Kambi Group posted €28.1m in revenue for Q3 2020

10 Nov 2020

kambi-imageKambi 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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No need for introduction for a brand like Unibet, a global power that has managed to take over the market with millions of active players. For 20+ years the bookmaker has been on a constant rising and it has reached many strategic regulated markets, like France, Italy and Australia among others. The Kambi sportsbook platform has always been a guaranteed solution, but that doesn’t mean that there are no negative points at the Scandi giant. I noticed that the last couple of years the odds took a slight downfall, especially in minor football leagues and N.American sports. There still are many complaints about the customer support, features like partial/auto Cashout and Quickbet should be added, while the winning limits seem ridiculous to my eyes. On the other hand, the odds on the top leagues are better than Bwin’s and equal to Bet365’s, while the wide range of sports, markets and payment methods are intriguing. I can’t ignore that Unibet is a safe and sound choice for a recreational player and it is fair to the brand, which has built a solid name throughout all these years.

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