Kambi Group has reported revenue of €57.8m, up from €34.9m last year, for the fourth quarter of 2022 and €166m, up from €162.4m, for the period January to December of 2022.
Operating profit for the fourth quarter of 2022 was €18.7m (€7.1m) at a margin of 32.3 per cent (20.2 per cent) and €34.8m (€57m) at a margin of 20.9 per cent (35.1 per cent) for the full year.
Revenue and operating profit, excluding a termination fee from PENN Entertainment of €12.6m, were €45.2m and €6m respectively for the fourth quarter of 2022 and €153.4m and €22.2m for the whole of 2022.
“The year finished with a flourish with the business delivering across several key areas, providing the perfect springboard into 2023," said CEO Kristian Nylén.
"Operator turnover continues to rise with Q4 turnover up 20 per cent year-on-year and 43 per cent sequentially, buoyed by a busy US sporting calendar.
"The soccer World Cup was also an important event for us during the period. Overall, player engagement was excellent with the World Cup final the highest turnover for a soccer game in Kambi’s history.
"However, the trade-off was a significant reduction in domestic soccer fixtures as top leagues took a mid-season break. A key World Cup highlight was the strength of our product, driven by our third-gen algorithmic trading capability."
