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Kambi shares slump as revenue decline continues into Q3

26th October 2022 11:29 am GMT
Kambi

Stockholm-listed sportsbook supplier Kambi Group has reported a 78 per cent drop in net profit to €2.6m for the third quarter of 2022 amid an ongoing fall in revenue.

Third quarter revenue fell by 12 per cent year-on-year to €36.7m, which the company attributed to a quiet sporting calendar, particularly in the United States.

The Americas contributed 53 per cent of gross gaming revenue (GGR) during the period, up from a 45 per cent share a year [...]

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