, explained that the revised guidance reflects customer-friendly sports outcomes. At the same time, she said that the company remains optimistic about its long-term prospects due to the company's flexibility and continued investments in organic and strategic opportunities. Super Group added that, on October 30, its board of directors approved a $150 million share buyback program that runs through December 2027.

Nigeria and Mozambique fuel Super Group's African success. Published on: 4 November 2026 | Last updated: 4 November 2026, 10:48 am Success in Nigeria and Mozambique has helped cement Super Group's leadership position in Africa, as its revenue in the two markets grew significantly. Super Group achieved growth across Africa, as overall revenue grew 17% to $262m. But particular success was found in Nigeria and Mozambique, which experienced increases of 42% and 62% year-on-year, respectively. The latter of these, the owner of Betway noted, offers strong opportunity following the decision in August by Mozambique's government to establish a dedicated legal framework for online gambling. Super Group included within its financial report statistics that Africa still only has 28% mobile connectivity compared to 74% globally, and is home to 11 out of 20 of the fastest-growing populations and 12 out of 20 of the fastest-growing economies - further underlining the potential of the region. To aid its African expansion, Super Group announced in November 2025 the launch of Super Coin - a stablecoin pegged to the South African rand and designed to address some of the banking challenges unique to Africa. In this latest set of results, Super Group confirmed that a soft launch of the wallet took place in April and remains on track for public launch in early 2027. Though beginning with South Africa, the group has said that it is now also targeting trade against the Naira on Nigerian exchanges in Q4 2026, and a licence application is in progress for a Kenyan Shilling stablecoin. Online casino mitigating sportsbook challenges. In its wider set of results, Super Group's online casino growth propped up the operator's third-quarter performance as player-friendly results weighed down its sportsbook progress. iGaming now represents 85% of Super Group's net revenue and mitigated declines in sportsbook revenue across Super Group's international segment, and a marginal rise across its eight African markets. Overall, revenue for the group increased by 10% year-on-year to $611m, up from $557m in Q3 2025. Across the same period, profit rose to $142m compared to $96m in Q32025, and adjusted EBITDA rose 8% YoY to $165m. Neal Menashe, Chief Executive Officer of Super Group, said: "Q3 once again demonstrated the strength and resilience of our casino-led business model. Despite customer-friendly sports results, we continued to grow revenue and Adjusted EBITDA. Casino provides a durable earnings base that allows us to absorb short-term sports volatility." Expansion on the mind. Super Group is also targeting expansion outside of Africa. The group confirmed that it has now established itself in Alberta's market following its opening in July and was also successful in winning the rights to apply for three licences during New Zealand's online casino licence auction process. Super Group's international segment grew 5% YoY, increasing to 9% excluding US revenue, where the company is still in the process of exiting. Strong progress was made in the UK, with net revenue growth of 13%, despite the added challenge of a new 40% remote gaming duty rate, which Super Group said was offset by lower processing costs, banking fees and royalties post-sportsbook consolidation. Menashe added: "We delivered strong profitability across Africa, and International made meaningful progress across product, pricing and technology. We believe that our underlying business remains strong, and we look forward to the opportunities ahead." Despite this optimism, Super Group has revised down its 2026 guidance to between $2.525bn and $2.575bn, down from $2.6bn. Similarly, its adjusted EBITDA estimate is between $700m and $720m compared to previous guidance of a minimum of $710m.

Igaming gives Super Group 'durable' Q3 earnings base. Betway owner says its online casino business absorbed the impact of a weaker quarter for online sports betting. November 04, 2026 Financials Neal Menashe Super Group CEO Neal Menashe said the Betway owner's igaming operations provided a "durable earnings base" in Q3, a weaker period for sports betting. Chief financial officer Alinda van Wyk revealed that customer-friendly sports results impacted revenue by US$40m and adjusted EBITDA by $25m. While sportsbook revenue in Africa rose by 3.6 per cent to $57m in Q3, Super Group's International betting revenue - including Europe - fell by 8.3 per cent to $33m. However, there were increases on both fronts for igaming revenue, which rose by 21.3 per cent from $169m to $205m in Africa and by 6.9 per cent from $290m to $310m in Super Group's International segment. Overall, Africa revenue rose 17 per cent to $262m and International revenue climbed 4.9 per cent to $344m. That meant total Q3 revenue for the group, which also includes Spin, rose 10 per cent to $611m, factoring in $5m in brand licence fees. Igaming provides buffer for Betway owner. "Q3 once again demonstrated the strength and resilience of our casino-led business model," Menashe said. "Despite customer-friendly sports results, InterGame Ltd continued to grow revenue and adjusted EBITDA. "Casino provides a durable earnings base that allows InterGame Ltd to absorb short-term sports volatility. InterGame Ltd also delivered strong profitability across Africa, and International made meaningful progress across product, pricing and technology. "We believe that our underlying business remains strong, and we look forward to the opportunities ahead." Q3 profit rose from $96m to $142m, while adjusted EBITDA increased eight per cent to $165m. Monthly active customers rose by nine per cent to six million. Nine-month revenue for Super Group. For the nine months ended September 30, total revenue rose 15.7 per cent to $1.89bn. International revenue increased seven per cent to $1.05bn, and Africa revenue increased 28.7 per cent to $839m. Super Group has revised its 2026 guidance and now forecasts total revenue of between $2.53bn and $2.58bn. Adjusted EBITDA is expected to be between $700m and $720m.