Kambi has published its Q3 2025 results, reflecting steady commercial progress despite currency challenges and slower growth in some markets. The Kambi Q3 2025 results underline cost control, expanding sportsbook partnerships, and the company’s investment in new technology to drive future opportunities.

• Revenue in Q3 2025 was EUR 37.4 million, down 13.1% year-on-year or 8.1% excluding transition fees, while Adjusted EBITA (acq) reached EUR 3.4 million at a 9% margin. Total expenses fell 10.3%, helping offset a quieter sporting calendar that lacked last year’s major events.

• From January to September 2025, Kambi recorded EUR 119.3 million in revenue, down 9.6% or just 1.2% excluding one-off fees. Adjusted EBITA (acq) for the period was EUR 9.4 million, with continued FX pressures prompting the company to revise full-year guidance to around EUR 17 million.

• The supplier announced several new agreements, including seven Turnkey Sportsbook partnerships and four Odds Feed+ deals with major operators such as Superbet, LeoVegas, and Coolbet. These partnerships, plus new tribal and European deals, have diversified its revenue and strengthened its global footprint.

• Kambi acquired source code for a player account management (PAM) platform from OMEGA Systems, designed to unlock new Turnkey opportunities in Nevada and beyond. CEO Werner Becher said the combined impact of new deals, cost discipline, and fresh technology will support “sustainable growth and long-term returns.”

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