Another strong quarter for Betway and Spin parent company Super Group saw the New York-listed firm up its full-year 2025 guidance, as revenue, EBITDA and actives in Q3 all grew. Bosses now expect revenue to land between $2.17bn and $2.27bn, with adjusted EBITDA to hit between $555m and $565m.

Podium positions in seven regulated Africa markets made the region the key revenue driver in Q3, with plans to launch a Super Coin stablecoin in South Africa in partnership with crypto exchange Luno in the offing. Concerns in Zambia over tax hike means the firm is “proactively navigating” headwinds in the market, according to CEO Neal Menashe.

Elsewhere, Canada and Europe returned gains, with UK revenue up 71% year on year (YoY) and Canada (excluding Ontario) was up 15%. The business, which remains casino-driven (84% of revenue), has seen its share price leap 191% in the past 12 months. September saw six million actives, a new record, use the platform.

Speaking to EGR, Menashe and CFO Alinda Van Wyk explain the business is prepared to handle global headwinds and why the crypto push is a “significant step.”

EGR: Casino continues to dominate revenue and stakes were up 20% YoY. Where can the vertical go from here?

Neal Menashe (NM): I think it’s clear from the year-on-year growth that we can continue to improve our numbers and the product we offer our loyal customers. We make a focused effort to optimise the product experience and in certain countries we are only just beginning to see the strength of what we offer.

Jackpot City launching in the UK and Ghana, with a new casino client in rest of Canada to give some examples, will hopefully keep us moving in the right direction. We also hope to launch Jackpot City in five more countries: Spain, Germany, Botswana, Zambia and Nigeria.

EGR: Gross margin was up on Q3 2024 (12.8% versus 11%) and the presentation mentions improved trading and pricing. Can you delve into that some more?

NM: We are always looking to see where we can improve the product and, on the sportsbook, we were able to integrate better feeds to enhance our offering and increase pricing efficiencies. In addition, AI, machine-learning and better models that drive trading pricing also helped.

EGR: There were record customer levels, too, during the quarter. Can you point to any specific action or strategy that is driving these records?

NM: Our focus on our product is complemented by our strategic marketing. New deals in Formula 1 and maintaining presence in the English Premier League – with partnerships at three of the ‘big six’ clubs – has played a part, too.

Sports is an acquisition tool, and when you have a structural advantage in the summer months, for example the Club World Cup, it flows naturally into customer engagement and subsequently casino segments.

EGR: There was strong growth in the UK, albeit one of your smaller markets, but how large a concern are the potential tax hikes in this month’s Autumn Budget?

Alinda Van Wyk (AVW): There’s still a lot of uncertainty as to how the government will approach the tax. We will wait until we know more and then react accordingly. We have experience in changing landscapes and tax regimes and have built the business globally despite these local ups and downs.

EGR: Why is now the right time to roll out a Super Group stablecoin? And what will be the benefits from the launch?

AVW: It’s the right time for us to take a significant step forward in how we think about payments, rewards and engagement. Super Coin is designed to deepen loyalty and will provide our customers with a seamless way to spend and send money.

We also expect cost efficiencies when more customers adopt the coin and wallet. We are really excited about this opportunity.

EGR: Finally, how’s Q4 trading started and how is confidence heading into the backend of the year?

AVW: We’ve seen continued customer engagement, with monthly average customers surpassing September’s milestone of six million. Sports margins were slightly below our trailing 12-month average, but that is to be expected given the customer-friendly sports outcomes.

Having said that, we feel comfortable in raising guidance with our consistent execution and seasonally supportive calendars.

The post Q&A: Super Group bosses on “significant” stablecoin step and plans for growth first appeared on EGR Intel.