Kambi Group reports Q1 revenue of €43.5m
(AsiaGameHub) - Year-over-year revenue rose by 4.9 percent. Press release.- Kambi Group has unveiled its financial overview for the first quarter of 2026. The report emphasized that revenue reached €43.5 million, a 4.9 percent year-over-year increase from €43.5 million in the corresponding period of 2025. Adjusted EBITA (acq) grew by 63.5 percent in Q1 2026 to €5.7 million (compared to €3.5 million1), with a margin of 13.0 percent (up from 8.4 percent). Meanwhile, operating expenses stood at €31.9 million (down from €32.6 million), marking a 2.1 percent reduction. Total expenses for the first quarter came to €39.2 million (vs. €39.3 million2), a 0.4 percent drop. Operating profit was €4.2 million (up from €0.8 million), with a margin of 9.7 percent (compared to 2.0 percent). Cash flow (excluding working capital, mergers and acquisitions, and financing activities) totaled €7.3 million (down from €7.7 million), and first-quarter earnings per share were €0.086 (vs. €0.027). Key operational highlights Chosen by Atlantic Lottery Corporation and British Columbia Lottery Corporation to power a multi-province Canadian sportsbook platform that serves seven out of Canada’s 10 provinces. Secured a long-term Turnkey Sportsbook partnership with Pari Mutuel Urbain (PMU) and finalized the launch of PMU’s new online sportsbook, signifying Kambi’s entry into France’s regulated sports betting market. Wrapped up several major partner launches, including with Ontario Lottery and Gaming Corporation, along with new collaborators LCKY Group in Sweden and Pickwin in Mexico. Maintained positive momentum for Odds Feed+ via a multi-year deal with ComeOn Group, expanded content distribution to Hard Rock Bet Sportsbook, and launched partnerships with Coolbet and LeoVegas. Werner Becher, CEO of Kambi Group, said: “I’m delighted to share our Q1 2026 results, which represent a robust start to the year and highlight the business’s growing positive direction. This quarter, we achieved enhanced financial results alongside sustained commercial progress. Revenue rose by 5 percent year-over-year to €43.5 million, while adjusted EBITA (acq) jumped by 64 percent over the same period to €5.7 million—an indication of increased operating leverage within the company. “Our improving financial and commercial standing backs our full-year adjusted EBITA (acq) guidance of €20 to €25 million. This forecast now accounts for the newly implemented sports betting tax in Colombia, which replaced the temporary VAT levy that was removed in February. Even though the new tax is projected to cut revenue by around €4 million in 2026, we’re still confident we can meet our adjusted EBITA (acq) target range. “Today, we announced a major partnership with Atlantic Lottery Corporation and British Columbia Lottery Corporation, which will soon have Kambi offering our online and retail Turnkey Sportsbook across seven Canadian provinces. This comes after a rigorous tender process where our capabilities, experience, and integrity set us apart as the top choice to provide a new nationwide sports betting solution. Combined with our existing partnership with Ontario Lottery & Gaming Corporation, Kambi will power sportsbooks for lotteries in eight out of Canada’s 10 provinces. “This exciting update follows closely on the heels of our announcement of a long-term partnership with PMU, one of France’s most well-established and recognizable betting brands. PMU has just launched its new betting app, integrating the Kambi sportsbook with its racing offering for the first time to create valuable cross-selling chances. This launch marks Kambi’s entry into France’s regulated sports betting market, and I’m hopeful about helping PMU achieve its goal of expanding market share in one of Europe’s biggest betting markets. The PMU deal, together with our Canadian expansion, shows Kambi’s increasing importance to top national and institutional operators. “Additionally, we locked in several other key agreements in Q1, such as turnkey sportsbook deals with tribal operator 4 Bears Casino and Lodge in North Dakota and SuomiVeto in Finland, plus a multi-jurisdictional Odds Feed+ agreement with ComeOn Group. We also strengthened existing partnerships this quarter. Specifically, we expanded content access for Odds Feed+ partner Hard Rock Bet Sportsbook, offering pricing for major events like the Winter Olympics and March Madness, along with a wider array of outright markets across key U.S. sports. This builds on a partnership that already includes access to our complete tennis lineup and a large selection of top-tier domestic football leagues. “Operationally, we’re collaborating closely with partners in preparation for the upcoming FIFA World Cup, rolling out a set of product upgrades across front-end, rewards, offering expansion, and trading. These improvements are intended not just for the tournament but to provide long-term value well after it ends. Simultaneously, we’re expanding our AI-powered trading capabilities. After initial rollouts in tennis and basketball, over 60 percent of Q1 bets were priced and traded by AI—a figure that will rise further following our recent expansion into ATP tennis. “Although external challenges persist, we’ve started the year strongly. Kambi continues to provide market-leading turnkey and odds feed products, we’re making progress on efficiency and productivity initiatives, and we’re entering the busiest phase of the global sports calendar with confidence. Given this context, I think the overall outlook for the business remains positive, and I’m encouraged by the opportunities ahead.” This article is provided by a third-party. AsiaGameHub (https://asiagamehub.com/) makes no warranties regarding its content. AsiaGameHub delivers targeted distribution for iGaming, Casino, and eSports, connecting 3,000+ premium Asian media outlets and 80,000+ specialized influencers across ASEAN.
