The B2B supplier of sports betting services, Kambi Group, reached € 42.9 million in Q2 compared to € 34.7 million last year. Let us see the market performance specified by the company’s representatives.
Financial Overview
Kambi demonstrated growing profitability in the 2nd quarter of 2023. This period was successful due to business progress based on partnership deals and the development of AI trading capabilities.
Here are the main financial results:
- EBIT unveiled the income before extracting interest and taxes. It was estimated at € 3.7 million at a margin of 8.6%.
- EBITA indicated the cash flow before extracting interest, taxes, and amortisation. It reached € 5 million at a margin of 11.7%.
The company’s representatives reported drastic revenue growth of 24% annually. It was mainly caused by the expansion of the customer base, the instalment of Shape Games, and the increased operator trading margin. The unstable international exchange headwinds and the weakening status of Penn Entertainment in the US segment were also contributors to the high financial performance.
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