Kambi Group Plc Q4 Report 2026
"I'm happy to report another strong quarter for Kambi, which settle a year in which annual incomes grew by more than 20% and operator turnover by more than a 3rd. Reviewing 2019, it was another terrific year for Kambi, as we continued to develop out a great sports wagering item, broadened into multiple new markets, and signed 6 new partners, all of which leaves us in an excellent location for 2020.
In the previous report, I highlighted the momentum we might see structure in operator turnover, and this trend continued in Q4 with monthly providing a higher number than the last. In total, Q4 operator turnover increased by 52% year-on-year and 36% sequentially - considerably higher volumes than Kambi has ever seen. While much of this growth was originated from our US partners, we likewise saw double-digit turnover growth in markets outside of the US, all of which added to strong income growth of 23%.
While the year was pleasing for lots of reasons, 2019 ended with news our partner DraftKings had gotten in into an agreement to acquire its own sports betting innovation and for that reason will no longer be reliant on Kambi. Our incomes from DraftKings are most likely to be untouched throughout 2020. I stay of the view that DraftKings' long-lasting potential customers would be better served with Kambi but also that this will increase the appeal of Kambi to an even higher level. We remain securely devoted to the US, where we have a varied network of partners which have great potential for growth, especially as more states manage.
We continue to show that we are the sports betting partner operators can depend deliver. In Q4, we introduced in seven gambling establishments and a variety of online sportsbooks throughout several jurisdictions. I'm particularly proud we were able to introduce with our very first US lottery game, when going reside in New Hampshire with DraftKings in December. I was likewise pleased to make our retail debut in South Africa when we released the Kambi Sportsbook inside the Sun International-owned Grand West Casino in Cape Town.
I've spoken previously about the strengths of Kambi's retail item and our ability to roll out at speed. These possessions were both on display during Q4 when we successfully signed a new client in Seneca Gaming Corporation and consequently launched in its 3 New york city gambling establishment homes within a matter of weeks. Seneca is a fantastic customer signing for us. Not only is it an organisation which shares our worths of trust and collaboration, but the truth it is owned by one of the most respected US Native American people guarantees it is a collaboration that will resonate within the tribal community across the country.
The evolving nature of the sports wagering industry suggests there will always be difficulties to get rid of however I understand we have actually developed a robust service with the ability and strength to stand up to these pressures. We operate in a fast-growing market, one which continues to welcome guideline and will for that reason provide Kambi and our partners with amazing opportunities for numerous years to come. Remain in no doubt Kambi is well placed both in the US and globally and I eagerly anticipate a flourishing 2020."
About Kambi
Kambi is a company of premium sports wagering services to licensed B2C gaming operators. Kambi Group plc is listed on First Market at Nasdaq Stockholm. Our services incorporate a broad offering from front-end interface through to odds assembling, consumer intelligence and danger management, built on an internal industrialized software platform. Kambi's 20-plus customers include 888 Holdings, ATG, DraftKings, Greenwood Gaming & Entertainment, Kindred Group, LeoVegas, Mohegan Gaming & Entertainment, Penn National Gaming, Rank Group and Rush Street Interactive. Kambi employs more than 850 personnel throughout offices in Malta (head office), Australia, Romania, the UK, Philippines, Sweden, Australia and the United States.
Kambi makes use of a best of type security approach and is ISO 27001 and eCOGRA licensed. Kambi Group plc is listed on First North Growth Market at Nasdaq Stockholm under the sign "KAMBI". The Company's Certified Advisor is Redeye AB.