Published
FinancialSports Betting

Kambi Group reports 26% decline in Q4 2021 revenue

Kambi Group has reported revenue of €34.9m ($39.7m) for the fourth quarter of 2021, a 26% decline from the prior-year period.

KAMBI Q4 web image

Operating profit for the quarter was €7.1m, at a margin of 20.2%. Profit after tax amounted to €6.1m, while earnings per share were €0.198. Cash flow from operating and investing activities meanwhile amounted to €4.8m.

Kambi added that the 2022 AGM will be held on 17 May 2022, noting that the board proposes that no dividend is paid out.

Key highlights from the quarter included the completion of 38 launches, including three additional US states. The group signed with new partners in Australia, the Bahamas and the Netherlands, and also received a mobile platform licence in New York.

“The momentum we built in Q3 continued into Q4, helping us finish the year in fine fashion,” said Kambi Group CEO Kristian Nylén.

“One of the key quarterly highlights was the receipt of our licence in New York State, which since launching a few weeks ago has quickly grown to become the largest market in the country. 

“In summary, Q4 concluded a transformative year for Kambi and as we move into 2022, I am confident the business has never been better positioned for the future. The prospect of further regulation and additional partner signings across the globe is positive and we are firmly established as the go-to provider for the global sports betting market. 

“I look forward to building on our successes this year and beyond to the benefit of both our partners and shareholders alike.”

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...