What factors drove the changes in Super Group's revenue and profit?

What is the revenue and EPS growth rate for Super Group year over year?

Did Super Group beat or miss consensus estimates last quarter?

What guidance did Super Group's management provide for the next earnings period?

What is Super Group's latest dividend and current dividend yield?

What is the market's earnings forecast for Super Group next quarter?

What is Super Group's gross profit margin?

What does Super Group do and what are its main business segments?

- **Record 2025 Growth**: Revenue up 22% to $2.2 billion, EBITDA up 57% to $560 million, driven by Africa (+27%) and North America (+10%).
- **Supercoin Momentum**: ZAR Supercoin wallet launch in H1 2026 to boost engagement, with $35 million annualized EBITDA savings from Apricot integration.
- **World Cup Catalyst**: 2026 guidance includes World Cup tailwinds, with 40% of markets participating and low single-digit Nigeria growth.
- **Shareholder Returns**: $156 million returned in 2025, including $125 million special dividend, with minimum quarterly dividend raised to $0.05/share.

**【CEO Summary Section】**
- **2025 Performance Highlight**: Total revenue reached $2.2 billion (+22% YoY), with adjusted EBITDA of $560 million (+57% YoY). Q4 revenue was $578 million, up 8% YoY, driven by casino momentum and sports calendar strength.
- **Regional Growth**: 
  - **Europe**: 23% YoY growth, led by U.K. (+37%) and Spain (+5%). Germany preparing for H1 slots launch.
  - **Africa**: 27% YoY growth, with Botswana outperforming and South Africa delivering record casino volumes. Sports wagers up 31%, casino wagers up 32% YoY.
  - **North America**: Ex-U.S. growth of 10%, with Canada (ex-Ontario) up 15% and Ontario seeing record engagement.
- **Strategic Initiatives**: 
  - ZAR Supercoin launch in South Africa, with wallet launch expected in H1 2026 to enhance engagement.
  - Apricot transaction finalized, bringing sportsbook tech in-house for efficiency gains.
  - AI-driven hyper-personalized odds to improve trading efficiency.

**【CFO Financial Commentary】**
- **Q4 Financials**: Adjusted EBITDA of $139 million (+11% YoY), with sports and casino wagering up 20% and 17% YoY, respectively. Monthly active customers reached 6.1 million (+16% YoY).
- **Cash Position**: $513 million in cash (+32% YoY), supporting organic growth and shareholder returns.
- **2026 Guidance**: 
  - Revenue: $2.55 billion+ (organic growth, World Cup uplift).
  - EBITDA: $680 million+ (excluding U.S. iGaming). 
  - Dividend policy: Minimum quarterly dividend increased to $0.05/share, with $125 million special dividend paid in January.
- **Risk Management**: Conservative approach to U.K. tax changes (effective April 2026) and Alberta regulation (mid-2026).

**【Q&A Highlights】**
- **Sports Outcomes Impact**: December 2025 saw $20 million EBITDA impact from customer-friendly sports results, but January 2026 normalized to trailing 12-month average.
- **Supercoin Wallet**: Expected to increase engagement and reduce banking fees, with additional exchange listings planned.
- **World Cup 2026**: Expanded format expected to drive global engagement, with 40% of operated markets participating. Low single-digit tailwinds anticipated in Nigeria.
- **M&A Strategy**: Selective bolt-on acquisitions focused on tech, product, or market enhancement with attractive returns.
- **Regulatory Preparedness**: Teams operationalized for U.K. tax changes and Alberta regulation, maintaining 50-60% margin conversion on incremental revenue.

Super Group (SGHC) Limited (SGHC) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: Q3 revenue up 26% YoY to $557 million, driven by 36% Africa growth and 46% Europe expansion.
- **Profitability**: EBITDA rose 65% to $152 million, margin 27%, supported by sports margin improvement to 12.8%.
- **Super Coin Launch**: ZAR-pegged stablecoin to reduce payment costs, with wallet launch in Q1 2026. Potential long-term efficiency gains.
- **Guidance Uptick**: FY25 revenue raised to $2.17-2.27 billion, EBITDA $555-565 million, reflecting customer engagement and diversification.
- **Regional Strength**: U.K. (+71%), Spain (+11%), Botswana (+6.5%), Canada (+14%) highlight global execution.

**【CEO Summary Section】**
- Q3 revenue reached $557 million, up 26% YoY, driven by 36% growth in Africa and 46% in Europe. Group EBITDA rose to $152 million (65% YoY), with a margin of 27%.
- Launched Super Coin (ZAR-pegged stablecoin) in Q4, targeting cost efficiencies and customer engagement. Wallet launch in Q1 2026, starting in South Africa.
- Raised FY25 guidance to $2.17-2.27 billion revenue and $555-565 million EBITDA, reflecting customer growth and diversification.
- Key regional highlights: U.K. (+71%), Spain (+11%), Botswana (+6.5%), and Canada (+14%).

**【CFO Financial Commentary】**
- GAAP net income $420 million; Non-GAAP EPS exceeded expectations at $1.08. Free cash flow $136 million over 12 months.
- Sports margin improved to 12.8% (from 11% Q3 2024), driven by parlay growth and cost control.
- Balanced sheet strong with $462 million cash, supporting reinvestment in AI and product innovation.

