# Super Group Lowers 2026 Guidance Following $40M Sports Revenue Impact as Casino Vertical Expands

URL: https://gambling-soft.com/blog-en/super-group-lowers-2026-guidance-following-40m-sports-revenue-impact-as-casino-vertical-expands/
Updated: 7 November 2026
Publisher: Gambling Soft (https://gambling-soft.com/)

On November 7, 2026, Super Group, the parent company of Betway and Spin, revised its full-year 2026 financial targets downward after customer-friendly sports betting results reduced third-quarter revenue by approximately $40 million. Following this margin pressure, the global operator now projects full-year adjusted EBITDA of between $700 million and $720 million, down from its August forecast of more than $710 million. Group revenue expectations were similarly adjusted to a range of $2.525 billion to $2.575 billion, falling below previous projections that exceeded $2.6 billion. Management confirmed that unfavorable sports outcomes reduced the sports margin below its 24-month benchmark of 13.7%, delivering an estimated $25 million hit to quarterly adjusted EBITDA.

Despite the headwinds in sports wagering, Super Group's third-quarter results demonstrated significant underlying momentum across its digital gaming operations. Total group revenue rose 10% year-on-year to $611 million, up from $557 million in the third quarter of 2025, while adjusted EBITDA increased 8% to $165 million. Monthly active customers reached 6.0 million, expanding 9% compared to the prior-year period. Growth was anchored by the online casino vertical, where international iGaming revenue rose 6.9% to $310 million while sportsbook revenue contracted 8.3% to $33 million. Regional expansion was especially prominent in Africa, where casino gaming revenue surged 21.3% to $205 million, and in the United Kingdom, which delivered a 13% revenue increase that lifted broader European revenues to $115 million.

Strong cash generation allowed the group to finish September with $602 million in liquidity, supporting a newly announced $150 million share buyback and broader geographical expansion, including upcoming German online slots operations following recent regulatory approvals. For independent iGaming businesses evaluating [turnkey casino software](https://gambling-soft.com/turnkey-development/), Super Group's performance underscores the structural stability of the casino vertical during periods of sportsbook volatility. Operators deploying comprehensive [white label casino solutions](https://gambling-soft.com/white-label-solutions/) benefit from diversified product portfolios, where resilient casino wagering and high customer engagement effectively offset the inherent variance of sports margins.

Source: [CasinoBeats](https://casinobeats.com/2026/11/07/super-group-cuts-2026-guidance-after-40m-sports-hit-as-casino-and-uk-growth-hold-up/)