Kambi Group reports $47m in Q1 2025 revenue
The company said it has continued to build on foundations for success long-term.
Key Points
- Overall revenue fell by 4% when compared to results from the previous year
- However, revenue for the quarter without transaction fees included reflected a 7% year-over-year increase
Kambi Group has released its financial and business results for the first quarter of 2025.
Revenue during the quarter reached more than $47m, down by 4% year-over-year. However, revenue that excluded the company’s transaction fees reflected a 7% boost when compared to revenue from the previous year’s quarter.
Total expenses in Q1 increased by 4% year-over-year and totaled $46m.
Adjusted EBITA for the quarter reached $6.6m, with an EBITA margin of 5.6% for the period.
Company CEO Werner Becher discussed the quarter’s results by saying, “In Q1, we continued to build the foundations for long-term success, furthering our mission to develop a stronger, more resilient Kambi.
“While revenue grew 7% when excluding the impact of transitions fees, our financial performance was below what should be expected of a company of Kambi’s standing and far from the future level I aspire to.”
Becher also explained how March Madness events impacted the company’s quarterly results.
He concluded by saying, “The operator trading margin was delivered despite an almost unprecedented run of player-friendly results in the March Madness basketball tournament. March Madness is one of the largest sporting events in the US and is consistently among the most popular betting events of the year at Kambi.
“This year saw the top seeds in each region advance to the Final Four, only the second time in history this has happened. These results, which will have been felt by US-facing sportsbooks, resulted in Kambi posting a low single-digit margin for March Madness.”
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