Kambi Group plc is a leading technology provider for the esports betting industry. It has published its financial and operational results for the second quarter of the year.
Reflecting an 11.5% decrease from Q2 in 2024, revenue for the quarter reached €40.5 million or £35,1 million. Yet, the decline was more modest at 2% when excluding transition fees received in the second quarter of 2024.
Revenue totaled €81.9 million or £70.9 million, down 7.9% from the previous year for the first half of 2025. Nonetheless, the increase reached 2.3% when excluding transition fees.
Underlying margins came under some pressure. Adjusted EBITDA stood at €3.7 million or £3.2 million. This represents a 9.2% margin, down from 16.4% the previous year.
Operating profit for Q2 was €1.6 million or £1.3 million, down from €6.2 million or £5.3 million. Cash flow for the quarter stood at €1.3 million or £1.1 million.
Despite challenges like foreign exchange shifts and regulatory changes in markets such as the Netherlands and Colombia, Kambi reduced total expenses by 3.8%. This decline reflects the company’s ongoing cost management initiatives.
By securing significant commercial deals during the quarter, Kambi kept on expanding its footprint.
The company signed a two-year extension. It also secured a new Odds Feed+ deal with LeoVegas Group. In addition, it launched a Turnkey Sportsbook collaboration with RedCap, targeting the Latin American markets.
CEO Werner Becher highlighted these achievements, stating that from a commercial perspective, they were delighted to extend their partnership with LeoVegas Group through a new two-year Turnkey Sportsbook agreement… It is encouraging to see their product portfolio evolving in ways that now enable them to retain partners through their more extensive product offering.
Kambi also reported notable momentum in esports betting operationally. He continued that their esports betting product, powered by their Abios division, is also becoming an increasingly important part of their product offering.
