U.S. stocks rise on U.S.-Japan trade deal optimism; Tesla, Alphabet earnings due
Investing.com -- Kambi Group on Wednesday reported a difficult second quarter but maintained its full-year guidance, anticipating stronger performance in the second half of 2025.
The sports betting platform provider saw revenues decline 12% year-over-year to €40.5 million in Q2, slightly below consensus estimates of €41.1 million.
Excluding transition fees from the prior year, revenues were down just 2%. EBITA came in at €3.7 million, 10% below consensus expectations of €4.0 million.
Several factors contributed to the challenging quarter, including a quieter sports calendar without major events like the Euros or Copa America, regulatory changes including Netherlands deposit limits and various gaming tax hikes, Kindred market exits, and renewed contracts.
Despite these headwinds, Kambi maintained its full-year 2025 EBITA guidance of €20-25 million, suggesting more than 70% of earnings will come in the second half of the year.
The company also reiterated its total expenses forecast of €145-150 million, implying revenues between €165-170 million for the full year.
During the quarter, Kambi secured a two-year Turnkey extension and new Odds Feed+ agreement with existing customer LeoVegas.
The company also signed a new Turnkey agreement with RedCap in Latin America, initially covering Panama and El Salvador, as RedCap transitions from a competing supplier.
The company reported an operator turnover index decline of 5%, while operator margin increased by 1.2 percentage points to 11.5%. Kambi ended the quarter with a net cash position of €53 million.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.