Arturo Peña Romano Medina/iStock Unreleased via Getty Images Super Group ( SGHC ) Limited ( SGHC ) reported strong Q1 results on the 11 th of May. The online gaming operator’s earnings momentum remains fast in all major markets, but especially in Africa as a segmenting change underlines. The 2026 FIFA World Cup bolsters the short-term outlook, which Super Group’s 2026 guidance doesn’t seem to acco...
Arturo Peña Romano Medina/iStock Unreleased via Getty Images Super Group ( SGHC ) Limited ( SGHC ) reported strong Q1 results on the 11 th of May. The online gaming operator’s earnings momentum remains fast in all major markets, but especially in Africa as a segmenting change underlines. The 2026 FIFA World Cup bolsters the short-term outlook, which Super Group’s 2026 guidance doesn’t seem to account for. Overall, Super Group’s growth story remains on track after the report. I downgraded my rating to Hold in my previous September 2025 article on the stock, titled “ Super Group: Investor Day Ambition Is Mostly Priced In ”. The stock has since returned 3%, slightly underperforming the S&P 500’s 11% gain. My Rating History on SGHC (Seeking Alpha) Super Group Q1 Earnings Continue the Growth Story First quarter results continued Super Group’s growth story. Revenues came in at $612 million through 18% year-on-year growth, reaching a new all-time high for the company. The number of active customers grew at a similar pace to 6.4 million. The topline result came in $26 million above Wall Street’s consensus , marking the 15 th consecutive revenue beat. The quarter solidifies Super Group’s focus on African markets; the company changed its reportable segments from Betway and Spin, the company’s two brands, to Africa and International. Super Group notes that the change was made due to a shift in strategic focus to regional performance. The company’s growth in Africa clearly underlines the rationale – the market’s revenues grew by 33% year-on-year to $267 million in Q1, reaching 44% of total revenues. iGaming growth was especially strong in Africa, but sportsbook revenues also grew very well. Africa is Super Group’s clear focus point as the company plans to expand its presence on the continent in coming years. SGHC Q1'26 Investor Presentation Other markets weren’t weak either. Super Group reported 9% international growth to $339 million, reflecting 18% growth in Europe, 5% growth...
Following the closest Senate vote since the confirmation requirement began in 1977, Kevin Warsh has officially been cleared to become the next chair of the Federal Reserve. Under his coming leadership, Warsh has vowed that monetary policy will remain "strictly independent" and has advocated for a strict return to the Fed’s dual mandate of price stability and maximum employment. He's also seeking a...
Following the closest Senate vote since the confirmation requirement began in 1977, Kevin Warsh has officially been cleared to become the next chair of the Federal Reserve. Under his coming leadership, Warsh has vowed that monetary policy will remain "strictly independent" and has advocated for a strict return to the Fed’s dual mandate of price stability and maximum employment. He's also seeking a new framework with new communication , as well as aiming to shrink the Fed’s $6.7T balance sheet "slowly and deliberately." Warsh will take the reins of the central bank tomorrow when current Chair Jerome Powell's term comes to an end. Background: A former Morgan Stanley executive and economic advisor to President George W. Bush, Warsh originally gained national prominence in 2006 as the youngest person ever appointed to the Fed's Board of Governors. He ended up serving as a lieutenant to then-Chairman Ben Bernanke, playing a critical role in the aftermath of the 2008 financial crisis. During that period, he became the Fed's central liaison to financial markets to rescue Wall Street, but ultimately resigned from his position due to policy disagreements regarding the expansion of monetary stimulus and quantitative easing. "Though Warsh often had a hawkish bias during his time as a Fed governor from 2006 to 2011, especially after the global financial crisis, his remarks more recently have leaned in the opposite direction," SA Analyst Principal Financial Group writes in Warsh The Reformer: A New Era For The Fed . "He has argued that the U.S. economy faces an enduring AI-driven productivity boom that will lead to significant disinflationary pressures. Indeed, given what's at stake, this is an area in which Chair Warsh is likely to push Fed staffers to produce more research to inform policy direction. He's also doubtful of current measures of inflation, preferring instead trimmed mean or median measures—both of which are running below headline or core PCE inflation." Current dy...
Fighting between Israel and Hezbollah continues and is deepening divisions across Lebanon. Supporters of Hezbollah call the group “the resistance” and see the conflict as existential. Despite agreeing to a ceasefire, Israel still occupies parts of southern Lebanon and insists Hezbollah must disarm for there to be peace—a view shared by many Lebanese. With communities split over Hezbollah’s future,...
Fighting between Israel and Hezbollah continues and is deepening divisions across Lebanon. Supporters of Hezbollah call the group “the resistance” and see the conflict as existential. Despite agreeing to a ceasefire, Israel still occupies parts of southern Lebanon and insists Hezbollah must disarm for there to be peace—a view shared by many Lebanese. With communities split over Hezbollah’s future, The Guardian travels across Lebanon to find out how the conflict is widening divisions and affecting life across the country. Continue reading...
