Kambi reported mixed financial results for Q1 2025, with revenue declining 4% year-on-year to €41.5m [$46.9m]. However, the sports betting technology provider highlighted that, when excluding €4.4m [$5.0m] in transition fees received in the same period last year, it actually saw a 7% revenue increase.
Profitability metrics showed significant pressure, with adjusted EBITA dropping to €2.3m [$2.6m] from €5.8m [$6.6m] a year earlier, resulting in a margin decrease from 13.3% to 5.6%.
Operating profit fell to €0.8m, representing just 2% of revenue compared to 10.2% in Q1 2024. Earnings per share declined to €0.027 from €0.107 in the prior-year quarter.
CEO Werner Becher said: “In Q1, we continued to build the foundations for long-term success, furthering our mission to develop a stronger, more resilient Kambi.
