Kambi Group Plc Q4 Report 2026

"I'm happy to report another strong quarter for Kambi, which settle a year in which annual profits grew by more than 20% and operator turnover by more than a 3rd. Reflecting on 2019, it was another fantastic year for Kambi, as we continued to build out a great sports wagering product, broadened into several new markets, and signed six brand-new partners, all of which leaves us in a terrific location for 2020.


In the previous report, I highlighted the momentum we might see structure in operator turnover, and this pattern continued in Q4 with every month providing a higher number than the last. In overall, 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 stemmed from our US partners, we also saw double-digit turnover development in markets beyond the US, all of which added to strong profits development of 23%.


While the year was pleasing for lots of factors, 2019 ended with news our partner DraftKings had participated in an agreement to acquire its own sports wagering technology and for that reason will no longer be reliant on Kambi. Our profits from DraftKings are likely to be untouched throughout 2020. I stay of the view that DraftKings' long-term potential customers would be better served with Kambi however also that this will increase the appeal of Kambi to an even greater level. We stay strongly dedicated to the US, where we have a varied network of partners which have fantastic potential for growth, particularly as more states regulate.


We continue to prove that we are the sports wagering partner operators can trust to provide. In Q4, we introduced in seven casinos and a variety of online sportsbooks across several jurisdictions. I'm especially happy we were able to launch with our very first US lotto, when going reside in New Hampshire with DraftKings in December.