Super Group Shares Soar 5.53% on U.S. Market Exit

Super Group (SGHC) shares surged to a record high today, with an intraday gain of 5.53%.

Super Group has announced its decision to withdraw from the United States iGaming market, citing significant regulatory changes and concerns over long-term profitability. The company highlighted increased tax burdens in key U.S. jurisdictions, such as New Jersey's tax rate hike, and high licensing costs in states like Ohio and Michigan as primary reasons for this strategic move. This exit is anticipated to result in a one-time restructuring cost ranging from $30 million to $40 million.

Despite the U.S. market exit, Super Group is reporting robust performance in international markets. The company achieved record Q2 results for 2025, leading to an upward revision of its financial forecast. Revenue, excluding the U.S., is projected to exceed $2.0 billion, while adjusted EBITDA is forecasted to surpass $480 million. This strong performance underscores the company's resilience and strategic focus on more profitable markets.

Super Group plans to unveil a detailed strategic roadmap during its Investor Day on September 18, 2025, in London. This event is expected to provide further insights into the company's future direction and growth strategies, following its decision to exit the U.S. market. Investors and analysts will be closely watching for updates on how Super Group intends to capitalize on its international success and navigate the evolving regulatory landscape.