- Super Group reports revenue of USD $556.9 million for the third quarter of 2025
- Company expects to announce new online casino client in Ontario in 2026
- North American revenues grew 14% compared to the same period in 2024
Super Group, the company behind Betway sportsbook, Jackpot City and Spin, yesterday issued their Q3 2025 financial results and the Canadian igaming market was highlighted as a primary driver behind a 26% year-over-year increase in revenue.
More specifically, the company reported revenues in Q3 2025 Â of USD $556.9 million, driven by growth in Africa, Europe and North America, mainly Canada. The company is pulling out of the U.S. market in Q4. The company saw declines in South America and Latin America.
Profit for the period was $95.8 million (Q3 2024 profit was $10.3 million). Adjusted EBITDA increased by 65% to $152.1 million for Q3 compared to $92 million for Q3 2024. Monthly active customers increased by 18% to 5.5 million for the third quarter of 2025, compared to 4.7 million in Q3 2024.
In North America, revenues grew 14% compared to the same period in 2024.
Big Revenue Uptick
In an earnings call yesterday, company CEO Neal Menashe said the results were confirmation of the strength of its platform and the effectiveness of execution across its core markets.
“We had a record six million active customers in September, which we have already surpassed in October,” he said. “This reflects the depth of our global footprint, our localized execution, and the value loyal customers continue to place on our products and platforms.”
As a result of the strong Q3 results, Super Group raised its full-year 2025 group revenue forecast from $2.125-$2.20 billion to $2.17-2.27 billion.
Menashe was asked about Ontario – and told those on the call that while Ontario, where the company is licensed, saw a 3% increase in revenue, over the rest of Canada, where the company operates in the grey market, revenues increased 15% year over year, supported by higher deposit volumes and strong customer retention.Â
Double-Digit Growth Rate for Alberta
The Q3 2025 period ended Sept. 30.
Menashe said they are planning to launch a new casino client in Ontario in the first half of 2026, a market where casino has an 84% market share, according to an IGaming Ontario market performance report for September.
Menashe was asked about Alberta’s potential growth rate when that regulated market goes live, likely in early 2026. Super Group has been a dominant player in the grey market in Alberta for years and plans to join the regulated market like they did in Ontario.
“We learned our lessons,” he said. “We’re obviously enhancing the product [in Ontario], and that will help us deliver more in Alberta. I would say Alberta would be higher teens (growth rate). We would expect it to be close to what we see in Canada.”
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