Kambi Group plc Publishes 2023 Annual Report and Accounts

April 3, 2024 | Financial

MALTA (March 30, 2024) — Kambi Group plc, the world’s trusted sports betting partner, has today published its 2023 Annual Report and Accounts

This can be downloaded from the company website www.kambi.com or accessed via the PDF in this press release. The report is also available at https://www.kambi.com/annualreport2023/.

Key highlights for Kambi during the year include:

A 13% increase in revenue to €173.3 million when excluding the one-off termination fee from Penn recorded in Q4 2022
€25.2 million in EBITA (acq)*
10 new operator signings including Bally’s Corporation, LiveScore Group and Svenska Spel
Seven partnerships extensions including ATG, Betplay, LeoVegas Group and Rush Street Interactive
60+ sportsbook launches across multiple markets in Europe, Latin America and the US
Repaid the full €7.5 million convertible bond previously held by Kindred Group to give Kambi full control over its future strategic direction

*EBITA (acq) = Earnings before interest, taxation, Items affecting comparability and amortisation on acquired intangible assets

The Annual General Meeting will be held on 21 May 2024 at 14:00 CEST in Birkirkara, Malta.

About Kambi

Kambi is a provider of premium sports betting services to licensed B2C gaming operators. Our services encompass a broad offering from front-end user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi’s 40-plus customers include ATG, Bally’s Corporation, Corredor Empresarial, Kindred Group, LeoVegas, LiveScore, Rush Street Interactive and Svenska Spel. Kambi employs more than 1,000 staff across offices in Malta (headquarters), Australia, Denmark, Philippines, Romania, Sweden, the UK and the United States.

Kambi utilises a best of breed security approach and is ISO 27001 and eCOGRA certified. Kambi Group plc is listed on Nasdaq First North Growth Market under the symbol “KAMBI”.

The Company’s Certified Advisor is Redeye AB.

SOURCE: Kambi Group plc.