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Kambi is Hurt from Players’ Winnings

8 Apr 2017

KambiThe first quarter of the year 2017 has not been really friendly to Kambi, due to the many player-friendly outcomes in football matches especially. The governance of Stockholm Nasdaq-listed Kambi Group Plc updated the market, stating that its Q1 2017 operating margin has been impacted by those outcomes in a huge way and especially from the outcomes of the 26th of February.

How Did it Go Wrong?

On this day, eleven highly backed favourites won their respective football matches. Moreover, a large number of bets were accumulators, containing those matches, as the platform provider told at their update to the market.

Kambi expects to have a sportsbook revenue of 5.9%, or in real money and this means €14.2 million for the first quarter 2017, which is significantly lower than expected and for sure lower that the equivalent quarters of the previous years. The firm is going to publish its full first quarter of 2017 results on the 26th of April and this is when it is going to be known if the major stakeholders have been impacted from this situation.

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