The Kambi Group Reports Q2 Revenues of €34.7 M for 2022
The Kambi Group, one of the leading B2B providers of gaming technology services, has reported revenues of €34.7 million for the second quarter of this year. This period also showed an Operating profit (EBIT) of €4.9 million, at a margin of 14.1%.
The figures from Kambi put a certain gloss on the actual revenue comparisons since DraftKings is no longer a client of the group. The loss of DraftKings, who accounted for around a quarter of the overall revenue for the Kambi Group, means the actual year-on-year figures for the group have seen a decline.
The report highlighted a rise in revenue of 16% in Q2 in the yearly comparison when the DraftKings figures were excluded. All the other comparisons were stronger in the second quarter year-on-year without the DraftKings revenue.
During the second quarter, Kambi entered the market in Ontario and has also agreed to a content deal with Mohegan Gaming & Entertainment.
In Q2, Kambi delivered another positive quarter with underlying growth remaining healthy and operator turnover up 16% when adjusting for the migration of DraftKings. This performance was achieved despite a quieter than usual sporting calendar, particularly with the soccer World Cup taking place later in the year, outside its usual Q2 starting slot. We also signed a partnership with Mohegan Gaming & Entertainment, launched in Canada and Mexico, and announced an extension to our contract with US multi-state operator betPARX, all while making significant strategic progress.
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