SÁB 7 DE DEZEMBRO DE 2019 - 07:09hs.
Positive results

Kambi reports strong performance in 2018

Global sports betting supplier Kambi finished 2018 on a high, with full-year revenues up 23% and operating profit increasing by 65% year-on-year, in a period that saw the company sign eight new customers and take the first legal online sports bet in the US. “I'm not surprised Kambi is now seen as the leading multi-channel sports betting supplier in this burgeoning market,” said firm’s CEO Kristian Nylén.

Kambi’s revenue amounted to €19 million for Q4 2018, and €62.1 million for the period January to December 2018.

A strong financial performance in Q4 2018 saw operator turnover growth at 42%, with Kambi revenue growing 14%, while operator trading margin of 8.5% was above expectation, although below the 9.7% margin in Q4 2017.

Kambi’s CEO Kristian Nylén said: “Bearing in mind the comparative period in 2017 delivered Kambi's highest ever operator trading margin, our Q4 2018 performance is particularly pleasing and highlights the positive momentum we have built within the business.”

“While there were many positive aspects to our Q4 2018 performance, the highlight was Kambi's retail delivery. During the quarter, Kambi successfully launched on-property sportsbooks with DraftKings at the Resorts Casino in New Jersey and with Rush Street Interactive in two casinos in Pennsylvania,” Nylén added.

“Furthermore, much of the planning and preparation work for the launches of ATG in 2,000 retail stores in Sweden and two properties owned by new customer signing Greenwood Gaming & Entertainment in Pennsylvania, took place in Q4, enabling their successful launches in January 2019,” he also said.

“With the US market high on Kambi's priority list, our ability to demonstrate our high-quality on-property Sportsbook and prompt time-to-market leaves us well-placed moving forward, particularly considering the emphasis US operators and state regulators place on the retail channel. When also factoring in the early success we have had online in New Jersey, I'm not surprised Kambi is now seen as the leading multi-channel sports betting supplier in this burgeoning market,” Nylén concluded.

Source: GMB / Intergame Online