Kambi Group plc Class B ( (KMBIF) ) has released its Q2 earnings. Here is a breakdown of the information Kambi Group plc Class B presented to its investors.
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Kambi Group plc Class B is a leading provider of premium sports betting services for licensed B2C gaming operators, known for its comprehensive portfolio that includes Turnkey Sportsbook, Odds Feed+, and esports offerings. In its latest earnings report for the second quarter of 2025, Kambi Group reported a revenue of €40.5 million, marking an 11.5% decrease compared to the same period last year, primarily due to the absence of transition fees that were present in 2024. However, excluding these fees, the revenue only saw a slight decline of 2.0%. The company’s adjusted EBITA for the quarter was €3.7 million, reflecting a significant decrease from the previous year’s €7.5 million, with a margin of 9.2% compared to 16.4% in 2024. Operating profit also saw a decline, standing at €1.6 million with a margin of 4.0%. Despite these challenges, Kambi Group made notable strategic moves, including extending its partnership with LeoVegas Group and signing a new agreement with RedCap in Latin America, indicating a focus on expanding its market presence. The company also initiated its largest share buyback program to date, valued at SEK 165 million (€15 million), which is set to run until November 2025. Looking ahead, Kambi Group remains optimistic about its ability to deliver value and expand its partner network, despite external challenges such as regulatory changes and foreign exchange impacts. The management anticipates a stronger second half of the year, driven by new customer launches and continued operational efficiencies.