Income for the quarter reached €40.5m (£35.1m), reflecting an 11.5% lower from Q2 final yr. Nonetheless, when excluding transition charges acquired in Q2 2024, the decline was extra modest at 2%.
For the primary half of 2025, income totaled €81.9m (£70.9m), down 7.9% from the earlier yr; nevertheless, when transition charges are excluded, the precise enhance was 2.3%.
Underlying margins got here beneath some strain with adjusted EBITA at €3.7m (£3.2m) for the quarter, representing a 9.2% margin in comparison with 16.4% the earlier yr.
Working revenue for Q2 was €1.6m (£1.3m), down from €6.2m (£5.3m), and money movement stood at €1.3m (£1.1m) for the quarter.
Regardless of dealing with headwinds, equivalent to international trade shifts and regulatory adjustments in markets just like the Netherlands and Colombia, complete bills declined by 3.8%, reflecting Kambi’s ongoing value administration initiatives.
Partnership Development and Esports Momentum
Kambi continued to increase its footprint by securing vital business agreements through the quarter.
CEO Werner Becher highlighted these achievements, stating: “From a business perspective, we have been delighted to increase our partnership with LeoVegas Group by means of a brand new two-year Turnkey Sportsbook settlement… It’s encouraging to see our product portfolio evolving in ways in which now allow us to retain companions by means of our extra intensive product providing.”
Operationally, Kambi additionally reported notable momentum in esports betting. He continued: “Our esports betting product, powered by our Abios division, can also be turning into an more and more vital a part of our product providing.
Esports through the Turnkey continues to develop in reputation and in Q2 was the fifth largest ‘sport’ throughout the worldwide community primarily based on turnover.”
The corporate’s Odds Feed+ product and esports capabilities are more and more positioned as key differentiators in a aggressive market.
Wanting forward, Becher pressured Kambi’s deal with companion worth, portfolio enlargement, and sustainable development regardless of business challenges. He stated: “Whereas the primary half of the yr performed out broadly as anticipated, I wish to reiterate that I’m not glad with the place we’re at at the moment, with my ambition for the enterprise being far better.
“Looking forward to the remainder of the yr, the exterior surroundings will proceed to pose challenges, however I stay optimistic that we will more and more ship worth for our companions, increase our companion community, strengthen our product portfolio and place the enterprise for long-term, sustainable development.”
Kambi’s Board additionally initiated its largest ever share buyback programme, totaling SEK 165 million (£12 million), additional underlining confidence within the firm’s long-term trajectory.
The corporate will host a Q2 outcomes presentation for analysts and buyers, led by CEO Werner Becher and CFO David Kenyon.
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