Super Group Affirms 2025 Guidance, Announces Special Dividend

  • Betway parent forecasts 2025 revenue of $2.17 billion to $2.27 billion
  • Guidance reflects strength in iGaming operations
  • Company also unveils special dividend

Shares of Betway owner Super Group (NYSE: SGHC) traded slightly higher Wednesday after the gaming company said it will at least meet previously announced 2025 financial guidance.

Super Group
The Super Group logo. The company affirmed its 2025 EBITDA and revenue guidance. (Image: Super Group)

The operator behind the Spin internet casino, among other iGaming and sports betting properties, now expects its full-year results will fall within the previously stated ranges of revenue of $2.17 billion to $2.27 billion and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $555 million to $565 million.

We are very pleased with our performance this year. Casino outperformed, while sports wagers, deposits and monthly active customers all reached record highs,” said CEO Neal Menashe in a statement.

Menashe noted that Super Group’s online sportsbook business was stung by customer-friendly outcomes in the fourth quarter — a scenario that’s plagued rivals. It’s likely a lot of that damage was incurred in Canada – one of the operator’s biggest markets – where the NFL is popular. Strength in the company’s iGaming business provided a buffer against lower sportsbook hold.

Super Group Delivers Another Special Dividend

Confirming it’s on solid financial footing, Super Group declared another special dividend, marking at least the second time the company has done so since its 2021 initial public offering (IPO).

Super Group’s board of directors approved a special payout of 25 cents per share that will be delivered on February 9 to shareholders of record on February 2.

“Today’s dividend reflects that strength and our confidence in the durability of the business. With a deep product pipeline and continued operating discipline, we are entering 2026 positioned to grow and keep compounding long-term value for shareholders,” adds Menashe.

The one-off payout goes along with Super Group’s regular quarterly dividend, which itself is a rarity in the universe of pure play iGaming sports wagering equities. Many of Super Group’s larger rivals, including DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT), aren’t dividend payers.

Super Group Benefiting from ex-US Focus

Shares of Super Group are higher by 57.38% over the past year, good for one of the best showings among iGaming and online sports betting stocks over that period. One of the “secrets” to the operator’s success has been, believe it or not, lack of exposure to the US.

In 2024, the operator told shareholders it would leave the US sports betting industry. About a year later, it made a similar announcement regarding US iGaming. The company didn’t see pathways to profitability in this country, and rather than fight against a stacked deck, it smartly opted to leave the US.

That’s freed up resources for Super Group to bolster its position in markets such as Canada and Europe while capitalizing on growth opportunities in Africa, where it’s among the leading iGaming operators in nearly 10 countries on that continent.

Todd Shriber
Todd Shriber Financial Reporter

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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