**【Q&A Key Highlights】**
- **Super Coin Cost Savings**: Africa payment costs 3-6% of deposits; Super Coin aims to reduce churn and fees. Implementation costs manageable, with long-term efficiency gains.
- **Sports Margin Outlook**: Q4 guidance assumes 14% sports hold (vs. 15.9% Q4 2024). Prudent outlook due to Champions League results, but casino mix (83% Q3) provides stability.
- **Africa Expansion**: Botswana leading growth, with Jackpot City launches in Ghana, Malawi, and Tanzania. Nigeria tech migration to improve scalability.
- **M&A Strategy**: Selective bolt-ons for synergies, e.g., Super Coin license acquisition. Focus on standalone value and operational fit.
- **Regulatory Risks**: U.K. tax increases mitigated by cost efficiencies; Zambia tax headwinds factored into Q4 guidance.

Super Group (SGHC) Limited (SGHC) Q3 2025 Earnings Call Transcript

- **Revenue and Profit Records**: Q2 2025 revenue of $579M (+50% YoY), EBITDA of $157M (+78% YoY), and 27% margin, fueled by sports and casino growth.
- **Strategic Shifts**: Exiting U.S. iGaming with $50M restructuring cost, investing in tech efficiency, and consolidating APAC operations.
- **Regional Strength**: Europe (+53%), Africa (+59%), and North America (+23%) lead growth, offset by Germany's regulatory challenges.
- **Customer Expansion**: 5.5M monthly active users (+21% YoY), sports wagering up 15% YoY, and improved sportsbook margin to 13.9%.
- **Guidance Uplift**: Full-year ex-U.S. EBITDA raised to $500-510M, targeting 30% margin with scale.

**【CEO Summary Section】**
- **Record Q2 Performance**: Total revenue of $579 million (+50% YoY), adjusted EBITDA of $157 million (+78% YoY), and a 27% margin, driven by strong sports betting and casino growth.
- **Strategic Moves**: Exited U.S. iGaming market with a $50 million restructuring cost, appointed Group CTO to enhance tech efficiency, and consolidated APAC operations to reduce costs.
- **Regional Growth**: Europe (+53% YoY), Africa (+59% YoY), and North America (+23% YoY) led by Bet Builder parlay product, while Germany faced regulatory headwinds.
- **Customer Metrics**: 5.5 million average monthly active users (+21% YoY), sports wagering of $958 million (+15% YoY), and improved sportsbook margin (13.9% vs. 12.6% YoY).

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income of $157 million, non-GAAP EPS of $1.08, and $393 million in unrestricted cash.
- **U.S. Exit Impact**: $63.9 million non-cash impairment and $22.6 million provisions for onerous contracts, with $6 million additional costs in Q3.
- **Guidance Update**: Full-year 2025 ex-U.S. EBITDA raised to $500-510 million (from >$480 million), reflecting market reinvestment.

**【Q&A Key Highlights】**
- **U.S. Exit Rationale**: High operating costs and tax increases in New Jersey; redeploying resources to profitable markets like Canada and U.K.
- **Marketing Efficiency**: 23-24% marketing ratio, with focus on digital channels and F1 sponsorship driving engagement.
- **Crypto Strategy**: Testing crypto payments in Africa to reduce banking costs and attract new customers.
- **Future Growth**: Targeting 30% EBITDA margin with scale, and expansion of Jackpot City casino in Africa and Europe.

Super Group (SGHC)-7 Aug 25-2025 Q2 Earnings call transcript

- **Record Q1 Growth**: $517M revenue (+25% YoY), $111M EBITDA (+120% YoY) driven by Africa (+54%) and Europe (+53%).\n- **U.S. Turnaround**: iGaming loss narrowed to -$10M Q1 vs -$11M Q4, on track for 2027 breakeven.\n- **Cash Dominance**: $351M unrestricted cash, $20M dividend paid, $146M returned to shareholders in 12 months.\n- **Africa Expansion**: Botswana launch success; Nigeria focusing on localized product improvements.\n- **Competitive Marketing**: 26% marketing spend ratio vs peers' 15-18%, fueling profitable customer growth.

**【CEO Opening Remarks】**
- Q1 2025 total revenue reached $517 million, up 25% YoY, with ex-U.S. revenue at $502 million (+24% YoY). Adjusted EBITDA rose 120% YoY to $111 million, driven by Africa (+54% YoY) and Europe (+53% YoY).\n- U.S. iGaming EBITDA improved to -$10 million Q1 2025 vs -$11 million Q4 2024, on track for breakeven by 2027.\n- Key growth engines: sports betting ($899M handle ex-India, +7% YoY) and casino, with 5.4M monthly active customers.\n- Cash position remains strong at $351M, with $20M dividend paid in Q1 and $146M returned to shareholders in 12 months.\n- Maintaining FY2025 guidance: >$2B revenue and >$421M EBITDA.\n\n**【CFO Financial Highlights】**\n- GAAP net income of $420M, Non-GAAP EPS of $1.08 exceeded expectations.\n- Operating expenses declined 5% YoY due to cost control.\n- Free cash flow generation supported dividend increases and shareholder returns.\n\n**【Q&A Key Themes】**\n1. **Africa Growth**: Botswana launch successful; Nigeria strategy focuses on localized product enhancements.\n2. **U.S. Strategy**: Spin Palace Casino replacing Betway in NJ/PA; 2027 breakeven target remains on track.\n3. **New Markets**: Alberta (Canada) launch planned for 2026; pipeline includes Ethiopia, Ivory Coast, Angola.\n4. **Competitive Edge**: 26% marketing spend ratio vs peers' 15-18%, enabling profitable customer acquisition.\n5. **Financial Discipline**: No debt, $351M cash, and disciplined capital allocation for M&A opportunities.

