Kambi Group has wrapped up 2024 with steady financials and key strategic moves. The Kambi Group Q4 report reveals a revenue of €44.5 million, slightly up from Q4 2023. The company also secured several new partnerships and regulatory approvals, setting the stage for future growth.

  • Revenue for Q4 2024 was €44.5 million, slightly up from €44.3 million in Q4 2023, with full-year revenue reaching €176.4 million.

  • EBITA stood at €7.1 million for Q4, down from €8.5 million last year, with a full-year EBITA of €25.3 million.

  • Operating profit (EBIT) came in at €5.9 million for Q4 (€7.2 million in Q4 2023), with a full-year EBIT of €20.1 million (€20.0 million in 2023).

  • Total expenses rose to €38.5 million in Q4 2024, up from €37.1 million in the previous year. Full-year expenses increased to €156.3 million.

  • Cash flow (excluding working capital and M&A) improved to €6.7 million in Q4, up from €5.5 million, with a full-year cash flow of €25.9 million.

  • Kambi signed a key Odds Feed+ deal with Hard Rock Digital, expanding its presence in multiple US states. The company also launched operations in Brazil, partnering with Stake, BetMGM, BetWarrior, KTO, and Rei do Pitaco.

  • A contract novation agreement was signed to assume FDJ Group’s sportsbook partnership with Ontario Lottery and Gaming Corporation (OLG). Kambi also secured a B2B sports betting license in Nevada, highlighting its regulatory strength.

  • The company raised its long-term operator trading margin expectation to 9.5-11.0%, driven by engagement with high-margin products and AI-powered trading. The Q4 operator trading margin stood at 10.1%.

  • CEO Kristian Nylén emphasized the company’s growth strategy, stating, “We are raising our long-term trading margin expectation to 9.5-11.0% due to increased engagement with higher-margin products and AI-driven trading.”

  • Looking ahead, Kambi forecasts EBITA of €20-25 million for 2025, considering factors such as partner migrations and increased taxation in some markets. The company aims to mitigate risks through cost efficiency measures and product expansion.

  • The company expects revenue growth in 2025, supported by new and existing partnerships, particularly in Brazil and North America. Full-year contributions from partners such as LiveScore and Svenska Spel are also expected to drive earnings.

  • Kambi acknowledges 2025 will bring challenges. Key factors include some partners, like Kindred and LeoVegas, shifting away, as well as increasing tax pressures, such as the proposed temporary VAT in Colombia.  The company is investing in AI innovation, product expansion, and operational efficiencies to strengthen its market position.

Find more news here www.ogqnews.com/category/news/ and find the OGQ Data Magazine via www.quarterly.og-q.com