Super Group Q1 revenue climbs 25% to $517m | Gambling Insider
Net profit increases to $59.4m as EBITDA more than doubles and customer activity surges.
Key points:
Key points:
– Q1 2025 revenue rose 25% to $516.8m
– Q1 2025 revenue rose 25% to $516.8m
– Net profit increased to $59.4m from $44.6m
– Net profit increased to $59.4m from $44.6m
– Adjusted EBITDA grew 120% to $111.1m
– Adjusted EBITDA grew 120% to $111.1m
Super Group reported first-quarter revenue of $516.8m for 2025, a 25% year-on-year increase, driven by strong sportsbook margins and stable online casino performance.
Net profit for the quarter was $59.4m, up from $44.6m, which had included a one-off $43.6m gain from the disposal of the group’s B2B division. Adjusted EBITDA more than doubled, rising 120% to $111.1m.
Monthly Active Customers grew by 14% to 5.3 million, reflecting continued progress in customer retention and acquisition.
Good to know: The company also adopted a change in its presentation currency to US dollars from Euros as of 1 January 2025
Good to know: The company also adopted a change in its presentation currency to US dollars from Euros as of 1 January 2025
By product line, online casino revenue totalled $404m, up 25%, while sports betting revenue rose 34% to $106m. Regionally, Africa and the Middle East remained the largest contributor at $203m, followed by North America at $181m, with the latter driven primarily by Canadian performance. European revenue increased 52% to $96m, while revenue from Latin America fell 29% to $5m.
Despite the positive results, Super Group’s cash and cash equivalents declined to $351m as of 31 March from $388m at year-end, largely due to dividend payments totalling $95.7m during the quarter. This included the 2024 year-end dividend of $75.5m and a Q1 dividend of $20.2m.
The company reiterated its 2025 guidance, maintaining its full-year revenue projection above $2.014bn and adjusted EBITDA over $421m, following record performance in 2024 when revenue reached €1.7bn ($1.9bn) and adjusted EBITDA totalled €330.3m.
