Super Group has reported a 26% year-on-year (YoY) jump in Q3 revenue to $556.9m (£425.5m), while bosses revealed plans to launch a brand-specific stablecoin in South Africa.

The Betway and Spin parent company saw revenue jump from $442.9m in Q3 2024, driven by growth across Africa, Europe and Canada.

Adjusted EBITDA leapt 65% from $92m to $152.1m, with an adjusted EBITDA margin of 27%, while profit soared from $10.3m to $95.8m.

Monthly active customers jumped 18% to 5.5 million versus 4.7 million in Q3 2024, while, as of 30 September, the New York-listed firm has cash of $461.9m.

Looking at revenue by geography, Africa and Middle East remained the dominant segment, delivering $226m.

Super Group has a podium position in seven of its eight regulated African markets.

North America, driven by Canada, returned revenue of $181m and Europe accounted for $108m in revenue.

The UK and Spain were cited as top European markets, while “significant product improvements” were made on the continent.

In fact, UK sports betting revenue was up 89% and online casino shot up 67%.

The three regions all reported increases, which were minimally offset by a decline in Latam revenue from $6m to $4m.

Online casino made up the lion’s share of the operator’s revenue at $459m, up from $363m in Q3 2024. Online sports betting increased from $74m to $91m.

Included in the firm’s presentation, released ahead of an analyst call due later on Tuesday (4 November), was a slide on a new South African Rand-pegged stablecoin on the Solana blockchain.

Super Group has entered a strategic partnership with Luno, the largest consumer crypto exchange in South Africa, to push out the ZAR Super Coin (ZARSC).

A consumer digital wallet will be released in Q1 2026, with Betway South Africa to serve as a launch acceptance merchant.

Following the Q3 performance, management have upgraded full-year 2025 guidance for revenue and EBITDA.

Revenue is expected to land between $2.17bn and $2.27bn, up from a previous range of $2.125bn to $2.2bn.

Adjusted EBITDA is forecast to hit between $555m and $565m, up from $550m to $560m.

Neal Menashe, Super Group CEO, said: “We are incredibly pleased with our Q3 performance, which highlights the continued strength of our global platform and consistent execution across our core markets.

“Despite customer-friendly outcomes in September, we delivered record-level customer engagement, strong revenue growth and margin expansion.

“Hitting six million monthly active customers was another significant milestone, a reflection of our product innovation and local execution.                                                                       

“With continued momentum into Q4, and the highly anticipated launch of Super Coin, we are focused on driving long-term value for our shareholders and enhancing our global position.” 

In a note on the results, Regulus Partners added: “Super Group has proved the resilience of the early internet model time and again since it has not chased brand and expensive new markets with the vigour of many of its competitors, which is why most of which have ended up as M&A targets.

“Super Group’s regulatory risk profile remains relatively ‘spicy’, our view, but while macro growth in mature markets has consistently saved the day in the past, Super Group must now pivot into emerging markets to maintain momentum.”

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