The US Has Restarted Jungle Warfare In Panama After 25 Years For the first time in roughly 25 years, the US has restarted jungle warfare training in Panama, signaling a broader return of American military activity in Latin America, according to a new Bloomberg feature . At a rainforest training center near Colón, US troops practice survival techniques, patrol operations, casualty evacuations, and ...
The US Has Restarted Jungle Warfare In Panama After 25 Years For the first time in roughly 25 years, the US has restarted jungle warfare training in Panama, signaling a broader return of American military activity in Latin America, according to a new Bloomberg feature . At a rainforest training center near Colón, US troops practice survival techniques, patrol operations, casualty evacuations, and combat drills with Panamanian forces. The environment is intentionally unforgiving—thick jungle, venomous snakes, relentless insects—and soldiers often depend on machetes to move through dense terrain. One Panamanian instructor mocked the Americans’ inexperience, joking, “They’re always cutting themselves.” The renewed training effort reflects a wider shift under President Donald Trump, whose administration has taken a far more aggressive posture toward the region. Officials have discussed military action against drug cartels in Mexico, increased pressure on governments in Cuba and Venezuela, and repeatedly raised the possibility of reclaiming the Panama Canal. According to historian Alan McPherson, this approach represents a “coercive, multifaceted new imperialism,” combining military threats with trade pressure and diplomatic leverage. Photo: Bloomberg Bloomberg writes that beyond Panama, Washington has deepened military partnerships across the hemisphere. The US has reached new agreements with El Salvador and Paraguay, carried out drone strikes in the Caribbean, and expanded security coordination involving Ecuador. Trump has encouraged regional governments to take a harder line on organized crime, telling leaders they should respond by “unleashing the power of our militaries.” Inside the Panamanian jungle camp, cooperation between both militaries is highly visible. Troops sleep in the same barracks, eat together, and train side by side. During one exercise, an American soldier explained how a trap designed for animals could also be repurposed in combat: “To trap an enemy...
U. S. equity futures moved higher on Thursday as investors balanced renewed enthusiasm for artificial intelligence against geopolitical uncertainty surrounding the summit between Donald Trump and Xi Jinping.
U. S. equity futures moved higher on Thursday as investors balanced renewed enthusiasm for artificial intelligence against geopolitical uncertainty surrounding the summit between Donald Trump and Xi Jinping.
J Studios/DigitalVision via Getty Images Executive Summary Information Services companies have been performing poorly recently compared to the S&P 500, with multiples falling over 20% since mid-2025, reflecting growing concerns around generative and agentic AI that could structurally disrupt data vendors and workflow-based business models. The market seems to be overly pessimistic on AI disruption...
J Studios/DigitalVision via Getty Images Executive Summary Information Services companies have been performing poorly recently compared to the S&P 500, with multiples falling over 20% since mid-2025, reflecting growing concerns around generative and agentic AI that could structurally disrupt data vendors and workflow-based business models. The market seems to be overly pessimistic on AI disruption by weighing less on the moats some players have in the field, which has created a disconnect between valuation and fundamentals that motivates a more thorough assessment of what workflows AI is likely to substitute. A high-level conclusion would be that companies like Thomson Reuters ( TRI ), which can benefit from exclusive data, regulatory integration, and high cost of error, are less likely to be replaced by AI. On the other hand, companies like Gartner ( IT ), which rely more heavily on interface-driven analytics and advisory content, are at higher risk of being replaced by AI. Price return of the NA professional & commercial services index (blue) and S&P 500 (white) (LSEG) Calculated P/E ratio of the NA professional & commercial services index (blue) and S&P 500 (white) (LSEG) Concerns Around AI Displacement Continued development of AI solutions is seeking to replicate what Information Services companies offer with their proprietary data and workflow tools. Professionals can now use vibe coding to generate functional and production-ready code that replicates core features of established companies in the industry using natural language without the help of technical teams. Models from AI leaders such as Anthropic and Google ( GOOGL )( GOOG ) now feature advanced reasoning, code generation, and agentic capabilities, which accelerated the trend and raised questions around the structural moat of said players. The saying "garbage in, garbage out" can be applied to a lot of situations, and it certainly does when it comes to AI. Without high-integrity data, outputs from AI mo...
Singapore Airlines Ltd. posted a drop in annual net profit as widening losses at Air India weighed on results amid the broader impact of the Iran war on the aviation industry. Net income came in at S$1.18 billion ($927 million) in the year ended March 31, the airline said Thursday. That beat analyst estimates of S$1.08 billion, even as losses at associate companies, which includes the Singaporean ...
Singapore Airlines Ltd. posted a drop in annual net profit as widening losses at Air India weighed on results amid the broader impact of the Iran war on the aviation industry. Net income came in at S$1.18 billion ($927 million) in the year ended March 31, the airline said Thursday. That beat analyst estimates of S$1.08 billion, even as losses at associate companies, which includes the Singaporean carrier’s 25.1% stake in Air India, weighed on overall performance. Read: Singapore Airlines Deepens Role at Air India Amid Record Losses The airline’s own operations remained resilient. Operating profit grew to S$2.37 billion, beating consensus and underscoring strong demand at a time global carriers face a jet-fuel price shock linked to the war. Revenue jumped to S$20.5 billion, also a beat.