Kambi Group Reports Q1 2025 Financial Results

Kambi Group plc Class B ( (KMBIF) ) has released its Q1 earnings. Here is a breakdown of the information Kambi Group plc Class B presented to its investors.

Kambi Group plc is a leading provider of sports betting services, offering a comprehensive range of products including Turnkey Sportsbook, Odds Feed+, and AI trading solutions, primarily catering to licensed B2C gaming operators worldwide. The company is headquartered in Malta and operates across multiple regions, including Europe, the Americas, and Asia.

In the first quarter of 2025, Kambi Group reported a revenue of €41.5 million, marking a 4% decrease compared to the same period in 2024. However, when excluding transition fees received in the previous year, revenues actually grew by 7%. The company faced challenges with a decrease in operating profit to €0.8 million, down from €4.4 million in Q1 2024, and a significant drop in earnings per share to €0.027 from €0.107.

Key highlights for the quarter include Kambi’s selection as the sports betting partner for the Ontario Lottery and Gaming Corporation, its launch in the newly regulated Brazilian market, and securing a license in Nevada. These strategic moves are part of Kambi’s efforts to diversify its revenue streams and reduce reliance on a few large partners. The company also extended its partnership with BetCity and launched new partnerships in various regions, showcasing its commitment to expanding its global footprint.

Despite the challenges faced in Q1 2025, Kambi Group remains optimistic about its future. The company continues to focus on diversifying its product offerings and expanding its partner network, which is expected to drive growth and strengthen its market position. Management anticipates a stronger performance in the latter half of the year, supported by new customer launches and seasonal revenue patterns.