Super Group (SGHC)-9 May 25-2025 Q1 Earnings call transcript

- **Ex-US Dominance**: 2024 ex-US revenue up 18% to €1.66B, Q4 EBITDA margin 26%. 2025 targets: €1.83B revenue, 24% EBITDA margin. 
- **US Turnaround**: iGaming-only strategy yields Q4 €14M (64% YoY), 2025 US revenue €85M with reduced spend. 
- **Dividend Boost**: Min quarterly dividend doubles to $0.04/share, 2024 payout $125M. 
- **Africa Expansion**: Botswana launch, 23% marketing spend to drive market share. 
- **US Profitability**: Aiming for 2027+ profitability, adaptable to tax changes. 
- **Cash Strength**: €356M cash, no debt, special Q4 dividend of $0.15/share.

**【CEO Opening Remarks】**
- **Ex-US Business Performance**: 2024 total revenue ex-US reached €1.66 billion (18% YoY), with Q4 revenue surging 38% YoY to €487 million. Adjusted EBITDA ex-US rose 53% YoY to €391 million (24% margin), exceeding 2024 guidance. Q4 EBITDA margin hit 26%, driven by operating leverage and customer growth (5.3M monthly active users). 2025 guidance: ex-US revenue to grow >10% to €1.83B, EBITDA >€435M (24% margin). 
- **US Market Transition**: Shifted to iGaming-only strategy, Q4 US revenue grew 64% YoY to €14M. Full-year 2025 US revenue expected at €85M with reduced investment (~€30-35M vs. 2024's €61M). 
- **Dividend Policy**: Increased min quarterly dividend to $0.04/share (up from $0.025), with 2024 total dividend payout of $125M. 
- **Balance Sheet Strength**: €356M unrestricted cash, no debt. Special Q4 dividend of $0.15/share added to annual $0.25 target. 

**【CFO Financial Insights】**
- **Marketing Efficiency**: 2024 marketing spend ~23% of revenue, maintained for 2025 to drive growth. CEO noted 23% of higher 2025 revenue would support continued expansion. 
- **Africa Expansion**: Botswana market launch, with focus on profitable markets. Brazil license application withdrawn due to product unfit for competitive landscape. 
- **Regulatory Considerations**: Alberta legalization expected H1 2026, UK tax increases factored into 2025 guidance. 
- **US Tax Risk Management**: Adaptable to potential tax hikes (e.g., NJ 25% tax proposal), prioritizing markets with sustainable profitability. 

**【Q&A Highlights】**
- **Africa Growth Drivers**: 23% marketing spend to capture market share in existing African markets, with Botswana as latest entry. 
- **2025 Guidance Confidence**: Off to strong start with Q1 momentum, guided to €1.9B total revenue and 21% margin. 
- **US Profitability Path**: Covering all costs except marketing, targeting 2027+ profitability as revenue scales. 
- **M&A Strategy**: Tuck-in acquisitions in regulated regions, focusing on complementary growth opportunities.

Actual		-0.3524	0.6207	0.072	0.0828	-0.0052	0.0579	0.0211	-0.0967	0.0881	-0.0017	0.0178	0.15	0.1168	-0.0059	0.1888	0.17
Forecast		0.0924	0.1052	0.0461	0.0621	0.0191	0.0221	0.0144	0.0108	0.0326	0.1108	0.0548	0.1611	0.1073	0.1613	0.1454	0.1703
Surprise	0.00%	-481.39%	+490.02%	+56.18%	+33.33%	-127.23%	+161.99%	+46.53%	-995.37%	+170.25%	-101.53%	-67.52%	-6.89%	+8.85%	-103.66%	+29.85%	-0.18%

SGHC

SGHC fundamentals

SGHC Q4 2025 Earnings

Earnings Call

You can ask Aime

SGHC

SGHC fundamentals

SGHC Q4 2025 Earnings

Earnings Call

SGHC Earnings Call Summary for Q4/20258:00 AM on Feb 24, 2026

SGHC Earnings Call Summary for Q3/20258:45 AM on Nov 4, 2025

SGHC Earnings Call Summary for Q2/20257:45 AM on Aug 7, 2025

SGHC Earnings Call Summary for Q1/20257:45 AM on May 9, 2025

SGHC Earnings Call Summary for Q4/20248:30 AM on Feb 25, 2025

You can ask Aime