Corporate leadership at B2B sportsbook platform Kambi has cited past and ongoing challenges as the firm confirms a stable financial performance for 2024.
Kambi disclosed revenue of €176.4m [$190.5m] at the end of 2024, a marginal increase of 1.75% on the year prior – though still its highest ever revenue recorded to date. The firm has also seen an increase in profit, which like revenue rose slightly from €14.9m to €15.4m while EBITDA was up to €25.2m from €23.3m.
The results essentially confirm a short-term outlook statement released by the firm earlier this year, in which it said that the departure of key clients like Swedish betting giants Kindred and LeoVegas were hurdles to overcome.
