Image credit: Source: Super Group Q3 2026 results release (SEC Form 6-K, 3 November 2026).
Super Group grew revenue 10% to $611m in the third quarter of 2026, carried by casino, even as customer-friendly sports results cut into earnings and the company revised its full-year guidance.
The parent of Betway and Spin reported profit for the period of $142m, up from $96m a year earlier. Adjusted EBITDA, a non-GAAP measure, rose 8% to $165m, a 27% margin. The company said customer-friendly sports outcomes reduced revenue by about $40m and adjusted EBITDA by about $25m.
- Revenue: $611m, up from $557m
- Adjusted EBITDA: $165m, up from $152m
- Profit for the period: $142m, up from $96m
- Monthly Active Customers: 6.0m, up 9% from 5.5m
- Casino gross revenue: up 16%
Casino absorbed a weak sports quarter
Chief Executive Neal Menashe put the trade plainly: "Casino provides a durable earnings base that allows us to absorb short-term sports volatility."
Revenue grew in every reported region. Africa segment revenue rose to $262m from $224m, and International reached $344m from $328m. America contributed $193m, up from $186m, and Europe $115m, up from $108m.
Africa made up 43% of reportable segment revenue, up from 41%, while America fell to 32% from 34%. Europe slipped to 19% from 20%, and Rest of World rose to 6% from 5%.
Chief Financial Officer Alinda van Wyk said the long-term sports margin "remains within our expected structural range."
Guidance was revised on sport, not on casino
Super Group revised its FY2026 guidance to total revenue of $2.525bn to $2.575bn and adjusted EBITDA of $700m to $720m. The release attributes the revision to customer-friendly sports outcomes. It does not state the previous range, so this article does not say by how much the figures moved.
Cash build and buyback
Operating activities produced $377m of cash inflow in the period to 30 September. Investing outflows of $67m included a €24m ($28m) payment on 31 March for the Apricot sportsbook acquisition, which closed after final regulatory approvals in February. Financing outflows of $215m were mainly dividends.
Cash and equivalents reached $602m at 30 September, up from $513m at 31 December 2025. The company paid $203m in dividends over the first nine months of 2026.
On 30 October the board authorised share repurchases of up to $150m through December 2027. The company says it is not obliged to buy back any shares, and that purchases will be made on the open market or in negotiated transactions at prevailing prices.
For investors, the next test is whether the sports margin recovers in Q4 against the revised guidance. The company's earlier dividend push is covered in Super Group Dividend Signals a Wider Operator Payout Push.