Kambi Group Plc Q4 Report 2026
"I'm happy to report another strong quarter for Kambi, which settle a year in which annual earnings grew by more than 20% and operator turnover by more than a 3rd. Looking back on 2019, it was another excellent year for Kambi, as we continued to construct out a wonderful sports betting product, broadened into numerous brand-new markets, and signed 6 new partners, all of which leaves us in an excellent location for 2020.
In the previous report, I highlighted the momentum we might see structure in operator turnover, and this pattern continued in Q4 with every month providing a higher number than the last. In total, Q4 operator turnover increased by 52% year-on-year and 36% sequentially - considerably higher volumes than Kambi has actually ever seen. While much of this development was derived from our US partners, we also saw double-digit turnover growth in markets beyond the US, all of which contributed to strong earnings development of 23%.
While the year was pleasing for many reasons, 2019 ended with news our partner DraftKings had actually participated in a contract to acquire its own sports wagering innovation and for that reason will no longer depend on Kambi. Our earnings from DraftKings are most likely to be unaffected throughout 2020. I remain of the view that DraftKings' long-lasting prospects would be much better served with Kambi but also that this will increase the appeal of Kambi to an even higher level. We remain securely dedicated to the US, where we have a varied network of partners which have wonderful capacity for growth, especially as more states regulate.
We continue to prove that we are the sports wagering partner operators can depend deliver. In Q4, we introduced in 7 casinos and a variety of online sportsbooks throughout several jurisdictions. I'm particularly happy we were able to introduce with our very first US lotto, when going reside in New Hampshire with DraftKings in December. I was also pleased to make our retail debut in South Africa when we introduced the Kambi Sportsbook inside the Sun International-owned Grand West Casino in Cape Town.
I've spoken formerly about the strengths of Kambi's retail product and our ability to present at speed. These assets were both on screen throughout Q4 when we effectively signed a brand-new client in Seneca Gaming Corporation and subsequently launched in its three New York gambling establishment residential or commercial properties within a matter of weeks. Seneca is an excellent customer signing for us. Not just is it an organisation which shares our worths of trust and partnership, but the truth it is owned by one of the most respected US Native American tribes ensures it is a partnership that will resonate within the tribal neighborhood across the country.
The progressing nature of the sports betting market implies there will always be challenges to conquer but I understand we have actually constructed a robust company with the ability and strength to endure these pressures. We operate in a fast-growing market, one which continues to welcome guideline and will for that reason provide Kambi and our partners with amazing opportunities for several years to come. Remain in no doubt Kambi is well positioned both in the US and internationally and I anticipate a prosperous 2020."
About Kambi
Kambi is a service provider of premium sports betting services to licensed B2C gaming operators. Kambi Group plc is noted on First North Growth Market at Nasdaq Stockholm. Our services encompass a broad offering from front-end user interface through to odds putting together, consumer intelligence and risk management, built on an in-house developed software application platform. Kambi's 20-plus consumers include 888 Holdings, ATG, DraftKings, Greenwood Gaming & Entertainment, Kindred Group, LeoVegas, Mohegan Gaming & Entertainment, Penn National Gaming, Rank Group and Rush Street Interactive. Kambi employs more than 850 staff throughout offices in Malta (head office), Australia, Romania, the UK, Philippines, Sweden, Australia and the United States.
Kambi uses a best of type security approach and is ISO 27001 and eCOGRA certified. Kambi Group plc is noted on First North Growth Market at under the symbol "KAMBI". The Company's Certified Advisor is Redeye AB.