Published
Sports BettingIndustry

Kambi Group enjoys 11% revenue growth during FY2017

Sports betting business Kambi Group has revealed an 11% year-on-year rise in its total revenues during the full-year 2017.

kambilogonew

Publishing its financial report for the year, Kambi revealed total 2017 revenues of €62.1m, beating the previous 2016 total revenue figure of €56m.

Company EBITDA for the full-year 2017 grew to €16m from a previous 2016 figure of €15.6m, while profits from operations fell from a 2016 high of €8.8m to a full-year 2017 figure of €7.7m.

In addition profits after tax fell 21% to €5.9m from a previous 2016 high of €7.5m.

Speaking about Kambi’s 2017, group CEO, Kristian Nylén, commented: "With four new customers added, four key accounts retained and a prestigious sports betting supplier award won, 2017 will long be remembered as a very successful year for Kambi. It is certainly one I look back on with pride.

“The addition of these new customers means Kambi has won new business in eight consecutive quarters. This is an impressive run and one that I’m glad to say we have kept going into 2018.”

Premium+ Connections
Premium

Digitain

 
Premium

1xBet Partners

 
Premium

RISK

 
Premium

Lynon

 
 
Premium

Galaxsys

 
Premium

Revsharks

 
Premium

GammaStack

 
Premium

Imagine Live

 
Premium

PIN-UP Partners

 
Premium

Sport Generate

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

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...