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.
Q4 Results: Kambi reported Q4 revenue of EUR 42.7 million and adjusted EBITA (acq) grew 16% to EUR 7.4 million, driven by strong operator trading margin and lower costs.
Full Year Performance: 2025 revenue was EUR 162 million, adjusted EBITA (acq) EUR 17.6 million, and cash flow EUR 21.2 million, with a healthy, debt-free balance sheet.
Margin Strength: Operator trading margin rose to 11.2% in Q4 and 10.8% for the year, up from 10% in 2024. Margin guidance for 2026 was raised to 11%.
2026 Guidance: Adjusted EBITA (acq) guidance for 2026 is EUR 20–25 million, up from 2025, with the upper end conditional on no new Colombian betting tax.
AI Adoption: Over 50% of all bets are now traded by Kambi’s AI systems, with management confident in their technological lead and data advantage.
New Partnerships: Four new partnerships since Q4, including Ontario Lottery and several U.S. and international operators, reflecting strong momentum.
World Cup Opportunity: The 2026 FIFA World Cup is expected to add EUR 5 million in revenue (about 3% of annual revenue), with expanded engagement.
Cost Controls: Efficiency programs and targeted savings of EUR 9 million in 2026 are expected to keep operating expenses broadly flat despite inflation.
