Kambi Group has reported Q2 revenue of €42.9m (Q2 2022: €34.7m) and €86.9m (H1 2022: €71.5m) for the first half of 2023.
Operating profit (EBIT) for the second quarter of 2023 was €3.7m (€4.9m), at a margin of 8.6 per cent (14.1 per cent), and €8.2m (€12.2m), at a margin of 9.4 per cent (17.1 per cent) for the first half of 2023.
EBITA for the second quarter of 2023 was €5.0 (€5.2m), at a margin of 11.7 per cent (15.1 per cent), and €10.8 (€12.9m), at a margin of 12.4 per cent (18.1 per cent), for the first half of 2023.
The company stated: “The second quarter of the year was another encouraging period for Kambi as we made significant strategic progress towards executing our long-term growth strategy, including a tier-one partner signing, key partner renewals and the continued development of our AI trading capability.
"During the quarter we delivered strong revenue growth of 24 per cent year-on-year, driven by new customers, the addition of Shape Games and a high operator trading margin.
"Operator turnover growth of four per cent was not as strong as revenue, impacted by rising foreign exchange headwinds, the dampening effect of a high trading margin and Penn Entertainment’s year-on-year decline in US market share."
