Super Group has reported its financial results for both the fourth quarter of 2025 and full-year, having set new records during the quarterly period in monthly active customers, wagers and deposits. The operator also fully exited the US market during the prior year, and experienced some “unfavorable sports outcomes” in late Q4 2025, according to CEO Neal Menashe.
How was Super Group’s Q4 performance affected by the unfavorable results?
While net revenue and adjusted EBITDA for Q4 2025 increased 8% and 10.4%, respectively, for totals of $578.3m and $139m, the operator’s profit before taxes fell 7.9% to $95.1m. Super Group’s monthly active customers increased 16% to 6.1 million users during the fourth quarter of 2025.
“2025 was a standout year for Super Group. We sharpened our focus by exiting the U.S. iGaming market and concentrating resources in countries where we expect durable advantages - driving record customer growth,” Menashe said.
“Despite some unfavorable sports outcomes late in the quarter, Q4 was another record-breaking period for monthly active customers, wagers and deposits. Importantly, we received the final regulatory approval for the Apricot transaction, paving the way to strengthen our ex-Africa sportsbook technology platform and position the business well for the years ahead.”
Super Group’s Q4 2025 adjusted EBITDA included a $2m loss from remaining US operations, while ex-US businesses drove $141m for the operator. On February 13, Super Group entered into a $100m multi-currency revolving credit facility to support growth initiatives and general corporate purposes.
Was Super Group able to meet FY2025 expectations while exiting the US market?
Having officially departed the US market by pulling its iGaming operations in July 2025, Super Group still reported a 22% increase in FY2025 net revenue to $2.2bn, driven by growth in Africa – primarily the operator’s launch in Botswana – the UK and North America.
The net revenue growth also included partial offsets due to declines from South America, LatAm and the Asia-Pacific markets. Super Group generated $355.9m in profit before tax during FY2025, representing an increase of 74.6% from the prior year period.
The operator’s adjusted EBITDA for FY2025 grew 55.8% for a total of $559.5m, including $573.5m from ex-US operations and a $14m adjusted EBITDA loss from its remaining US businesses.
Super Group released an updated FY2025 guidance on January 21, projecting net revenue to fall between $2.17bn and $2.27bn. The operator estimated FY2025 adjusted EBITDA would be between $555m and $565m, with both figures falling on the slightly shorter end of the updated guidance.
The operator released a FY2026 guidance as part of its financial report for Q4 and FY2025, expecting net revenue to be greater than $2.55bn, while adjusted EBITDA is projected to eclipse $680m.
Despite numerous operators voicing its opposition toward the UK Autumn Budget Statement on 26 November, Super Group CEO Neal Menashe issued a response showcasing support for the new legislation
