"Kambi CEO asserts that there are further actions to be taken and undertaken during a tough Q2"
Despite facing regulatory challenges in markets like the Netherlands and Colombia, Kambi Group PLC, a leading sports betting provider, reported a strong performance in Q2 2025. The company's revenue base stood at €40.5 million, representing an 11.5% year-over-year decline but only a 2% decline when excluding one-off transition fees from 2024.
In commercial terms, Kambi signed several significant deals. The company extended its Turnkey Sportsbook partnership with LeoVegas Group until the end of 2027, continuing to power brands including LeoVegas, BetMGM, and expekt. Additionally, Kambi secured a long-term partnership with RedCap, initially powering their brands in El Salvador and Panama. A retail agreement with DraftKings in Puerto Rico was also signed.
Kambi extended its partnership with JOI Gaming for its JACKS.NL brand and signed a new agreement with LeoVegas for Odds Feed+, Kambi's premium odds feed solution. The company is also engaged in advanced commercial discussions with a number of leading operators for continuous improvements to its product portfolio.
Operationally, Kambi demonstrated resilience through cost management, reducing total expenses by 3.8%. Despite adjusted EBITA of €3.7 million falling below the €4 million target and operating profit declining to €1.6 million, the company maintained its full-year guidance, indicating confidence in future growth opportunities.
Kambi's financial performance in Q2 2025 came in line with expectations, despite challenging year-on-year comparatives. The company's Odds Feed+ uses pricing sharpened by billions of transactions via its sportsbook every year, offering operators access to a library of fully-traded odds.
In the sports betting market, Kambi's financial performance in H2 2025 will be influenced by fluctuations in sporting results, new taxes, and shifts in the regulatory landscape. Over 80% of bets on Kambi's network during the Club World Cup came from Latin America, where Kambi delivered all-time high turnover in Q2.
Esports is now Kambi's fifth biggest sport by turnover, with significant growth expected in the next two years due to the launch of ebasketball and growing interest in traditional esports such as League of Legends and CS2. The Kambi Bet Builder, a high-margin, low-staking product, continues to lead the market.
Looking ahead, Kambi is closely monitoring local regulations to ensure it is as well prepared as possible for potential impacts. The company is optimistic about its future growth, particularly with the planned transition with the Ontario Lottery and Gaming Corporation (OLG) later in H2, which will provide a boost. Kambi is keeping consistent with its pre-existing EBITA (acq.) guidance for H2 2025.
- Kambi Group PLC, a leading technology-driven esports and sports betting operator, is engaged in advanced commercial discussions with multiple leading operators to improve its product portfolio.
- Despite regulatory challenges in the Netherlands and Colombia, Kambi Group PLC reported a strong performance in Q2 2025, with a revenue base of €40.5 million, and is optimistic about its future growth.
- Odds Feed+, Kambi's premium odds feed solution, uses pricing sharpened by billions of transactions via its sportsbook every year, offering operators access to a library of fully-traded odds.
- Kambi's network saw over 80% of bets during the Club World Cup come from Latin America, where Kambi delivered all-time high turnover in Q2.
- Esports is now Kambi's fifth biggest sport by turnover, with significant growth expected in the next two years due to the launch of ebasketball and growing interest in traditional esports such as League of Legends and CS2.
