Sports betting technology provider Kambi has revealed that revenue fell by 13.1% to €37.4 million (US$42.9 million) in the third quarter of 2025. If transition fees from quarter three 2024 of €2.3 million (US$2.6 million) are excluded, revenue fell 8.1%.
Revenue from January to September totaled €119.3 million (US$137 million), showing a decline of 9.6%, but with transition fees from the same 2024 period of €11.2 million (US$12.9 million), revenues declined 1.2%.
Additionally, adjusted EBITDA reached €3.4 million (US$3.9 million) in quarter three, with a margin of 9%, while the margin for the January to September 2025 period overall was 7.9%.
Operating profit saw a margin of 4.3%, totaling €1.6 million (US$1.8 million), with January to September seeing a profit of €4 million (US$4.6 million).
