{"id":3453,"date":"2022-10-26T05:48:00","date_gmt":"2022-10-26T04:48:00","guid":{"rendered":"https:\/\/staging.kambi.com\/investors\/news-pr\/kambi-group-plc-q3-report-2022\/"},"modified":"2022-10-26T05:48:00","modified_gmt":"2022-10-26T04:48:00","slug":"kambi-group-plc-q3-report-2022","status":"publish","type":"press_release","link":"https:\/\/www.kambi.com\/pt-br\/investors\/news-pr\/kambi-group-plc-q3-report-2022\/","title":{"rendered":"Kambi Group plc Q3 Report 2022"},"content":{"rendered":"<div class=\"mfn-body\">\n<p>Financial summary<\/p>\n<ul>\n<li>Revenue amounted to \u20ac36.7 (Q3 2021: 41.6) million for the third quarter of 2022 and \u20ac108.2 (2021: 127.5) million for the period January to September of 2022<\/li>\n<\/ul>\n<ul>\n<li>Operating profit (EBIT) for the third quarter of 2022 was \u20ac3.9 (14.7) million, at a margin of 10.6% (35.4%), and \u20ac16.1 (50.0) million, at a margin of 14.9% (39.2%) for the period January to September of 2022<\/li>\n<\/ul>\n<ul>\n<li>Earnings per share for the third quarter of 2022 were \u20ac0.084 (0.384) and \u20ac0.370 (1.302) for the period January to September of 2022<\/li>\n<\/ul>\n<ul>\n<li>Cash flow (excluding working capital and M&amp;A) amounted to \u20ac1.8 (11.9) million for the third quarter of 2022 and \u20ac7.3 (39.8) million for the period January and September of 2022<\/li>\n<\/ul>\n<p><\/p>\n<p>Key Q3 highlights<\/p>\n<ul>\n<li>Operator turnover increased by 12%, driven by new partner signings and market launches<\/li>\n<\/ul>\n<ul>\n<li>Expanded the partner network in the Americas with four new signings of ilani, Mohegan, Oaklawn Racing Casino Resort and Ondiss<\/li>\n<\/ul>\n<ul>\n<li>Acquired front end specialist Shape Games, a profitable and fast-growing business that will provide Kambi with market-leading native front end technology<\/li>\n<\/ul>\n<p><\/p>\n<p>Highlights after Q3<\/p>\n<ul>\n<li>Partnered with Great Canadian Entertainment, a leading on-property gaming and entertainment company owned by an affiliate of Apollo Global Management<\/li>\n<\/ul>\n<ul>\n<li>Signed agreement with PENN Entertainment that provides for ongoing revenue share payments during the transition period and $27.5 million in early termination and transition fees<\/li>\n<\/ul>\n<hr\/>\n<p><em>\u201cThe third quarter is always the most challenging for the sports betting industry given the quiet sporting calendar and this year was no exception. It was also a quarter marked by growing global economic uncertainty and higher cost of living, trends which show little sign of subsiding any time soon. Despite this, Kambi proved its resilience once more and I am pleased to report another busy quarter for the business with operator turnover growth of 12%.<\/em><\/p>\n<p><em>Kambi also saw great commercial momentum during the quarter with the signings of ilani, Mohegan, Oaklawn and Ondiss, and with the recent signing of Great Canadian Entertainment, one of Canada\u2019s largest on-property gaming companies, Kambi\u2019s partner network was significantly strengthened. Owned by Apollo Global Management, which holds a number of gaming assets, Great Canadian has the potential to become a major player in the Canadian sportsbook market and its selection of Kambi underlines our position as the partner of choice in the Americas.<\/em><\/p>\n<p><em>Our UX capability was also enhanced during the quarter with our acquisition of front end specialists Shape Games. This is a landmark deal for Kambi for many reasons. Crucially, it gives us the fully-fledged, native front end capability at a time when the front end experience is a more vital part of the sports betting value chain than ever before. Having worked closely with Shape Games on various projects in recent years, I have seen first-hand the strength of their technology and the level of expertise they possess, and I am pleased to welcome such a profitable and rapidly growing business to the Kambi Group. The acquisition will not only complement our turnkey solution but it also aligns with our modularisation strategy with the front end module set to be sold as a standalone service outside of the existing network, thereby increasing our total addressable market.<\/em><\/p>\n<p><em>We continue to make great strides towards executing our modularisation strategy and can reveal that our award-winning Bet Builder, which recently launched for NBA, the final major US team sport to be added to the product, has been identified as the first standalone module we\u2019ll go to market with. Unlike our key competitors, Kambi\u2019s Bet Builder was created as part of the core sportsbook, thereby benefitting from our expertise in areas such as competitive pricing, unique user experience and risk management, creating a compelling product for operators to integrate.<\/em><\/p>\n<p><em>Our future is looking promising, operating from a strong position as we enter an economic recession which, while it will no doubt present challenges, may prove positive for B2B businesses such as Kambi in the long term. When also taking into consideration the recent start of the US basketball season and a World Cup still to come, we look forward to ending 2022 on a high before embarking on an exciting 2023.