Kambi bullish after record Q3 results
Sports betting supplier Kambi said it is confident of succeeding in an increasingly competitive and consolidating market after reporting the strongest financial quarter in its history.
Kambi began operating Unibet’s sportsbook in 1997 and was set up as a separate entity in 2010, and has gone on to supply the likes of 888 and 32 Red among others.
Revenue for the third quarter of 2015 hit €12.8m, a 35% increase on the same period last year. For the first nine months of 2015 revenue stands at €33.5m, an increase of 25% on the previous year, despite the lack of a major football tournament this year.
CEO Kristian Nylén said: “We have continued to invest in our innovative and competitive offering. This has driven the growth of our customers and supported the strong financial results.
“We remain focussed on signing new customers and are in a number of advanced discussions.
“We are well positioned and prepared to face a time of very exciting opportunities as the market continues to consolidate and become more competitive. The requirement for an outsourced premium Sportsbook becomes greater as operators need to save cost whilst also delivering a service in which user experience is paramount.”
Profit after tax was €2.1m for the third quarter of 2015, and €3.3m for the period January to September 2015.
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