Super Group posts record Q1 2026 growth driven by Africa operations

Super Group has reported a record first quarter for 2026 after strong performance across its Africa-focused operations helped drive substantial gains in revenue, profitability and customer activity.

The Guernsey-based iGaming group, which operates globally through brands including Betway and Spin, announced quarterly revenue of US$612 million for the three months ending 31 March 2026. The result represented an 18 percent increase compared to the same period in 2025 and marked the strongest quarterly performance in the company’s history.

The operator also recorded profit of US$86 million alongside adjusted EBITDA of US$152 million. Both figures reflected notable year-on-year growth as Super Group continued to expand its international footprint while strengthening its position in key regulated and emerging markets.

Management attributed the results to continued momentum across Africa, Europe, the Americas and Rest of World markets. Canada was specifically highlighted as an important contributor within the Americas division.

The company’s latest financial update also confirmed rising customer engagement, with monthly active customers climbing 18 percent year-on-year to reach 6.4 million users globally.

Africa emerges as a major growth engine

Africa continued to play a central role in Super Group’s financial performance during the quarter. The region accounted for 44 percent of reportable segment revenue, compared to 39 percent during the corresponding period in 2025.

Under a newly introduced reporting structure, Super Group separated its business into Africa and International operating segments. The move replaced the company’s previous reporting model which had been structured around the Betway and Spin brands.

According to the company, the revised framework is intended to provide investors and stakeholders with clearer visibility into regional operations, management priorities and long-term growth opportunities.

The Africa segment generated revenue of US$267 million during the quarter, up significantly from US$201 million one year earlier.

Within the segment, iGaming revenue totalled US$190 million while sportsbook revenue reached US$77 million. Adjusted EBITDA for Africa rose from US$80 million in Q1 2025 to US$98 million in Q1 2026.

The strong performance highlighted the importance of African markets to Super Group’s broader strategy, particularly as mobile gaming adoption continues to increase across several countries on the continent. Industry analysts have increasingly identified Africa as one of the fastest-growing digital betting regions globally due to improving internet access, rising smartphone penetration and a young consumer demographic.

International business maintains upward momentum

Super Group’s International segment also delivered solid growth during the quarter despite increasing competition in several regulated markets.

Revenue from the International division reached US$339 million, compared to US$311 million during the same period last year.

The segment generated US$299 million in iGaming revenue while sportsbook revenue contributed US$38 million. Adjusted EBITDA increased from US$58 million to US$73 million year-on-year.

The Americas represented 32 percent of total reportable segment revenue while Europe contributed 19 percent. Rest of World markets accounted for five percent of revenue during the quarter.

Management indicated that continued expansion across multiple jurisdictions remains part of the company’s broader strategic plan. Super Group has focused heavily on balancing growth opportunities with operational discipline as regulatory conditions continue to evolve in several global gaming markets.

Profitability strengthens alongside customer growth

In addition to revenue expansion, Super Group reported significant gains in profitability metrics.

Quarterly profit increased from US$59 million in Q1 2025 to US$86 million in Q1 2026. Adjusted EBITDA rose 36 percent year-on-year from US$111 million to US$152 million.

The company stated that higher customer engagement and improved operational efficiency contributed to the stronger earnings performance.

Monthly active customers increased to 6.4 million users, reflecting growth across both casino and sportsbook operations. Deposits and wagering activity also reached all-time highs during the reporting period according to management.

Cash and cash equivalents stood at US$422 million as of 31 March 2026. This compared to US$513 million at the end of 2025.

During the quarter, Super Group generated US$87 million in inflows from operating activities while recording US$41 million in outflows related to investing activities.

Although cash reserves declined from the end of 2025, the company maintained that its balance sheet remains strong and capable of supporting future expansion plans, operational investments and shareholder returns.

Leadership highlights operational discipline

Super Group Chief Executive Officer Neal Menashe described the first quarter as a record-breaking start to the year and pointed to the company’s operational strategy as a key factor behind the results.

“Q1 2026 was a record-breaking start to the year for Super Group, with all-time highs in revenue, monthly active customers, deposits and wagering,” affirmed Super Group CEO Neal Menashe.

