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
Oddsworks
Live! Casino and Hotel Louisiana
The Star Entertainment Group
Follow Us

Global Gaming Awards Asia-Pacific: Going live

The Global Gaming Awards Asia-Pacific are set for their firs...

Preview: SiGMA Asia 2024

SiGMA’s annual Asia summit comes back to Manila – signif...

Company profile: Praxis Tech

Being payments ready in Asia - A call to action for iGaming...