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Kambi reports strong full-year revenue growth despite a weak fourth quarter

11th February 2022 10:51 am GMT
Kambi

Stockholm-listed sports betting technology provider Kambi has reported a 38 per cent increase in revenue to €162.4m in 2021, helping net profit for the period nearly double to €46.4m.

The strong full year revenue growth came despite a 26 per cent drop in revenue during the final quarter of the year to €34.9m, with operator turnover declining after adjusting for the migration of 888 and DraftKings, and the impact of new regulations in the Netherlands.

“The momentum [...]

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