Kambi Group, the renowned provider of sports betting services to licensed online gambling operators, reported €28.1m in revenue for Q3 2020. This means a 22% increase from €23m for the same period in 2019.
Under Kambi’s umbrella are, among others, leading sportsbooks like Unibet, 888sport and Mr Green. The Group’s operating profit was €6.5m compared to €3.4m last year. Profit after tax amounted to €5.1m for the third quarter of 2020 and €6.8m for the period January to September 2020.
In an official statement the company claimed that the: “Momentum gained late in Q2 carried through to Q3, with Kambi posting record quarterly revenue of €28.1m. Operator turnover was also up significantly to an all-time high, rising 62% year-on-year. The gradual return of sports drove greater volumes throughout the period, particularly during September, which produced 43% of the operator turnover for the quarter. This positive trend has continued into the start of Q4.”
The positive financial progress of Q3 2020 is likely to be continued into Q4 as well, enhancing the company's position in the betting industry.
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