New Commercial Agreements
Since the start of the third quarter, Kambi has signed 12 new commercial agreements, including a notable partnership with Tier 1 operator, Superbet Group.
Acquisition of PAM Source Code
Kambi announced the acquisition of the source code of a player account management platform, which is expected to open new opportunities, particularly in markets like Nevada.
Cost Efficiency Achieved
Kambi's ongoing efficiency program led to a significant cost reduction, with expenses approximately EUR 4 million lower than the same quarter last year.
Strong Operator Trading Margin
The operator trading margin for the quarter was 10.3%, driven by strong margins in July and August.
Positive Cash Flow and Share Buybacks
The underlying cash flow was positive, and despite EUR 8.1 million spent on share repurchases, Kambi ended the period with a cash balance of EUR 45.4 million.