Kambi Group PLC
OTC:KMBIF
Kambi Group PLC
Kambi Group Plc provides sports betting solutions to business-to-customer operators. The company employs 942 full-time employees The company went IPO on 2014-06-02. The firm is engaged in the provision of managed sports betting services. The firm services consist of an offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on in-house developed software. The firm's subsidiaries include Kambi Malta Limited, Kambi Spain plc, Sports Information Services Limited, Sports Information Services Limited, Kambi Services Limited, Kambi Services Limited, Global Technology & Sports Limited, Kambi Philippines Inc., Kambi Sports Solutions (Alderney) Limited, Kambi Australia Pty Ltd and Sports Analytics Services srl.
Kambi Group Plc provides sports betting solutions to business-to-customer operators. The company employs 942 full-time employees The company went IPO on 2014-06-02. The firm is engaged in the provision of managed sports betting services. The firm services consist of an offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on in-house developed software. The firm's subsidiaries include Kambi Malta Limited, Kambi Spain plc, Sports Information Services Limited, Sports Information Services Limited, Kambi Services Limited, Kambi Services Limited, Global Technology & Sports Limited, Kambi Philippines Inc., Kambi Sports Solutions (Alderney) Limited, Kambi Australia Pty Ltd and Sports Analytics Services srl.
Revenue Decline: Kambi reported Q3 revenue of EUR 37.4 million, down 8.1% compared to last year (excluding nonrecurring fees).
Guidance Cut: 2025 adjusted EBITA (acq) guidance was lowered to around EUR 17 million, mainly due to slower growth in Brazil, FX headwinds, and a delayed Ontario Lottery launch.
Strong Cost Reductions: Efficiency measures led to a EUR 4 million reduction in quarterly costs and staff numbers fell by about 50 versus last year.
Commercial Momentum: 12 new partner agreements signed since July, including with Superbet, Glitnor, and a major US tribal operator.
New Strategic Move: Kambi acquired source code for a proprietary player account management (PAM) platform, aiming to boost opportunities in Nevada and potentially other markets.
Market Challenges: Regulated Brazilian market is slower than anticipated, with continued large black market presence and channelization issues.
Seasonal Q4 Expectations: Management expects a seasonal revenue and margin spike in Q4 due to the sporting calendar.
