NYSE$SGHC

Super Group SGHC Limited · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Super Group reported strong first quarter 2025 financial results with significant revenue growth and increased Adjusted EBITDA.

Super Group announced strong first quarter 2025 unaudited consolidated financial results, with revenue reaching a record $517 million, a 25% year-over-year increase. Adjusted EBITDA increased by 120% to $111.1 million. The company also reported a profit of $59.4 million for the period.

  • Revenue increased by 25% to $516.8 million for Q1 2025, driven by growth in Africa, Europe, and North America.
  • Profit for the period was $59.4 million for Q1 2025, up from $44.6 million in Q1 2024.
  • Adjusted EBITDA increased by 120% to $111.1 million for Q1 2025.
  • Monthly Active Customers grew by 14% to 5.3 million in Q1 2025.

Headline financials

Total Revenue

$517M

Previous: $412M+25.6%
EPS (adj)

$0.12

Previous: $0.03+290.0%
Adjusted EBITDA

$111M

No prior period
Adjusted EBITDA ex-US

$121M

No prior period
Adjusted EBITDA US

-$10M

No prior period
Monthly Average Customers

5.3M

No prior period
Profit Before Tax

$89M

No prior period
Net Income

$59.4M

Previous: $44.7M+32.9%
Operating Income

$89M

Previous: $17.6M+404.4%

Revenue & EPS history

Super Group · Revenue · Quarterly

$517M

Q1 2025+25.6%vs Q1 2024
Beat estimate in 7 of 7 quarters(100%)
ActualEstimate

Revenue by segment

Super Group · $2.25B total across 2 segments · Q4 2025

  • Betway
    $1.4B
  • Spin
    $851M

Forward guidance

Super Group's combined guidance for 2025 remains unchanged, projecting revenue greater than $2.014 billion and Adjusted EBITDA greater than $421 million.

Tailwinds

  • Continued strong revenue growth anticipated, building on Q1 performance.
  • Adjusted EBITDA expected to remain robust, exceeding $421 million.
  • Focus on optimizing return on investment across all markets.
  • Balance sheet remains strong, supporting ongoing operations and potential dividends.
  • Strategic initiatives to enhance comparability with US listed peers and provide relevant information to investors.

Headwinds

  • Potential for changes in competitive and regulated industries to impact performance.
  • Economic conditions, including interest rates and inflation, could affect consumer spending.
  • Ability to obtain and maintain licenses in various jurisdictions remains a factor.
  • Technological solutions must effectively block customers in restricted jurisdictions.
  • Reliance on strategic relationships and payment processing services could pose risks.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 13 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-2.4%

Avg return

Earnings day

-2.2%

Avg return

5 days after

-6.2%

Avg return

30 days after

46%

6 / 13 earnings

Positive

+18.8%

Q2 2023

Best reaction

-25.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+10.3%+10.1%+8.4%
Q1 2025-5.8%-2.5%+4.9%
Q4 2024-7.7%-8.1%-17.5%
Q1 2024+0.6%-0.9%-0.3%
Q4 2023+15.1%+11.5%+4.2%
Q3 2023-10.7%-10.2%-21.7%
Q2 2023+18.8%+18.1%+19.5%
Q1 2023-13.3%-12.4%+7.9%
Q4 2022-4.5%-4.5%+0.0%
Q3 2022+0.8%-10.0%-20.3%
Q2 2022-8.8%-8.8%-26.1%
Q1 2022-25.7%-11.1%-44.6%
Q1 2021+0.1%+0.6%+5.7%
Q3 2020
Q2 2020
Q1 2020

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