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Kambi sees first quarter revenue climb 33 per cent

27th April 2016 8:05 am GMT
Kambi

Stockholm-listed sportsbook supplier Kambi has recorded a 33 per cent increase in first quarter revenue as a result of significantly higher sports betting turnover among its clients.

Operators utilising the Kambi platform saw their first quarter turnover climb by more than 50 per cent year-on-year, helping Kambi’s Q1 revenue to climb 33 per cent to €13.3m.

Operating profit for the period climbed 133 per cent to €1.95m, despite a 24 per cent increase in operating expenses to [...]

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