Canada Comes Into Focus as Super Group Reports Q3 2025 Revenue Increase

Posted on: November 5, 2025, 02:04h. 

Last updated on: November 5, 2025, 02:18h.

Mark Keast Read More
Expertise: Canadian Gaming, iGaming, Las Vegas, Sports Betting, NFL, Boxing, UFC.
  • Super Group reports revenue of US$556.9 million for the third quarter of 2025
  • Company expects to announce new online casino client in Ontario in 2026
  • North American revenues grew 14% compared to the same period in 2024

Super Group, the company behind Betway sportsbook, Jackpot City, and Spin, issued its Q3 2025 financial results on Tuesday, and the Canadian iGaming market was highlighted as a primary driver behind a 26% year-over-year increase in revenue.

Super Group issued its Q3 2025 financial results this week, showing an uptick in revenue, with the company’s performance in Canada being a big part of that. (Image: Shutterstock)

The company reported Q3 revenues of US$556.9 million, driven by growth in Africa, Europe, and North America, mainly Canada. The company is pulling out of the US market in Q4. The company saw declines in South America and Latin America.

Profit for the period was $95.8 million (Q3 2024 profit was $10.3 million). Adjusted EBITDA increased by 65% to $152.1 million for Q3 compared to $92 million for Q3 2024. Monthly active customers increased by 18% to 5.5 million for the third quarter of 2025, compared to 4.7 million in Q3 2024.

In North America, revenue grew 14% compared to the same period in 2024.

Big Revenue Uptick

In an earnings call on Tuesday, company CEO Neal Menashe said the results were confirmation of the strength of its platform and the effectiveness of execution across its core markets.

“We had a record six million active customers in September, which we have already surpassed in October,” he said. “This reflects the depth of our global footprint, our localized execution, and the value loyal customers continue to place on our products and platforms.”

As a result of the strong Q3 results, Super Group raised its full-year 2025 group revenue forecast from $2.125-$2.20 billion to $2.17-2.27 billion.

Menashe was asked about Ontario, where the company is licensed, and said the province saw a 3% increase in revenue. In the rest of Canada, where the company operates in the grey market, revenues increased 15% year over year, supported by higher deposit volumes and strong customer retention. 

Double-Digit Growth Rate for Alberta

The Q3 2025 period ended September 30.

Menashe said Super Group is planning to launch a new casino client in Ontario in the first half of 2026, a market where casino has an 84% market share, according to an IGaming Ontario market performance report for September.

Menashe was asked about Alberta’s potential growth rate when that regulated market goes live, likely in early 2026. Super Group has been a dominant player in the grey market in Alberta for years and plans to join the regulated market like it did in Ontario.

“We learned our lessons,” he said. “We’re obviously enhancing the product [in Ontario], and that will help us deliver more in Alberta. I would say Alberta would be higher teens (growth rate). We would expect it to be close to what we see in Canada.”