Super Group FY25 guidance raised; US iGaming exit imminent

The operator has raised its revenue predictions to more than $2bn for the year and announced its intention to exit the US iGaming market.

Super Group has officially raised its full-year 2025 financial predictions following a strong second quarter, the full financial results of which are set to be revealed in August, while also announcing its imminent exit from the US iGaming space.  

A record quarter  

Specifically, the operator’s full-year total revenue (excluding the US) is now predicted to rise above $2bn – up from the previous expectation of $1.925bn. Elsewhere, total adjusted EBITDA is now expected to exceed $480m, raised from previous guidance of $457m. These adjustments fall in the wake of a second quarter which, according to the company, has been the most lucrative in the business’ history.  

As specified by the organization, the positive revenue upswing recorded during the second quarter of 2025 was largely contributed to by solid sports calendar which spurred on strong results, alongside record deposit levels and consistent engagement figures, amongst other factors. 

Speaking on this update, Super Group CEO Neil Menashe said, “We are very pleased with our performance in the second quarter, reflecting continued momentum and discipline across our core markets and further validating the strength of our operating model and brands. We remain focused on driving profitable and sustainable growth through consistent execution and continue to be super-confident in the long-term growth potential of our business.” 

US iGaming exit imminent 

Aside from financial results, the company has now specified that it has taken the decision to exit the US online gaming market, highlighting that its geographical priorities have been deemed to lie elsewhere after an extensive internal audit.  

Good to know: During Q1 2025 Super Group’s revenue rose by 25% year-over-year to $516.8m 

Also speaking on this announcement, Menashe stated, “This is a difficult decision, particularly because our US team has worked hard and made progress over recent quarters. Nonetheless, recent regulatory developments combined with ongoing assessment of capital allocation requirements have led us to believe that our stringent hurdle for return on capital will likely not be met in this market any time soon.

“We therefore intend to focus capital and resources on markets where we see the greatest opportunity for scalable, sustainable, profitable super growth, with a disciplined emphasis on operational efficiency.” 

Building on this was Group CFO, Alinda Van Wyk, who said, “Various strategic exit options are under consideration. We are still early in the process but nonetheless would expect to incur a one-time cash restructuring cost of approximately $30m-$40m in connection with such an exit and are actively pursuing multiple efforts to minimize the impact thereof. Further details regarding these potential costs will be shared during our second quarter earnings release.” 

Will Underwood

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