Kambi has reported a revenue of €41.5m (£35.3m) for Q1 2025, reflecting a 4% dip year-on-year (YoY). CEO Werner Becher is optimistic about building a strong foundation for long-term success despite the setbacks.
When excluding €4.4m in transition fees from the previous year, revenues saw a 7% increase YoY. Factors contributing to the decline included new deposit limits in the Netherlands and increased gaming taxes across various jurisdictions.
Shares of Kambi dropped by nearly 9% to SEK107.4 following the earnings report. Adjusted EBITDA also fell by 22% YoY, amounting to €11.1m, and the operating profit dropped a staggering 82% YoY to €800,000.
Key Points
- Kambi’s Q1 revenue was €41.5m, down 4% YoY, but up 7% when excluding previous transition fees.
- Shares fell nearly 9% to SEK107.4 following the disappointing earnings report.
- Adjusted EBITDA decreased by 22%, while operating profit dropped by 82% YoY.
- Turnover from the Americas increased by 7% and accounted for 57% of the total operator turnover.
- Kambi signed a new partnership with Ontario Lottery and Gaming Corporation to further bolster its market presence.
Why should I read this?
If you’re interested in the future of sports betting or Kambi’s evolving strategy, this article is a must-read! Kambi is laying down the groundwork for long-term success amid some bumpy earnings. Understanding how they’re navigating these challenges could give you insights into the wider industry trends and what to expect moving forward. We’ve sifted through the details so you can keep up with the implications without the hassle!