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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.

Kambi Embraces for Further Upside Ahead

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 continue into Q4 as well, enhancing the company's position in the betting industry.

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Unibet needs no introduction, even for newbies, after 20+ years of experience in the betting industry. The brand provides exceptional services in strategically regulated markets, like Australia and Italy, licensed by MGA and UKGC, among other local permits. The massive range of 40+ sports, 250,000 yearly events, and 10,000 monthly ones secures several alternative options for their million bettors. The odds for high-profile leagues, like the English Premier League and the NBA, create an attractive Sportsbook alongside handy features like Live Streaming, Bet Builder, Request A Bet, and Cash Out. The Live Chat is available 24/7, and the website offers 15 languages. However, I have noticed that the in-play prices and the odds for secondary and lower-tier leagues have a downfall, while the absences of Partial/Auto Cash Out and Quick Bet services are notable. The winning limits are high, and the payment methods offer alternatives, but two significant drawbacks are the need for cryptocurrencies and a quicker response to E-mail requests. I also firmly believe that the app is one of the most modern in the industry. Overall, Unibet is a safe bookmaker, ideal for recreational bettors, with several valuable services for them.

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