Kambi has released its fourth quarter and full-year earnings update, with quarterly revenue declining 3.9% year-on-year to €42.7 million (US$50.6 million), while full-year revenue was down 8.2% year-on-year to €162 million (US$192 million).
Adjusted EBITA for Q4 was €6.2 million (US$7.3 million), while for the full year, Kambi reported adjusted EBITA of €15.5 million (US$18.4 million).
Total expenses for Kambi in Q4 reached €37.9 million (US$44.9 million), down 1.7% year-on-year, with full-year expenses declining 2.9% to €151.8 million (US$180 million).
Additionally, operating profit in Q4 was 9.6%, reaching €4.1 million (US$4.9 million), while full-year operating costs were 5%, totaling €8.1 million (US$9.6 million).
