Kambi Group is targeting 2027 revenue two or three times its FY2022 levels as part of its wider strategic vision. Ahead of the company’s Capital Markets Day announcements, it also said it is aiming for 2027 EBIT in excess of €150bn.
The above targets have been based on various assumptions, including the regulation of sports betting in certain key markets, continued partner retention and acquisition and the successful execution of its product strategy.
In addition, Kambi estimates a potential increase in its global addressable market to approximately €50 billion GGR by 2027.
In connection with the new long-term financial targets, Kambi Group’s Board of Directors also intends to formulate the company’s future equity programs around performance criteria in accordance with the financial targets.
Kristian Nylén, Kambi CEO and co-founder commented: “Kambi is well established as the market leading B2B sportsbook with a product only few operators can compete with.”
“As we look to push product boundaries even further and deliver high-quality modular services, we are in a strong position to evolve our business model and capitalise on the growing revenue opportunity of an expanding global sports betting market.”
Source: GMB
