Super Group
Operator of Betway sports betting and Spin's multi-brand online casinos.
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Profile
Runs Betway for online sports betting and casino play, alongside Spin's and Jumpman's multi-brand online casinos. Revenue comes mostly from casino gaming, with sports betting and Betway brand licensing contributing the rest; operations are managed through Africa and International segments and depend on jurisdiction-specific gambling licenses.
Operates Betway, a single-brand online sportsbook and casino, plus Spin's multi-brand online casinos and Jumpman's UK-focused casino and white-label sites. Revenue comes mostly from online casino play, with sports betting and Betway brand licensing making up the balance.
Serves regulated markets across Africa, Europe, Canada and Asia-Pacific. The operating model now groups results into Africa and International segments, replacing the former brand-based reporting. Execution centers on localized products and marketing, cross-selling casino and sports, and control of its sportsbook technology.
Gaming licenses and local product rules determine market access; third-party casino content and sports-data suppliers remain important inputs. Operations no longer include U.S. betting products after completed exits from sportsbook and online casino.
Company facts
Categories
Key statistics
Year to date +18.7% · Average volume (30d) 2.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Needham | Reiterate | Buy | $6 | $18 | |
| Dec 1, 2025 | BTIG | Target | $9 | $19 | ||
| Sep 19, 2025 | Canaccord Genuity | Reiterate | Buy | $11 | $18 | |
| Sep 18, 2025 | UBS | Target | $18 | |||
| Sep 15, 2025 | Macquarie | Target | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $0.23 | $0.22 | −5.9% | $659.9M | $684.0M | +3.7% | −5.82% |
| Aug 3, 2026Q2 FY26 | $0.23 | $0.22 | −5.9% | $659.9M | $684.0M | +3.7% | +1.68% |
| May 11, 2026Q1 FY26 | $0.17 | $0.17 | −2.1% | $584.7M | $612.0M | +4.7% | −1.97% |
| Feb 23, 2026Q4 FY25 | $0.14 | $0.13 | −6.8% | $566.1M | $568.0M | +0.3% | +8.95% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $566.8M | $681.7M | $555.7M | $578.0M | $612.0M | $684.0M | |
| Gross profit | $164.4M | $199.0M | $185.6M | $140.0M | $170.0M | $221.0M | |
| Operating income | $97.6M | $122.5M | $140.7M | $100.0M | $122.0M | $171.0M | |
| Net income | $64.7M | −$4.7M | $95.8M | $67.0M | $87.0M | $120.0M | |
| Diluted EPS | $0.13 | −$0.01 | $0.19 | $0.13 | $0.17 | $0.24 | |
| Gross margin | 29.0% | 29.2% | 33.4% | 24.2% | 27.8% | 32.3% | |
| Operating margin | 17.2% | 18.0% | 25.3% | 17.3% | 19.9% | 25.0% |
Fiscal years (4-quarter sums)FY21 $1.32B · FY22 $1.29B · FY23 $1.44B · FY24 $1.71B · FY25 $2.38B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $548.0M · Total debt $107.0M · Total assets $1.37B · Shareholders' equity $832.0M
Dividends
Last raised to $0.05 from $0.04 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 23, 2026 | Jun 23 | Jun 30 | $0.05 | |
| Mar 16, 2026 | Mar 16 | Mar 31 | $0.05 | raised from $0.04 |
| Feb 2, 2026 | Feb 2 | Feb 9 | $0.25 | special dividend |
| Dec 15, 2025 | Dec 15 | Dec 19 | $0.04 | |
| Sep 18, 2025 | Sep 18 | Sep 26 | $0.04 | |
| Jun 23, 2025 | Jun 23 | Jun 30 | $0.04 | |
| Mar 10, 2025 | Mar 10 | Mar 28 | $0.04 | cut from $0.10 |
| Dec 23, 2024 | Dec 23 | Jan 8 | $0.15 | special dividend |
Ownership
Shares outstanding 508.08M · Float 163.16M · 32.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Ridgeway Associates Limited | 234.55M | 46.20% | 13D | Aug 11, 2026 |
| Waddle Limited | 94.45M | 18.60% | 13D | Aug 11, 2026 |
| Divisadero Street Capital Management, LP | 20.11M | 3.96% | 13F | Aug 14, 2026 |
| Helikon Investments Ltd | 17.26M | 3.40% | 13F | Aug 11, 2026 |
| BlackRock, Inc. | 9.59M | 1.89% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | Martine Nathan | officer: General Counsel | −3,997 | $13.97 |
| Jul 31, 2026 | Kirsty Farrah Ross | officer: Chief Operating Officer | −54,551 | $13.97 |
| Jul 31, 2026 | Neal Menashe | director, officer: Chief Executive Officer | −48,440 | $13.97 |
| Jul 31, 2026 | Alinda van Wyk | director, officer: Chief Financial Officer | −22,644 | $13.97 |
| Jun 30, 2026 | David Alon Ben | officer: Chief Technology Officer | −8 | $13.74 |
Peers
- Flutter Entertainment
Global sportsbook and iGaming scale against Betway and Spin
- DraftKings
Digital sportsbook and iGaming operator against Betway and Jackpot City
- MGM Resorts International
BetMGM and LeoVegas challenge online casino and sportsbook
- Caesars Entertainment
Caesars Digital overlaps U.S. online casino and sportsbook
- Rush Street Interactive
Casino-first BetRivers portfolio overlaps Spin and Betway
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Super Group | $13.71 | −0.80% | $7.02B | 18.9 | 17.1 | 2.9 | +18.1% |
| Flutter Entertainment | $101.53 | −0.24% | $17.66B | — | 16.4 | 1.0 | +3.3% |
| DraftKings | $25.27 | +0.09% | $12.53B | — | 43.1 | 2.0 | −4.6% |
| MGM Resorts International | $42.20 | −0.13% | $10.64B | 25.6 | 25.7 | 0.6 | +1.1% |
| Caesars Entertainment | $29.74 | +0.02% | $6.06B | — | — | 0.5 | +3.0% |
| Rush Street Interactive | $26.41 | 0.00% | $6.54B | 90.2 | 35.0 | 4.8 | +46.3% |
| Median | 57.9 | 30.4 | 1.0 | +3.0% |