Kambi announces source code acquisition amid ‘disciplined’ financial performance
Kambi Group has shared ‘disciplined’ financial performance and source code acquisition in its annual report.
In its quarterly earnings report, turnkey sportsbook provider Kambi shared decreased revenue and expenses amidst a difficult season, thanks to the impact of gaming-related taxes and an overall quiet sporting calendar. The company appears to be focused on consolidating for the future, with a focus on new partnerships and the acquisition of source code for a player account management (PAM) platform.
The budding platform will allow operators to control all aspects of player management, including customer personalization, promotional tools, and payments. Kambi wants to focus its use of PAM on turnkey sportsbook operations in Nevada, with potential to move into other markets down the line.
In what he calls “a clear reflection of the commercial progress we are making,” Kambi Group CEO Werner Becher highlighted deals made with seven turnkey sportsbook partners, three Odds Feed+ deals, and two partner renewals. These partnerships are with those in the US and Europe, a clear geographical focus for the company moving forward.
Kambi’s financial performance described as ‘disciplined’
“Our Q3 financial performance was disciplined in a period impacted by a quieter sporting calendar, which last year included the Euros, Copa América and the Olympics, and the ongoing increased impact of gaming-related taxes,” said Becher.
In real terms, the third quarter’s revenue reached €37.4 million, a decrease of 8% year-on-year, while total expenses also dropped by 10.3%. Kambi is still operating at a profit, with it reporting €1.6m in operating profit for the third quarter of 2025 at a margin of 4.3%. Kambi now estimates a full-year adjusted EBITA of around €17 million.
“With the busy sporting calendar upon us, we continue to focus on delivering an unbeatable product and service to our partners while building the foundations for long-term growth,” concluded Becher. “The recent commercial wins, ongoing improvements to our market-leading product, the opportunities that the PAM will create, as well as the continued progress of our efficiency programme are, together, evidence of the positive momentum we are building.”
Featured image: Kambi Group
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