Swedish sports betting solutions provider Kambi Group saw revenue jump by nearly 30 per cent and operating profit more than double in the second quarter of 2016.
Revenue in the period totalled €13.7m, up 28 per cent from €10.7m in Q2 2015, while operating profit (EBIT) for the second quarter was €2m, up from €0.8m a year prior. Profit after tax was €1.8m, up from €0.5m in 2015.
“Euro 2016 was a great success for Kambi both financially and operationally,” Kristian Nylén, CEO of Kambi, said in a statement.
“Our operators saw a remarkable increase in turnover. We delivered exciting new features as part of our fantastic offering with excellent technical performance.
“During the quarter we worked together with our three new operators [LeoVegas, Rank Group and Mr Green] to launch their sportsbooks in time for Euro 2016 and we look forward to being an instrumental part of their future success.
“We have also seen successful implementation of our HTML5 client, which will enable substantial possibilities for differentiation between our operators’ front-end user interfaces,” said Nylén.
“Investment in people and technology will continue as we work on building our service and network of operators to drive growth,” said Nylén. “We are very well positioned as the premier supplier of managed sports betting services.”
