{"id":3383,"date":"2024-04-24T05:45:00","date_gmt":"2024-04-24T04:45:00","guid":{"rendered":"https:\/\/staging.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/"},"modified":"2024-04-24T05:45:00","modified_gmt":"2024-04-24T04:45:00","slug":"kambi-group-plc-q1-report-2024","status":"publish","type":"press_release","link":"https:\/\/www.kambi.com\/pt-br\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/","title":{"rendered":"Kambi Group plc Q1 Report 2024"},"content":{"rendered":"<div class=\"mfn-body\">\n<p><strong>Financial summary<\/strong><\/p>\n<ul>\n<li>Revenue amounted to \u20ac43.2 (Q1 2023: 44.0) million for the first quarter of 2024<\/li>\n<\/ul>\n<ul>\n<li>Operating profit (EBIT) for the first quarter of 2024 was \u20ac4.4 (4.5) million, at a margin of 10.2% (10.3%)<\/li>\n<\/ul>\n<ul>\n<li>EBITA (acq)* for the first quarter of 2024 was 5.8 (5.8) million, at a margin of 13.3% (13.1%)<\/li>\n<\/ul>\n<ul>\n<li>Cash flow (excluding working capital and M&amp;A) amounted to \u20ac5.4 (3.2) million for the first quarter of 2024<\/li>\n<\/ul>\n<ul>\n<li>Earnings per share for the first quarter of 2024 were \u20ac0.107 (0.107)<\/li>\n<\/ul>\n<ul>\n<li>The 2024 AGM will be held on 21 May 2024. The Board proposes that no dividend is paid out.<\/li>\n<\/ul>\n<p>*EBITA (acq) = Earnings before interest, taxation and amortisation on acquired intangible assets<\/p>\n<hr\/>\n<p><strong>Key highlights<\/strong><\/p>\n<ul>\n<li>AI trading division Tzeract to provide European operator kwiff with its market-leading Bet Builder product in first commercial partnership<\/li>\n<\/ul>\n<ul>\n<li>Extended retail sportsbook partnership with Penn Entertainment until 31 December 2025, replacing previous agreement which was set to end July 2024<\/li>\n<\/ul>\n<ul>\n<li>Launched LiveScore Group\u2019s Kambi-powered sportsbook in Nigeria, followed by a launch in the Netherlands after quarter end ahead of a wider rollout before Euro 2024<\/li>\n<\/ul>\n<ul>\n<li>Continued development of open platform and trading gateway with integration of Inspired Entertainment\u2019s virtual sports offering and preparation of external odds feeds provision<\/li>\n<\/ul>\n<ul>\n<li>Completed the third share buyback programme and announced a further share buyback programme running from 18 March to 20 May, up to a total of \u20ac4.0 million<\/li>\n<\/ul>\n<ul>\n<li>In January, Kambi\u2019s CEO and Co-founder Kristian Nyl\u00e9n notified the Board of his intention to step down from his current position once a successor is in place<\/li>\n<\/ul>\n<hr\/>\n<p><strong>CEO comment<\/strong><\/p>\n<p><em>\u201cFor the first quarter of the year we posted revenue of \u20ac43.2 million, which was in line with our expectations, while expenses were at the lower end of our guidance at \u20ac39.0 million.<\/em><\/p>\n<p><em>A key highlight of the quarter was the launch of LiveScore Group&#39;s new Kambi-powered sportsbook in Nigeria, followed swiftly by a launch in the Netherlands. LiveScore was a pivotal signing for Kambi in 2023 and these launches mark crucial milestones toward our long-term objectives. We look forward to additional launches in the near future, including in its core UK market, ahead of a busy summer of sports with Euro 2024 and Copa Am\u00e9rica both set to commence in June.<\/em><\/p>\n<p><em>The important signing of LiveScore, as well as other key 2023 partner signings, were partly dependent on us delivering on certain product requirements. As part of these product deliveries, we have been integrating external content into the Kambi platform, enabling operators to enhance their offerings and deliver even greater product differentiation. In Q1, for example, we integrated virtual sports, an important and complementary vertical to sports betting, while more recently we enlisted a third party to strengthen our horse racing product. With these deliveries we strengthen our flexible and high quality solution for partners.<\/em><\/p>\n<p><em>Having made great strides on opening up our platform to deliver on these partner requirements, we are now picking up the pace with modularisation. This sharpened focus means we are preparing to provide modular Kambi odds feeds to those operating on their own technology and outside of our network. This means operators can, via a single API integration, access our full suite of sports odds, including those powered by Tzeract and Abios, enabling them to select their desired mix of sports, events and product types from a single source. Our market research shows demand for such a flexible and powerful solution, with operators today having to integrate with multiple suppliers with varying degrees of quality.