Stockholm-listed sports betting supplier Kambi has reported a 7 per cent increase in first quarter revenue to €14.2m, although net profit fell 39 per cent versus a year ago due to a run of unfavourable sporting results at the end of the quarter.

Kambi's 7 per cent revenue growth was driven by operator turnover growth of 27 per cent year-on-year, with the supplier affected by "an exceptionally low trading margin of 5.9 per cent" after marketing deductibles.

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