Super Group (SGHC) Q2 2026 earnings summary

Executive summary

• Achieved record Q2 2026 results with total revenue of $684 million, up 18% year-over-year, and adjusted EBITDA of $204 million, a 30% increase, driven by strong business momentum, World Cup engagement, and growth in Africa, Europe, and Rest of World.

• Landmark partnership with Manchester United announced as principal and exclusive global betting partner, enhancing global brand presence.

• Customer acquisition more than tripled versus the prior World Cup period, with over $166 million in football bets placed and 60% on World Cup matches; 4.1x revenue and 3x new customers versus 2022.

• Average monthly active customers rose 13% year-over-year to 6.2 million.

• Profit for the period reached $123 million, reversing a prior-year loss that included significant non-cash charges.

Financial highlights

• Q2 2026 revenue reached $684 million, up 18% year-over-year; adjusted EBITDA grew 30% to $204 million with a margin of 30%.

• Cash and cash equivalents at June 30, 2026, were $548 million, up 39% year-over-year.

• Free cash flow conversion was 68% in H1 2026; capex as a percentage of revenue at 2%.

• Returned $25 million to shareholders in Q2 and $218 million over the last 12 months.

• Profit for Q2 2026 was $123 million, compared to a $3 million loss in Q2 2025.

Outlook and guidance

• Raised full-year 2026 guidance: total revenue expected to exceed $2.6 billion, adjusted EBITDA to surpass $710 million.

• Guidance incorporates U.K. and Alberta tax effects from July onwards.

• Expect normal seasonality in MAUs and continued momentum post-World Cup, with resumption of customer activity in Q3 and Q4.

• Guidance increase driven by strong organic growth, operational efficiencies, World Cup tailwind, and new partnerships.