Strong Growth Across Betway and Spin Brands
Global online gaming operator Super Group has posted a 25% year-on-year revenue increase for Q1 2025, with total revenue climbing to €481.6 million ($517 million) from €384.5 million ($413.2 million) in Q1 2024. The boost is attributed to robust performance across its flagship brands, Betway and Spin, alongside improving margins and expanding global markets.
Betway Drives Sports Betting Gains
The Betway sportsbook arm recorded a sharp uptick in activity, particularly in Africa, Europe, and emerging US markets, where increasing brand recognition and strategic partnerships contributed to higher volumes. CEO Neal Menashe highlighted that Betway’s expansion in regulated jurisdictions long-term growth strategy.
Research by H2 Gambling Capital estimates that regulated markets contributed over 75% of Betway’s revenue this quarter, underscoring Super Group’s successful pivot towards compliance-led operations.
Spin Segment Sees Record Engagement
Meanwhile, Spin, Super Group’s online casino brand, delivered strong results thanks to increased customer acquisition and retention in Canada, Latin America, and European territories. Spin benefited from product innovation, including the rollout of new slots and live dealer content, which CEO Menashe says “enhanced player engagement and extended session times.”
The online casino market, projected by Statista to grow at 11.5% CAGR through 2028, offers fertile ground for Spin’s continued momentum.
Optimistic Outlook with Focus on Profitability
Despite revenue gains, Super Group emphasized its focus on disciplined spending and operational efficiencies to boost profitability. The company reaffirmed its FY2025 guidance, projecting further growth driven by regulated market expansion, product upgrades, and strategic partnerships.
Analysts from Jefferies have responded positively, noting Super Group’s “resilient multi-brand strategy and strong cash position” as key assets for navigating a competitive landscape.
