Published
Sports Betting

Kambi grows revenue 21% year-on-year to €92.3m

Kambi has announced a full-year revenue increase of 21% year-on-year, after posting its Q4 and full-year results.

KambiLogo

Revenue from January to December 2019 rose to €92.3m ($100.7m), while profit after tax increased by 6% yearly to €10.4m and EBITDA rose 29% to €29.1m.

Revenue for Q4 improved by 23% from 2018 to €26.7m, while profit after tax increased 39% to €4.6m.

Kambi CEO Kristian Nylén said: "Looking back on 2019, it was another great year for Kambi, as we continued to build out a fantastic sports betting product, expanded into multiple new markets and signed six new partners, all of which leaves us in a great place for 2020.

"The evolving nature of the sports betting industry means there will always be challenges to overcome but I know we have built a robust business with the capability and strength to withstand these pressures."

The supplier contributed its financial growth to expansion in the US, which saw it launch in all three of Seneca Gaming Corporation’s New York Casinos after signing a partnership in November.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Executive Profiles
American Gaming Association
Penn Entertainment
Flutter Entertainment
Barstool Sports

London calling

Gambling Insider looks ahead to the sixth Global Gaming Awar...

Innovating fantasy

StatHero CEO and Founder Jason Jaramillo speaks to the GI Hu...

The uncut pearl

In this issue, Gambling Insider looks at three of Asia’s m...

Singapore: Age of the VIP

Gambling Insider looks at the Asian nation's high prospects...

Read Magazine

28 November, 2022

Wynn Macau to inject MOP 4.8bn into Macau resort following licence renewal success

Wynn Macau has announced it will inject approximately MOP 4.80bn (US$596.4bn) into Wynn Resorts Macau (WRM), along with other changes.