Kambi Group reported a 23% year-on-year increase in Q3 revenue to €46 million ($53 million), boosted by the FIFA World Cup and greater use of AI trading technology.
Adjusted EBITA surged 161% to €7.9 million ($9.1 million) while operating profit more than tripled to €5.1 million ($5.9 million). The results represented the third consecutive quarter of year-on-year revenue and profit growth.
The growth was helped by the latter stages of the FIFA World Cup, with Kambi achieving its second-highest ever quarterly trading margin of 11.9%.
Overall operator turnover increased 3% year-on-year, supported by new launches and favorable currency movements.
This included a stronger Colombian peso, which contributed €1.7 million ($2 million) in additional revenue compared with the previous year.
