Kambi has reported full-year revenue of €162 million (US$187 million) for 2025, an 8.2% decrease on the previous year’s €176.4 million (US$204 million).
The sportsbook provider highlighted several challenges, including regulatory changes, higher taxation, and broader macroeconomic pressures.
Despite the falling topline, in its report the company pointed to improved momentum towards the end of the year, including a 16% year-on-year increase in adjusted EBITA in the fourth quarter. Kambi said its performance reflected both external pressures and ongoing strategic changes, including efforts to diversify its partner base.
The company also reported on its commercial activity, including several new turnkey sportsbook partners, such as LCKY Group and the Ontario Lottery and Gaming Corporation, and the expansion of its Odds Feed+ product through deals with operators such as Coolbet and FDJ United.
