Malta-headquartered provider of B2B sports betting services Kambi Group plc posted today information about its financial performance for the fourth quarter of 2015 as well as for the whole calendar year. Revenue for the three months ended December 31, 2015 amounted to €14.2 million, up 53% from the €9.3 million reported for the same period a year ago. Full-year revenue increased 32% to reach €47.7 million.
Quarterly operating profit amounted to €3.3 million and operating margin was 23%. The amount of €0.6 million was posted for the same period a year ago. Full-year operating profit totaled €7.4 million compared to €2.2 million in 2014. Operating margin was 16% in 2015.
Kambi also reported profit after tax of €2.9 million for the three months ended December 31, 2015. Annual profit after tax amounted to €6.2 million, up from the €1 million generated in 2014.
The provider of sports betting solutions said that its organic growth accelerated in the fourth quarter of the year and resulted in the company’s strongest three months since its launch. Kambi, in fact, posted its highest quarterly operating margin and revenue. CEO Kristian Nylén commented on his company’s performance, saying that it is indicative of the quality of its services, the success of the operators it has been working with, and the entertainment value its product offers gambling customers.
Mr. Nylén further added that they have started rolling out their new HTML5 client, thus offering their partners “increased flexibility and innovation in the user interface.” The transition is expected to be completed before the beginning of Euro 2016.
Last month, Kambi inked strategic agreements with gambling operators LeoVegas Gaming Ltd. and The Rank Group plc. Under their terms, the Malta-based company would provide its new customers with its managed sportsbook solution. Thus, the two operators will be introduced to the highly competitive sports betting market.
LeoVegas is a gaming group focused on the provision of mobile casino games to its gambling customers. As for The Rank Group, its is a London-based and FTSE 250-listed online gambling company. Both operators are expected to go live with Kambi’s sportsbook before the beginning of Euro 2016, set to start in June 2016.
Commenting on the two agreements, Mr. Nylén said that they see great potential for their new partners and Kambi itself and that they look forward to contributing to both LeoVegas and The Rank Group’s success.
