Super Group (SGHC) Limited SGHC
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The news check keeps the assessment current.
General analysis — not personal advice.
A gradual build-up of the position may be justified at current valuation.
Strong growth, raised guidance and improved margins after the US exit support the add signal.
The market reacts positively to the strong results and raised guidance, although ownership transactions create some short-term uncertainty.
BUY is the call. Positive is the market mood. Medium risk means some things can go wrong.
Latest change
- 12 May 2026 — Q1: revenue $612M (+18% YoY), adj. EBITDA $152M (+36%), and profit $86M. Full-year guidance was reaffirmed (revenue >$2.55B, adj. EBITDA >$680M) and $152M was distributed.
The full analysis is open. Follow the company free for the full change history — and email next time the picture changes.
Show all changes (2) — follow the company freeAbout the company
Super Group (SGHC) is a holding company for global iGaming and sports betting brands focused on Betway and Spin. The company is profitable with strong growth in Africa and Europe after exiting the US market. Operations run with low leverage and generate significant cash flows.
Bull case
Strong Q2 report and raised full-year guidance provide momentum into coming quarters.
Bear case
Regulatory changes and ownership transactions may create short-term volatility.
Sensitivity analysis
| Factor | If it weakens | If it strengthens |
|---|---|---|
| African growth | Slower growth in Africa → revenue and EBITDA targets become harder to achieve. | Continued strong growth in Africa → accelerated margin expansion and higher full-year guidance. |
| Regulatory decisions | Tighter rules or tax increases → lower profitability in core markets. | New licenses or favorable rules → increased market access and revenue growth. |
Why this signal
Strong growth, raised guidance and improved margins after the US exit support the add signal.
Recent news
The company declared a quarterly dividend of 0.05 USD per share payable 30 September. Insider sales occurred to cover RSU tax obligations. The stock trades around 13.44 USD after a modest decline.