Kambi has its 2027 financial targets in its sights after recording a strong close to 2022 trading, reporting its highest ever full-year revenues, albeit with a reduced profit margin due to heavier expenses.
The firm ended 2022 with revenue up 2% to €166m (€162.4m), lauded as an ‘all-time high’ figure, driven by a record number of new partner signings, but an increase in administrative costs by 20% to €132.6m (€106.7m) bit into profit and EBITDA.
Profit from operations for the full year stood at €34.8m (€57m), a decline of 39%, whilst profit after tax fell 43% to €26.5m (€46.4m) and EBITDA dropped 20% from €79.2m to €63.4m.
Kambi observed that as well as admin expenses, acquisition costs relating to the €36.4m takeover of Shape Games also drove total group outflow.
