Kambi revenue rises 23% in Q3 as adjusted EBITA jumps 161%

Kambi Group announced higher revenue and profitability in Q3 2026. Group reported revenue increasing 23% year-on-year to €46m and adjusted EBITA rising 161% to €7.9m. Q3 ended in 30 September with FIFA World Cup and new partner launch results. Lower operator trading margins in August and September limited further revenue growth. Kambi also introduced corporate identity rebrand which reflects its focus on AI, network data and more dynamic betting products. CEO Werner Becher said: As a result of this exercise, we now operate as a leaner, more agile organisation, as well as one which is fully focused on leveraging the data advantages of our vast network and proprietary AI trading system to strengthen our position as the world’s leading AI-powered sports betting network. Kambi recognized that the FIFA World Cup was instrumental in contributing to Q3 revenues, which took place in July. The tournament also incurred a markup of €4.2million. Kambi pointed out that although these costs would decrease gross margin, they were renegotiated with the operators, and averted any profit margin problems. Among the drivers of growth were a number of new partners, comprising Ontario Lottery and Gaming Corporation and PMU. Also, the impact of exchange rates like a surge of the Colombian peso boosted revenues by another €1.7m. The total quarterly sportsbook turnover grew 3% year-on-year. Even so, the sports results during the World Cup affected the overall turnover despite positive changes. The share of regulated markets in turnover went up to 98.5% from 98.4%. In the Americas, turnover increased by 6.7% and reached 59.9% in total while Europe performed at a much lower level and decreased by 3.1% to cover 36.4% share. The rest accounts for other markets. Kambi sets its adjusted EBITA guidance at €26 million after the successful Q3 2023. Initially, the expected range was €23-27 million. Becher said: The momentum generated over recent quarters, combined with our expanding partner network, continued product innovation and operational discipline, gives us confidence in the future. Kambi shares rose more than 5% at the time of writing.