Sweden · Delayed Price · Currency is SEK Kambi Group Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw revenue and profitability growth, driven by new contracts in Canada and France, strong AI-driven product performance, and disciplined cost control. Guidance remains unchanged despite new Colombian taxes, with new customer launches set to boost Q2 results.
Fiscal Year 2025
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Q4 2025 saw 16% adjusted EBITDA growth and strong operational momentum into 2026, with new partnerships, AI-driven trading surpassing 50% of bets, and a major Ontario Lottery launch. 2026 guidance targets EUR 20–25 million adjusted EBITAC, mid-single digit organic growth, and significant World Cup impact, despite regulatory and tax headwinds.
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Q3 saw 12 new agreements, strong cost control, and a proprietary PAM acquisition. Revenue and EBITDA declined year-over-year, with 2025 guidance cut to EUR 17 million due to Brazil, FX, and Ontario delays. Commercial momentum and cost efficiencies remain strong.
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Q2 revenue declined year-over-year due to tough comparatives and regulatory headwinds, but cost efficiencies improved margins. New deals in Europe and Latin America, a major share buyback, and eSports growth support long-term prospects, though full-year results are expected at the lower end of guidance.
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Q1 results met expectations, with new product launches and partner integrations driving growth. Revenue diversification, strong cash generation, and ongoing cost savings support a positive outlook, though FX volatility and regulatory changes remain key risks.
Fiscal Year 2024
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Q4 saw stable revenue and strong margins, with commercial momentum from new launches and partnerships. 2025 guidance anticipates EBITAC of €20-€25 million, supported by cost savings and AI-driven margin improvements, despite headwinds from customer migrations and regulatory changes.
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Q3 2024 delivered 16% revenue growth year-on-year (excluding one-offs), driven by new partner signings, strong operator turnover, and a high trading margin. A EUR 12 million share buyback was announced, and modular products like Odds Feed+ are expanding the addressable market.
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Q2 saw strong revenue and EBIT growth, driven by major football tournaments and new partner launches. Record operator trading margin and robust cash flow were achieved, with continued confidence in full-year guidance despite headwinds from reduced Penn fees and higher Swedish tax.