“Our performance reflects the strength of our strategy, the power of our brands and the discipline of our team. Africa delivered another excellent quarter, while our International segment continued to gain traction.”

Menashe also confirmed that the company had strengthened its leadership structure through several senior appointments during the quarter.

“We also strengthened our leadership team with key appointments, reinforcing our commitment to operational excellence and accelerated growth.”

The CEO added that Super Group remains confident about the remainder of the year due to the resilience of its casino business and preparations surrounding major sporting events.

“With a highly stable casino business, fortified sports trading capabilities ahead of the World Cup and strong momentum across regions, we believe that Super Group is well positioned for the remainder of 2026.”

Full-year guidance remains unchanged

Super Group reaffirmed its full-year 2026 guidance following the strong quarterly performance.

The company continues to project annual revenue of more than US$2.55 billion alongside adjusted EBITDA exceeding US$680 million.

Chief Financial Officer Alinda Van Wyk stated that the latest results demonstrate the scalability of Super Group’s operating model and support management’s long-term outlook.

“Our first quarter demonstrates both the robustness and scalability of our business model.”

“Our projections are supported by our conviction in the sustainability of our business, effective execution across various regions and the operating leverage inherent in our operations.”

The decision to maintain guidance suggests that management remains cautiously optimistic despite broader economic uncertainty and ongoing regulatory developments affecting parts of the global gambling sector.

Strategic positioning ahead of major sporting events

Industry observers are expected to closely monitor Super Group’s performance throughout the remainder of 2026 as major international sporting events are likely to generate increased betting activity.

The company specifically referenced strengthened sports trading capabilities ahead of the FIFA World Cup, an event historically associated with substantial spikes in online sportsbook engagement and customer acquisition.

At the same time, Super Group’s continued emphasis on casino operations provides a more stable revenue base compared to purely sports-focused operators. This diversified approach has increasingly become a strategic advantage for global gaming companies seeking to manage seasonal fluctuations and regulatory pressures.

The revised regional reporting structure may also provide investors with greater insight into where future growth is expected to emerge. Africa’s growing contribution to group revenue indicates that the continent is likely to remain central to Super Group’s expansion strategy moving forward.

Conclusion

Super Group’s first-quarter results for 2026 reflected a combination of expanding customer activity, strong regional execution and disciplined operational management. The company achieved record revenue, higher profitability and substantial EBITDA growth while reinforcing Africa’s importance within its global business model.

The introduction of a new reporting structure signals a broader strategic focus on regional performance and operational transparency. At the same time, management’s decision to reaffirm full-year guidance demonstrates confidence in the sustainability of current growth trends.

While the international online gaming sector continues to face regulatory challenges and competitive pressures, Super Group appears positioned to benefit from its diversified geographic presence, established brands and balanced casino and sportsbook portfolio.

With Africa delivering accelerating growth and major sporting events still ahead in 2026, the company enters the remainder of the year with strong momentum and heightened market attention.

FAQs

What revenue did Super Group report for Q1 2026?
Super Group reported revenue of US$612 million during the first quarter of 2026.

How much did Super Group’s revenue increase year-on-year?
The company’s revenue increased by 18 percent compared to Q1 2025.

Which region contributed most strongly to Super Group’s growth?
Africa was identified as the strongest growth contributor during the quarter.

What brands operate under Super Group?
Super Group operates several digital gaming brands including Betway and Spin.

How many monthly active customers did Super Group report?
The company reported 6.4 million monthly active customers during Q1 2026.

What was Super Group’s adjusted EBITDA in Q1 2026?
Adjusted EBITDA reached US$152 million for the quarter.

Why did Super Group change its reporting structure?
The company stated that the new regional reporting structure provides greater visibility into market performance and strategic priorities.

What was the revenue of the Africa segment?
The Africa segment generated US$267 million in revenue during Q1 2026.

Did Super Group maintain its full-year 2026 guidance?
Yes. Super Group reaffirmed guidance of more than US$2.55 billion in annual revenue and adjusted EBITDA above US$680 million.

What major event is expected to support sportsbook activity in 2026?
The company highlighted preparations ahead of the FIFA World Cup as an important factor for sportsbook growth.