Super Group Cuts Third-Quarter Revenue and Slightly Lowers Expectations

Super Group has announced its third-quarter 2026 results. Citing a slowdown in revenue growth, the company slightly lowered its full-year expectations.

Third-quarter revenue came in at $611 million. This figure is 11% below the record $684 million in revenue recorded in the second quarter. Even so, revenue is about 10% higher than in the third quarter of 2025.

Adjusted EBITDA was $204 million in the second quarter and fell to $165 million in the third quarter. Despite this, year-on-year growth of 8% was recorded.

The company also updated its full-year targets. Adjusted EBITDA, previously expected to exceed $710 million, is now expected to fall between $700 and $720 million. The revenue forecast, previously projected to be above $2.6 billion, is now expected to range from $2.525 to $2.575 billion.

CEO Neal Menashe explained the lower expectations with customer-friendly sports results. CFO Alinda van Wyk said casino gross revenue rose 16% and that the long-term sports margin remained within the expected structural range. In the international segment, iGaming revenue increased by $20 million, while sports revenue fell by $3 million.