Kambi registered revenue increase of 38% in 2021

Kambi Group, the world’s trusted sports betting partner, has published its 2021 Annual Report and Accounts with key highlights for the company during the year that include:

• A 38 per cent increase in revenue to an all-time high of €162.4m, with operator turnover up 40 per cent.
• 77 per cent growth in operating profit, strengthening Kambi’s net cash position which now stands at €72.3m.
• 8 new operator signings, bringing Kambi’s global network to 40 partners.
• 70+ partner launches completed, including over 50 in the US alone.
• Acquisition of leading esports data, odds and content provider, Abios.

Lars Stugemo, chairman of Kambi Group plc, commented: “When reflecting on the year, I feel proud to see just how far Kambi has come since spinning out of what is now the Kindred Group back in 2010. Kambi is a true leader in its field, powered by unique technology and a strong and experienced team.”

“Yet as the global regulated market grows, I feel we’ve only just scratched the surface of what’s possible. Following the recent announcement regarding the Kindred Group – that Kambi now has the option to repay the convertible bond held by Kindred since the spin-off, while separately extending what continues to be an extremely successful partnership – I have even greater conviction in my belief that, with our destiny in our own hands, the Kambi growth story has only just begun,” Stugemo added.

Kristian Nylén, CEO of the company, concluded: “The business is in great shape and the global opportunities ahead are exciting. I’m proud of our achievements in 2021, driven by the hard work of our employees who care passionately about delivering for our partners.”

Source: GMB