<\/em><\/p>\n<p><em>As part of our ongoing modularisation strategy, yesterday we announced Tzeract\u2019s first commercial agreement since launching as a standalone division. Partnering with kwiff to provide its leading Bet Builder product will enable Tzeract to demonstrate the quality of its product via an operator outside of the Kambi network for the first time, an important milestone in the division\u2019s progress.<\/em><\/p>\n<p><em>In summary, we have continued to build solid foundations for the future. Our commitment to pushing the boundaries of product excellence and innovation, as highlighted by the development of our modular odds feeds, is positioning Kambi as a leader in shaping the future of sports betting technology.\u201d<\/em><\/p>\n<hr\/>\n<p>You are invited to participate in a web presentation at 10.45 CEST with Kambi Group plc\u2019s CEO Kristian Nyl\u00e9n and CFO David Kenyon. The presentation will be held in English and can be accessed using the link below. After the presentation there will be the opportunity to ask questions.<\/p>\n<p>Please see details in the link below:<\/p>\n<p><a href=\"https:\/\/gbr01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Ffinancialhearings.com%2Fevent%2F49096&amp;data=05|02|Chris.Stutzman%40kambi.com|2896f5e83ce945e64b5708dc4f1131af|e3ec1ec4b9944e9e82e080234621871f|0|0|638472182472399530|Unknown|TWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D|0|||&amp;sdata=d2gXrSM4zidNjq0unlfb9UzZux3A4lGyAA60YZ6urnQ%3D&amp;reserved=0\" rel=\"noopener\" target=\"_blank\">https:\/\/financialhearings.com\/event\/49096<\/a><\/p>\n<p>Link to the webcast:<\/p>\n<p><a href=\"https:\/\/gbr01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fir.financialhearings.com%2Fkambi-group-q1-report-2024&amp;data=05|02|Chris.Stutzman%40kambi.com|2896f5e83ce945e64b5708dc4f1131af|e3ec1ec4b9944e9e82e080234621871f|0|0|638472182472364126|Unknown|TWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D|0|||&amp;sdata=SWcjp9iNVjAgdoG47X7CVzNCYUqf3imPMqkwAg1AJCY%3D&amp;reserved=0\" rel=\"noopener\" target=\"_blank\">https:\/\/ir.financialhearings.com\/kambi-group-q1-report-2024<\/a><\/p>\n<p>Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference ID to access the conference: <a href=\"https:\/\/gbr01.safelinks.protection.outlook.com\/?url=https%3A%2F%2Fconference.financialhearings.com%2Fteleconference%2F%3Fid%3D50049096&amp;data=05|02|Chris.Stutzman%40kambi.com|2896f5e83ce945e64b5708dc4f1131af|e3ec1ec4b9944e9e82e080234621871f|0|0|638472182472382787|Unknown|TWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D|0|||&amp;sdata=MTM3WU3XIY7sXQwV1qbzr%2FFoPyki6TswEZfMgtxAifs%3D&amp;reserved=0\" rel=\"noopener\" target=\"_blank\">https:\/\/conference.financialhearings.com\/teleconference\/?id=50049096<\/a><\/p>\n<p>Link to report page: <a href=\"https:\/\/www.kambi.com\/investors\/financial-reports-and-presentations\/\" rel=\"noopener\" target=\"_blank\">https:\/\/www.kambi.com\/investors\/financial-reports-and-presentations\/<\/a><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-contacts mfn-3bd1a7eea613\">\n<p><strong class=\"mfn-heading-1\">For further information, please contact:<\/strong><\/p>\n<hr\/>\n<p>Mia Nordlander<br \/>SVP Investor Relations &amp; Sustainability<br \/><a href=\"mailto:Mia.Nordlander@kambi.com\" rel=\"noopener\" target=\"_blank\">Mia.Nordlander@kambi.com<\/a><br \/>Mobile: +44 (0) 7850 910 933<br \/>Office: +44\u00a0203\u00a0318 6279<\/p>\n<p>Chris Stutzman<br \/>Investor Relations Analyst<br \/><a href=\"mailto:Chris.Stutzman@kambi.com\" rel=\"noopener\" target=\"_blank\">Chris.Stutzman@kambi.com<\/a><br \/>Office: +1 302 603 5137<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about mfn-69f15e07a220\">\n<p><strong class=\"mfn-heading-1\">About Kambi<\/strong><\/p>\n<hr\/>\n<p>Kambi is a provider of premium sports betting services to licensed B2C gaming operators. Our services encompass a broad offering from front end user interface through to odds compiling, customer intelligence and risk management, built on an in-house developed software platform. Kambi\u2019s 40-plus customers include ATG, Bally\u2019s Corporation, Corredor Empresarial, Kindred Group, LeoVegas, LiveScore, Rush Street Interactive and Svenska Spel. Kambi employs more than 1,000 staff across offices in Malta (headquarters), Australia, Denmark, Philippines, Romania, Sweden, the UK and the United States.<\/p>\n<p>Kambi utilises a best of breed security approach and is ISO 27001 and eCOGRA certified. Kambi Group plc is listed on Nasdaq First North Growth Market under the symbol &#34;KAMBI&#34;.<\/p>\n<p>The Company&#39;s Certified Advisor is Redeye AB.<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-regulatory mfn-regulatory-mar\">\n<p><em>This information is information that Kambi Group plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-04-24 07:45 CEST.