Published
FinancialSports Betting

Kambi reports 48% increase in revenue for Q3

Kambi has reported revenue of €41.6m ($48.3m) for the third quarter of 2021, a 48% increase from the prior-year period.

kanff ffbfbba

Operating profit for the period was €14.7m, at a margin of 35%, while profit after tax amounted to €11.9m.

Kambi also reported its financial results for the period January to September 2021, where revenue amounted to €127.5m. That figure is an 80% increase from the same period in 2020.

Operating profit for January to September 2021 was €50m at a margin of 39%, while profit after tax amounted to €40.3m.

The company reported several key highlights for the period, such as the acquisition of esports data and odds provider Abios, and the expansion of its partner network with the signings of Island Luck in The Bahamas and BetCity in the Netherlands.

“I’m pleased to report another excellent quarter for Kambi, with strong financial results against tough 2020 comparables, which is a testament to our robust business model and the hard work of our staff across the world,” said Kambi CEO Kristian Nylén.

Nylén also pointed to the group’s performance in the US market, as well as its M&A activity throughout the quarter.

“We had a strong start to the new NFL season, which kicked off on 9 September, with our platform outperforming the competition and our market-leading Bet Builder product engaging a large number of bettors and returning higher average operator trading margin,” he said. “Furthermore, revenue in Q3 was boosted by our continued US expansion, including day one launches in Arizona, the 15th state in which Kambi has launched. In total, Kambi completed approximately one launch per week on average throughout the quarter.

“As we saw in Q3, M&A remains an ongoing trend in this industry, with the number of transactions featuring sports betting and gaming assets on the rise due to a growing appetite to invest in companies with highly sought-after technology. This illustrates the inherent value in proven businesses and supports a strong belief in future growth prospects in regulated markets across the world.”

Premium+ Connections
Premium

1xBet Partners

 
Premium

Galaxsys

 
Premium

Lynon

 
Premium

RISK

 
Premium

Digitain

 
Premium

PIN-UP Partners

 
Premium

Imagine Live

 
 
 
Premium

GammaStack

 
Premium

Sport Generate

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Esportes Gaming Brasil

Ana Carolina Luna Maçães

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...