\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:\/\/financialhearings.com\/event\/43500\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/financialhearings.com\/event\/43500<\/a><\/p>\n<p>Numbers for participation in the telephone conference:<\/p>\n<p>SE: + 46 8 505 163 86<\/p>\n<p>UK: + 44 20 3198 4884<\/p>\n<p>US: + 1 412 317 6300<\/p>\n<p>PIN Code: 1608114#<\/p>\n<p>Link to the webcast: <a href=\"https:\/\/ir.financialhearings.com\/kambi-group-q3-2022\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/ir.financialhearings.com\/kambi-group-q3-2022<\/a><br \/>Link to report page: <a href=\"https:\/\/www.kambi.com\/investors\/financial-reports-and-presentations\/quarterly-reports\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/www.kambi.com\/investors\/financial-reports-and-presentations\/quarterly-reports<\/a><\/p>\n<hr\/>\n<p>Kambi Group plc contacts:<\/p>\n<p>Kristian Nyl\u00e9n, Chief Executive Officer<\/p>\n<p>David Kenyon, Chief Financial Officer<\/p>\n<p>Mia Nordlander, SVP Investor Relations<\/p>\n<p>Chris Stutzman, Investor Relations Analyst<\/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<br \/><a target=\"_blank\" href=\"mailto:Mia.Nordlander@kambi.com\" rel=\"nofollow noopener\">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\" target=\"_blank\" rel=\"nofollow noopener\">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, Corredor Empresarial, Kindred Group, LeoVegas, Mohegan Gaming &amp; Entertainment and Rush Street Interactive. Kambi employs more than 1,100 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 2022-10-26 07:48 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\/f603b865-096e-45cd-8090-f9a7599e70c8\/kambi-group-plc-q3-report-2022.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Kambi Group Plc Q3 Report 2022<\/a><\/p>\n<\/div>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"wpcf-remoteid":"0b153496-4a6f-4a33-8433-654c05a5d72f","wpcf-regulated":"1","wpcf-isfinancial":"0","wpcf-publishedyear":"2022","wpcf-published":"1666763280","banc-mfn-type":"ir","banc-mfn-lang":"en"},"press_release_type":[262,258,261,272,54,58],"class_list":["post-3453","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 Q3 Report 2022 - 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-q3-report-2022\/\" \/>\n<meta property=\"og:locale\" content=\"pt_BR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kambi Group plc Q3 Report 2022 - Kambi\" \/>\n<meta property=\"og:description\" content=\"Financial summary Revenue amounted to \u20ac36.7 (Q3 2021: 41.6) million for the third quarter of 2022 and \u20ac108.2 (2021: 127.5) million for the period January to September of 2022 Operating profit (EBIT) for the third quarter of 2022 was \u20ac3.9 (14.7) million, at a margin of 10.6% (35.4%), and \u20ac16.1 (50.0) million, at a margin [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q3-report-2022\/\" \/>\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-q3-report-2022\\\/\",\"url\":\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/kambi-group-plc-q3-report-2022\\\/\",\"name\":\"Kambi Group plc Q3 Report 2022 - Kambi\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kambi.com\\\/#website\"},\"datePublished\":\"2022-10-26T04:48:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/kambi-group-plc-q3-report-2022\\\/#breadcrumb\"},\"inLanguage\":\"pt-BR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/kambi-group-plc-q3-report-2022\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kambi.com\\\/investors\\\/news-pr\\\/kambi-group-plc-q3-report-2022\\\/#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 Q3 Report 2022\"}]},{\"@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 Q3 Report 2022 - 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-q3-report-2022\/","og_locale":"pt_BR","og_type":"article","og_title":"Kambi Group plc Q3 Report 2022 - Kambi","og_description":"Financial summary Revenue amounted to \u20ac36.7 (Q3 2021: 41.6) million for the third quarter of 2022 and \u20ac108.2 (2021: 127.5) million for the period January to September of 2022 Operating profit (EBIT) for the third quarter of 2022 was \u20ac3.9 (14.7) million, at a margin of 10.6% (35.4%), and \u20ac16.1 (50.0) million, at a margin [&hellip;]","og_url":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q3-report-2022\/","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-q3-report-2022\/","url":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q3-report-2022\/","name":"Kambi Group plc Q3 Report 2022 - Kambi","isPartOf":{"@id":"https:\/\/www.kambi.com\/#website"},"datePublished":"2022-10-26T04:48:00+00:00","breadcrumb":{"@id":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q3-report-2022\/#breadcrumb"},"inLanguage":"pt-BR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q3-report-2022\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.kambi.com\/investors\/news-pr\/kambi-group-plc-q3-report-2022\/#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 Q3 Report 2022"}]},{"@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\/3453","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=3453"}],"wp:term":[{"taxonomy":"press_release_type","embeddable":true,"href":"https:\/\/www.kambi.com\/pt-br\/wp-json\/wp\/v2\/press_release_type?post=3453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}