Kambi’s share price fell 8.5% to SEK110.10 [$10.33] after the company issued cautious guidance during its full-year 2024 financial results [Wednesday].
The B2B sportsbook supplier reported Q4 revenue of €44.5m [$46.6m], up 0.5% from the total recorded in the same period last year.
Full-year revenue reached €176.4m, up marginally from €173.3m in 2023. However, EBITA margins contracted, dropping to 16.0% in Q4 2024 from 19.2% the previous year.
Despite the challenges, Kambi CEO Werner Becher, highlighted several achievements during the quarter, including new partnerships across the company’s product portfolio and strategic market expansions.
This, he said, included Kambi securing a landmark Odds Feed+ partnership with Hard Rock Digital, launching operations in Brazil’s newly regulated market, and receiving licensing approval in Nevada.
