The Americas proved to be the company’s most reliable revenue stream contributing just over 60% (€25.9m) of the total figure, while Europe pulled in just under 40% (€17.3m) of revenue in the first quarter of 2021.
2021 saw Kambi sign deals worldwide, ranging from a long term partnership with Racing and Wagering Western Australia, to an agreement with Casino Magic which saw the debut of a new sportsbook in Argentina, as well as an extended partnership with Napoleon Sports & Casino.
Kambi is now also live in 14 US states, with Michigan and Pennsylvania in particular gaining major traction.
Kambi CEO Kristian Nylén said: “I’m pleased to report the exceptional performance we produced during the latter part of last year has continued into 2021, with significant growth across a range of KPIs including operator turnover, revenue and operating margin.”
“This strong performance was driven by a busy sporting calendar, including the end of the NFL season and the March Madness college basketball tournament, and more than compensated for the planned migration of a large proportion of 888’s business off the Kambi sportsbook in January,” he added.
Profit after tax amounted to €15.1m compared to €4.8m this time last year – a substantial 216% increase, thanks in part to a full schedule of sport after suspensions affected the comparative quarter.
Looking forward, the company said major sporting events present massive opportunities: the MLB season will reach completion, tennis sees the return of Wimbledon and the French Open, football has Euro 2020 and the Copa America on the horizon, and NBA and NHL have finals coming up in Q2.
Nylén concluded: “As always, our partners will have a first class offering across all sports and competitions, and as sports fans we have a lot to look forward to.”
Source: iGB
