Kambi Group posts revenue of €45.9m for Q2

Revenue was up 13.5 per cent in year-on-year terms.

Press release.- Kambi Group has released its financial summary for the second quarter of 2026. The report highlighted revenue amounting to €45.9m for Q2, up from €40.5m in the same period in 2025. That’s an increase of 13.5 per cent year-on-year. Revenue for the first half was €89.4m, up 9.1 per cent.

The company also posted an operating profit (EBIT) for the second quarter of 2026 of €7.6m, an increase of 102 per cent, at a margin of 16.5 per cent. Adjusted EBITA for the first half of the year increased by 83 per cent to €13.3m, at a margin of 14.8 per cent (8.8 per cent).

Operating expenses in the quarter were €31.5m, a decrease of 0.6 per cent. For the first half of the year operating expenses were €63.4m, a decrease of 1.4 per cent.

Operating profit in the quarter was €5.8m, at a margin of 12.7 per cent (4 per cent). For the first half of the year operating profit was €10.1m, at a margin of 11.2 per cent (2.9 per cent).

Cash flow (excluding working capital, M&A and financing activities) amounted to €1.5m (1.3m) in the quarter and €8.8m (9.0m) for the first half of 2026.

Earnings per share for the quarter were €0.128 (0.009) and €0.213 (0.036) for the first half of 2026.

Full year estimated adjusted EBITA (acq) increased to €23 – 27m from €20 – 25m.

Key operational highlights

• Strong FIFA World Cup performance, processing more than €1bn in Turnkey Sportsbook turnover and recording an operator trading margin of 18 per cent across the full tournament.
• Selected by Atlantic Lottery Corporation and British Columbia Lottery Corporation as the sportsbook provider for a new multi‑province Canadian sportsbook.
• Partnered with Pure Casino Entertainment in the Canadian province of Alberta ahead of the regulated market opening on 13 July.
• Signed multi-year Odds Feed+ partnership with RETABET Group and expanded our partnership with 4 Bears Casino & Lodge to include our player account management platform.

Werner Becher, CEO of Kambi Group, said: “Q2 marked another strong period of progress for Kambi, both in terms of financial delivery and in demonstrating the ongoing momentum we are building as a business. We delivered a positive financial performance during the quarter, with strong revenue growth to €45.9m and double the adjusted EBITA (acq) to €7.6m, despite credits related to operational issues in April. This growth was supported by a record quarterly operator trading margin of 14.0 per cent, continued commercial momentum and disciplined cost control through our ongoing efficiency programme. Our Q2 performance, following on from a good Q1, puts us in a strong position for the rest of the year; today we have increased our full-year outlook with an expected adjusted EBITA (acq) of €23 – 27m for 2026.

“The quarter was shaped by the FIFA World Cup, where Kambi delivered a leading product throughout the tournament, with 78 matches taking place in Q2. While some of the kick-off times were less favourable for many European sportsbooks, Kambi’s broad Americas partner base helped to support turnover, highlighting again the value of our global network. Our partners in the Americas generated 57 per cent of global network turnover, compared to 38 per cent of the turnover of the 2022 FIFA World Cup.

“This was Kambi’s first FIFA World Cup to be fully traded by AI, representing an important milestone in the evolution of our cutting-edge sportsbook technology. Our performance was also validated externally, with third-party benchmarking from Bettormetrics showing Kambi as a leader across live betting KPIs, including high market availability. This translated into a smoother and more engaging experience for end users, while we also delivered greater combinability through an enhanced Bet Builder, particularly across player props markets. Even though this year’s FIFA World Cup provided more teams, more games and more betting opportunities, Kambi’s automated systems enabled us to deliver a market-leading product at greater efficiency than in 2022.

“Commercially, we continue to execute on our long-term plan and diversify our partner network. We expanded our reach in the Americas through a new partnership and launch with Canadian Bank Note Company, as well as a new agreement in Alberta with Pure Casino Entertainment. These developments build on the landmark agreement announced in our last quarterly report to power a multi-province Canadian sportsbook solution for Atlantic Lottery Corporation and British Columbia Lottery Corporation. We also extended our Turnkey Sportsbook partnerships with BetWarrior and Desert Diamond Casinos, further strengthening relationships with existing partners.

“While there remains work to do, the first half of 2026 has demonstrated we have now turned a corner and returned to growth. This improved performance is driven by the development of our market-leading product, commercial progress and the ongoing transition to an AI-first organisation. As we increase our estimated 2026 adjusted EBITA (acq), our focus now is on sustaining this momentum and translating it into long-term value for our partners and shareholders.”