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SGHC Q3 revenue rises 10% but misses estimates

By Reuters News


Overview

  • Online betting and gaming firm's Q3 revenue rose 10% yr/yr but missed analyst expectations

  • Q3 net income rose to $142 mln, beating analyst estimates

  • Company authorized $150 mln share repurchase program through December 2027


Outlook

  • Super Group revises FY2026 revenue guidance to $2.525-$2.575 bln

  • Company now expects FY2026 adjusted EBITDA between $700 mln and $720 mln

  • Revised guidance reflects impact of customer-friendly sports outcomes


Result Drivers

  • CASINO GROWTH - Co said casino gross revenue increased 16% and provided a durable earnings base amid sports volatility

  • CUSTOMER-FRIENDLY SPORTS RESULTS - Co said sports outcomes reduced revenue by $40 mln and adjusted EBITDA by $25 mln

  • AFRICA PROFITABILITY - Co said profitability was strong across Africa, with segment revenue rising to $262 mln from $224 mln


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Miss

$611 mln

$670.86 mln (8 Analysts)

Q3 Net Income

Beat

$142 mln

$112.33 mln (7 Analysts)


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the casinos & gaming peer group is "buy"

  • Wall Street's median 12-month price target for SGHC Limited is $19.00, about 75.4% above its November 2 closing price of $10.83

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago


Reuters Recommended Reads

  • Nov 3 - Lottomatica's core profit rises 3%, aided by online and sports betting growth

  • Nov 3 - Betting on US midterms brings rush, stress as serious money goes on the line

  • Nov 3 - Shopify Q3 revenue rises 32%, GMV hits $119 bln


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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