Kambi ready to exploit market opportunities

Kambi ready to exploit market opportunities

Thursday, November 5, 2015 Totally Gaming
The betting solutions provider reported record quarterly results

Kambi Group chief executive Kristian Nylén said the sports betting solutions provider is poised for even greater success after announcing record results for the last quarter.

Kambi, which was Unibet’s B2B arm before being sold off last year, reported revenue of €12.8m ($11.8m) for the three months to the end of September, which was a year-on-year increase of 35 per cent, and a 25 per cent rise in revenue to €33.5m for the first nine months of the year.

The company said that operating profit for the quarter was €2.5m, compared to €900,000 in 2014, with a large leap in margin from 10 per cent to 19 per cent.

Nylén said that the results were particularly impressive considering there was not a specific major event during the period.

“Kambi’s revenue reached the highest level during a quarter so far, showing exceptional results with strong underlying growth for our customers in a third quarter which had no major sporting tournaments,” Nylén said.

“We have continued to invest in our innovative and competitive offering. This has driven the growth of our customers and supported the strong financial results.”

Nylén added that the company, which already counts Unibet, 32Red and 888 Holdings among its partners, is on the brink of further deals. 

“We remain focussed on signing new customers and are in a number of advanced discussions," Nylén said. “We are well positioned and prepared to face a time of very exciting opportunities as the market continues to consolidate and become more competitive. 

"The requirement for an outsourced premium Sportsbook becomes greater as operators need to save cost whilst also delivering a service in which user experience is paramount.”
 

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