Super Group reported third quarter 2026 revenue of $611 million, a 10% year-over-year increase that fell short of analyst expectations. Despite a $40 million revenue headwind from "customer-friendly" sports outcomes, Adjusted EBITDA grew 8% to $165 million, surpassing estimates. The company's resilient casino-led model and continued expansion in Africa offset sportsbook volatility, though management revised full-year 2026 revenue guidance slightly downward to $2.525–$2.575 billion.
Key Highlights
- Africa revenue increased 17% year-over-year to $262 million, now accounting for 43% of total reportable segment revenue.
- Casino gross revenue rose 16% year-over-year, providing a stable earnings base that absorbed approximately $25 million in sports-related EBITDA margin compression.
- The Board authorized a new $150 million share repurchase program through December 2027, supported by a cash balance that reached $602 million at quarter-end.