Super Group Q3 revenue falls 11% to $611m as profits and buyback lift outlook
Quarterly revenue slid from $684m in Q2 but remained 10% above Q3 2025; $150m buyback announced.
Key Takeaways
- Super Group reported Q3 2026 revenue of $611m, down 11% from Q2 but 10% above Q3 2025.
- Adjusted EBITDA in Q3 was $165m, down from $204m in Q2 and up 8% year-on-year.
- The group raised full-year adjusted EBITDA guidance to $700m–$720m from a prior target of more than $710m.
- Super Group announced an approximately $150m share buyback to run over the next 14 months.
- Africa generated $262m in Q3 revenue, about 43% of segment revenue of $606m.
Super Group reported Q3 2026 revenue of $611m, down 11% from the record $684m in Q2 but 10% higher than the same quarter in 2025. Adjusted EBITDA for Q3 was $165m, down from $204m in Q2 yet up 8% versus Q3 2025, and the group increased profits by 15% quarter-on-quarter and more than 48% year-on-year. The company updated full-year adjusted EBITDA guidance to a range of $700m–$720m, versus a prior forecast of more than $710m.
Financial performance and guidance
Adjusted EBITDA reached $165m in Q3, a decline from $204m in Q2. Super Group now expects full-year adjusted EBITDA of between $700m and $720m, compared with its previous forecast of more than $710m. The group reported $602m in cash and cash equivalents as of 30 September.
"Casino provides a durable earnings base that allows us to absorb short-term sports volatility," said Neal Menashe, Super Group CEO.
Alinda van Wyk, Super Group’s chief financial officer, said gross revenue from casino increased 16% during the period and that the group's long-term sports margin remains within its expected structural range.
"The $150m share buyback programme reflects the group's confidence in its long-term value," Ms van Wyk said.
Regional mix and trading drivers
Africa accounted for $262m of revenue in Q3, up from $224m a year earlier, representing about 43% of segment revenue of $606m for the period. Revenue in the International Segment, which covers the Americas, Europe and other regions, rose 5% year-on-year. The company said customer-friendly sports results affected quarterly performance and that casino revenue growth helped offset sports volatility. The operator behind Betway and Spin continued to deliver year-on-year gains in both revenue and profitability.
Capital allocation and market reaction
Super Group announced a roughly $150m share buyback to run over the next 14 months. Investors reacted positively after 30 October, with the share price rising by more than 7% over the following five days; the stock also reported a 3% gain.
Frequently Asked Questions
What was Super Group's revenue in Q3 2026?
Super Group reported Q3 2026 revenue of $611m. That number is 11% lower than the record $684m reported in Q2 but 10% higher than Q3 2025.
How did Super Group's adjusted EBITDA perform in Q3?
Adjusted EBITDA for Q3 was $165m. That figure fell from $204m in Q2 but represented an 8% increase compared with Q3 2025.
What capital returns did Super Group announce?
Super Group announced a roughly $150m share buyback programme to be carried over the next 14 months. The group said the programme reflects confidence in its long-term value.
How important is Africa to Super Group's Q3 results?
Africa contributed $262m of revenue in Q3, up from $224m a year earlier and representing about 43% of segment revenue of $606m for the period.
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Oliver Grant
Industry Technology Correspondent
Oliver Grant covers the technology and business machinery of iGaming — platform and data deals, AI and compliance tooling, affiliate and marketing shifts, and the quarterly numbers behind them. The reports lead with the announcement, name the vendors and figures exactly as published, and separate genuine capability from press-release promise. When a supplier ships a new engine or a regulator tightens ad rules, Oliver Grant explains what actually changes for the companies involved.
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