A period of strategic consolidation and focused investment defines the latest chapter for Kambi Group, as revealed in their recent financial report. Despite a challenging landscape marked by increased taxes and a less active sporting calendar, the company demonstrated a commitment to financial stability and future growth.
Revenue for the third quarter reached €37.4 million, a decrease of 8% compared to the previous year. Simultaneously, expenses were reduced by 10.3%, showcasing a ‘disciplined’ approach to financial management during a quieter period for sports betting.
Despite these shifts, Kambi maintained profitability, reporting an operating profit of €1.6 million with a 4.3% margin. The company now projects an adjusted EBITA of approximately €17 million for the full year, signaling confidence in its long-term trajectory.
Central to Kambi’s future strategy is the acquisition of source code for a player account management (PAM) platform. This move empowers operators with complete control over player management, encompassing personalization, promotions, and payment processing.
Initial deployment of the PAM platform will concentrate on turnkey sportsbook operations in Nevada, a key market for Kambi. Expansion into other regions is anticipated as the platform matures and proves its capabilities.
CEO Werner Becher emphasized the significance of recent commercial achievements, highlighting deals with seven new turnkey sportsbook partners, three Odds Feed+ agreements, and the renewal of two existing partnerships. These collaborations span both the US and European markets, solidifying Kambi’s geographical focus.
Becher views these partnerships as “a clear reflection of the commercial progress” the company is making. He underscored the importance of delivering a superior product and service to partners while simultaneously laying the groundwork for sustained expansion.
The combination of recent commercial wins, ongoing product enhancements, the potential of the new PAM platform, and continued efficiency improvements are collectively driving positive momentum within Kambi Group, positioning it for future success.
With a busy sporting calendar on the horizon, Kambi is poised to capitalize on emerging opportunities and reinforce its position as a leading provider of sportsbook solutions.
