Super Group raises 2025 guidance, plans to exit U.S. iGaming market

NEW YORK - Super Group (NYSE:SGHC), the parent company of online sports betting brand Betway and online casino Spin, announced Tuesday it expects record second-quarter performance and has raised its full-year 2025 guidance while planning to exit the U.S. iGaming market. The company’s stock has shown remarkable strength, delivering a 279% return over the past year and trading near its 52-week high of $11.41. According to InvestingPro analysis, the company maintains strong financial health with a "GREAT" overall score.

The company now forecasts its ex-U.S. revenue to exceed $2.0 billion, up from previous guidance of $1.925 billion, and adjusted EBITDA to surpass $480 million, increased from $457 million previously projected. This growth trajectory builds upon Super Group’s impressive 31.3% revenue growth over the last twelve months, with the company maintaining healthy profit margins of over 50%.

Super Group attributed its strong second quarter to favorable sports results, improved pricing models, more efficient risk management, and robust customer engagement across both casino and sports segments in key markets.

"We are very pleased with our performance in the second quarter, reflecting continued momentum and discipline across our core markets," said Neal Menashe, Chief Executive Officer, in a press release statement.

The company also announced plans to exit U.S. iGaming operations following what it described as "recent regulatory developments" and an assessment of capital allocation requirements. Super Group expects to incur one-time cash restructuring costs between $30 million and $40 million related to the exit, with cost savings anticipated to begin in 2026.

"This is a difficult decision, particularly because our U.S. team has worked hard and made progress over recent quarters," Menashe stated. "We therefore intend to focus capital and resources on markets where we see the greatest opportunity for scalable, sustainable, profitable growth."

Super Group plans to provide a full second-quarter update in August and will present its longer-term outlook at an Investor Day scheduled for September 18, 2025, in London.

The company operates in multiple jurisdictions globally through its Betway and Spin brands, with significant presence throughout Europe, the Americas, and Africa. With a market capitalization of $5.7 billion and strong cash flow generation, Super Group demonstrates robust financial fundamentals. For deeper insights into Super Group’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers additional ProTips and detailed financial metrics in its Pro Research Report.

In other recent news, SGHC Limited has seen several notable developments. Shareholders approved all resolutions at the company’s 2025 Annual Meeting, including the 2024 annual report and the appointment of Deloitte LLP as auditor for the 2025 financial year. The meeting also authorized market acquisitions of SGHC’s own shares, with a significant majority supporting the resolutions. Analysts at BTIG have raised their price target for SGHC to $11.00, citing a favorable outlook for the company’s Sportsbook business and a shift in presentation currency from EUR to USD. Craig-Hallum has initiated coverage on SGHC with a Buy rating and a $12.00 price target, highlighting the company’s strategic adjustments and potential growth in the online gambling market. Benchmark analysts have maintained their Buy rating and a $12.00 price target, noting SGHC’s strong first-quarter performance and financial health. They emphasized the company’s operational efficiencies and market expansions, particularly in Africa, the U.K., and Canada. SGHC’s strategic decisions and financial results appear to have bolstered investor interest and analyst confidence in its future prospects.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.