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 Connections
Consultancy
Executive Profiles
Soft2Bet
Scientific Games
Digitain Malta
Follow Us

Facing Facts: Q3 2024 analysis

Gambling Insider takes a look at the Q3 results of operators...

Taking stock: The final count of 2024

Gambling Insider tracks operator and supplier prices of some...

CEO Special: Flutter CEO Peter Jackson – Playing to win

As the biggest publicly traded operator in gambling meets th...

CEO Special: Holland Casino CEO Petra de Ruiter – High flier

Petra de Ruiter, Holland Casino CEO, speaks to Gambling Insi...

A welcome from your host

A message from the Founder of the Global Gaming Awards and G...

From the event manager

A message from the Event Manager of the Global Gaming Awards...

From the Awards adjudicator

KPMG in the Crown Dependencies is the official voting adjudi...

The process

The Global Gaming Awards have deservingly earned the reputat...