“The landmark signings of Svenska Spel and LiveScore Group are Kambi’s most important accomplice agreements with current sports activities betting income in our historical past and signify a serious step ahead in direction of our long-term strategic objectives”
Kristian Nylén, Kambi CEO and Co-founder
Monetary abstract
Income amounted to €42.1 (Q3 2022: 36.7) million for the third quarter of 2023 and €129.0 (2022: 108.2) million for the interval January to September of 2023. Income consists of sure non-recurring objects as defined within the report.
Working revenue (EBIT) for the third quarter of 2023 was €4.6 (3.9) million, at a margin of 11.0% (10.6%), and €12.8 (16.1) million, at a margin of 9.9% (14.9%) for the interval January to September of 2023
EBITA (acq)* for the third quarter of 2023 was €6.0 (4.2) million, at a margin of 14.1% (11.5%), and €16.7 (17.1) million, at a margin of 13.0% (15.8%), for the interval January to September of 2023
Money stream (excluding working capital and M&A) amounted to €6.1 (1.8) million for the third quarter of 2023 and €9.5 (7.3) million for the interval January to September of 2023
Earnings per share for the third quarter of 2023 had been €0.117 (0.084) and €0.306 (0.370) for the interval January to September of 2023
*EBITA (acq) = Earnings earlier than curiosity, taxation and amortisation on acquired intangible property
Key highlights
Underlying turnover progress of 9% when excluding the affect from Penn Leisure’s (Penn) on-line migration
Income progress of 15% year-on-year, boosted by sure non-recurring charges in relation to Penn and Form Video games. Please see additional particulars within the report.
Signed contract extensions with long-standing companions ATG and Rank Group which is able to proceed to leverage Kambi’s Full sportsbook
Entered right into a long-term sportsbook platform and entrance finish settlement with the main Swedish operator Svenska Spel, benefiting from its established buyer base and income streams
Signed a long-term sportsbook partnership with sports activities media and betting operator LiveScore Group to energy its established LiveScore Guess and Virgin Guess manufacturers, with a significant income affect anticipated from second half 2024
