Super Group Cuts 2026 Revenue Outlook as Sports Results Hit Q3
Published: November 5, 2026 | Author: Roxy Vance
Super Group, the owner of Betway and Spin, lowered its full-year 2026 revenue outlook after third-quarter sports results went in customers’ favor, even as quarterly revenue rose 10% to $611 million. The company now expects 2026 revenue of $2.525 billion to $2.575 billion, down from more than $2.6 billion forecast in August, according to its November 3 results release.
Q3 in Numbers
Revenue rose from $557 million a year earlier, and profit for the quarter reached $142 million, up from $96 million. Adjusted EBITDA, a non-GAAP measure, grew 8% to $165 million, a margin of 27%. Monthly active customers rose 9% to 6.0 million.
Chief Financial Officer Alinda van Wyk said customer-friendly sports outcomes reduced revenue by about $40 million and Adjusted EBITDA by around $25 million, while casino gross revenue grew 16%. The revised guidance reflects those sports outcomes, she said. The Adjusted EBITDA forecast is now $700 million to $720 million, against more than $710 million in August.
“Casino provides a durable earnings base that allows us to absorb short-term sports volatility,” said Chief Executive Neal Menashe.
Flutter Entertainment cut its 2026 guidance a day later after its Brazil exit and sports results hit its quarter, as covered in our report on Flutter’s third quarter.
Africa and International
Revenue in the Africa segment rose to $262 million from $224 million, with online casino (iGaming) at $205 million. The International segment grew to $344 million from $328 million, with iGaming at $310 million and sportsbook at $33 million. By region, revenue in what Super Group calls America rose to $193 million, and Europe’s rose to $115 million.
UK and Canada
On the earnings call, the company said revenue in Europe grew 6%, led by the UK at 13%. “The U.K. has been good for us. Remember, I still think we are under-indexed there,” Menashe said, according to a call transcript.
In Canada, revenue outside Ontario and Alberta grew 15%, supported by casino. The company said its move to Alberta’s newly regulated market was completed in early October and that customers are still adjusting. Menashe said he expects Alberta to be less competitive than Ontario.
Buyback
Super Group had $602 million in cash at September 30, and its board authorized share repurchases of up to $150 million through December 2027.