<\/em><\/p>\n<\/div>\n<div class=\"mfn-footer mfn-attachment mfn-attachment-general\">\n<p><strong class=\"mfn-heading-1\">Attachments<\/strong><\/p>\n<hr\/>\n<p><a class=\"mfn-primary\" href=\"https:\/\/storage.mfn.se\/9d8d7721-0c1b-4e05-a63b-cd1ca70f4007\/kambi-group-plc-q1-2024-report.pdf\" rel=\"noopener\" target=\"_blank\">Kambi Group Plc Q1 2024 Report<\/a><\/p>\n<\/div>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"wpcf-remoteid":"bc466507-77de-44e1-a46b-d6f355fe9ae8","wpcf-regulated":"1","wpcf-isfinancial":"0","wpcf-publishedyear":"2024","wpcf-published":"1713937500","banc-mfn-type":"ir","banc-mfn-lang":"en"},"press_release_type":[262,258,261,269,54,58],"class_list":["post-3383","press_release","type-press_release","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kambi Group plc Q1 Report 2024 - Kambi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kambi Group plc Q1 Report 2024 - Kambi\" \/>\n<meta property=\"og:description\" content=\"Financial summary Revenue amounted to \u20ac43.2 (Q1 2023: 44.0) million for the first quarter of 2024 Operating profit (EBIT) for the first quarter of 2024 was \u20ac4.4 (4.5) million, at a margin of 10.2% (10.3%) EBITA (acq)* for the first quarter of 2024 was 5.8 (5.8) million, at a margin of 13.3% (13.1%) Cash flow [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"Kambi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. tempo de leitura\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/kambi-group-plc-q1-report-2024\\\/\",\"url\":\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/kambi-group-plc-q1-report-2024\\\/\",\"name\":\"Kambi Group plc Q1 Report 2024 - Kambi\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kambi.com\\\/#website\"},\"datePublished\":\"2024-04-24T04:45:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/kambi-group-plc-q1-report-2024\\\/#breadcrumb\"},\"inLanguage\":\"pt-BR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/kambi-group-plc-q1-report-2024\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/kambi-group-plc-q1-report-2024\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kambi.com\\\/pt-br\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Press Releases\",\"item\":\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Kambi Group plc Q1 Report 2024\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kambi.com\\\/#website\",\"url\":\"https:\\\/\\\/www.kambi.com\\\/\",\"name\":\"Kambi\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.kambi.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"pt-BR\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kambi Group plc Q1 Report 2024 - Kambi","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/","og_locale":"pt_BR","og_type":"article","og_title":"Kambi Group plc Q1 Report 2024 - Kambi","og_description":"Financial summary Revenue amounted to \u20ac43.2 (Q1 2023: 44.0) million for the first quarter of 2024 Operating profit (EBIT) for the first quarter of 2024 was \u20ac4.4 (4.5) million, at a margin of 10.2% (10.3%) EBITA (acq)* for the first quarter of 2024 was 5.8 (5.8) million, at a margin of 13.3% (13.1%) Cash flow [&hellip;]","og_url":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/","og_site_name":"Kambi","twitter_card":"summary_large_image","twitter_misc":{"Est. tempo de leitura":"5 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/","url":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/","name":"Kambi Group plc Q1 Report 2024 - Kambi","isPartOf":{"@id":"https:\/\/www.kambi.com\/#website"},"datePublished":"2024-04-24T04:45:00+00:00","breadcrumb":{"@id":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/#breadcrumb"},"inLanguage":"pt-BR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q1-report-2024\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.kambi.com\/pt-br\/"},{"@type":"ListItem","position":2,"name":"Press Releases","item":"https:\/\/www.kambi.com\/investors\/news-pr\/"},{"@type":"ListItem","position":3,"name":"Kambi Group plc Q1 Report 2024"}]},{"@type":"WebSite","@id":"https:\/\/www.kambi.com\/#website","url":"https:\/\/www.kambi.com\/","name":"Kambi","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.kambi.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"pt-BR"}]}},"_links":{"self":[{"href":"https:\/\/www.kambi.com\/pt-br\/wp-json\/wp\/v2\/press_release\/3383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kambi.com\/pt-br\/wp-json\/wp\/v2\/press_release"}],"about":[{"href":"https:\/\/www.kambi.com\/pt-br\/wp-json\/wp\/v2\/types\/press_release"}],"wp:attachment":[{"href":"https:\/\/www.kambi.com\/pt-br\/wp-json\/wp\/v2\/media?parent=3383"}],"wp:term":[{"taxonomy":"press_release_type","embeddable":true,"href":"https:\/\/www.kambi.com\/pt-br\/wp-json\/wp\/v2\/press_release_type?post=3383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}