In earnings call, Kindred affirms commitment to U.S., but won’t break even there until at least 2026

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In earnings call, Kindred affirms commitment to U.S., but won’t break even there until at least 2026

Article brief provided by iGaming Business
  • Daniel O'Boyle, iGaming Business
October 31, 2022 5:46 PM
  • Daniel O'Boyle, iGaming Business
  • Malta
  • Igaming
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Kindred chief executive Henrik Tjärnström said the operator does not expect to break even in the US states where it is currently active until 2026, but that it would nonetheless remain committed to the market.

During an earnings call following Kindred’s Q3 results, Tjärnström offered an update on Kindred’s performance in the US market. Here, he said the business hoped to break even by 2026.

“We are now live in seven states,” he said. “We’re going to reduce that to six when we leave Iowa and then increase it again to seven with Washington.

“We have been in an investment position across our state footprint and it will take some time, a few years to achieve profitability.”