{"id":3492,"date":"2021-10-27T05:45:00","date_gmt":"2021-10-27T04:45:00","guid":{"rendered":"https:\/\/staging.kambi.com\/investors\/news-pr\/kambi-group-plc-q3-report-2021\/"},"modified":"2021-10-27T05:45:00","modified_gmt":"2021-10-27T04:45:00","slug":"kambi-group-plc-q3-report-2021","status":"publish","type":"press_release","link":"https:\/\/www.kambi.com\/pt-br\/investors\/news-pr\/kambi-group-plc-q3-report-2021\/","title":{"rendered":"Kambi Group plc Q3 Report 2021"},"content":{"rendered":"<div class=\"mfn-body\">\n<p>Financial summary<\/p>\n<ul>\n<li>Revenue amounted to \u20ac41.6 (Q3 2020: 28.1) million for the third quarter of 2021 and \u20ac127.5 (2020: 70.8) million for the period January to September, an increase of 48% and 80% respectively<\/li>\n<\/ul>\n<ul>\n<li>Operating profit (EBIT) for the third quarter of 2021 was \u20ac14.7 (6.5) million, at a margin of 35.4% (23.3%), and \u20ac50.0 (10.0) million, at a margin of 39.2% (14.2%) for the period January to September<\/li>\n<\/ul>\n<ul>\n<li>Profit after tax amounted to \u20ac11.9 (5.1) million for the third quarter of 2021 and \u20ac40.3 (6.8) million for the period January to September<\/li>\n<\/ul>\n<ul>\n<li>Earnings per share for the third quarter of 2021 were \u20ac0.384 (0.164) and \u20ac1.302 (0.220) for the period January to September<\/li>\n<\/ul>\n<ul>\n<li>Cash flow from operating and investing activities (excluding working capital movements and acquisitions) amounted to \u20ac11.9 (6.9) million for the third quarter of 2021 and \u20ac39.9 (8.2) million for the period January to September<\/li>\n<\/ul>\n<p><\/p>\n<p>Key highlights<\/p>\n<ul>\n<li>Group revenue of \u20ac41.6 million, a 48% year-on-year increase, taking revenue for the first nine months of the year to \u20ac127.5 million, eclipsing the total for the whole of 2020<\/li>\n<\/ul>\n<ul>\n<li>Acquired esports data and odds provider Abios, strengthening Kambi\u2019s technology capability and transforming Kambi into a leading supplier of esports products and services<\/li>\n<\/ul>\n<ul>\n<li>Expanded partner network with signings of Island Luck in The Bahamas and BetCity in the Netherlands<\/li>\n<\/ul>\n<ul>\n<li>Continued expansion with on average one partner launch per week, including going live online on day one in Arizona, the 15th state in which Kambi has launched<\/li>\n<\/ul>\n<p><\/p>\n<p><em>\u201cI\u2019m pleased to report another excellent quarter for Kambi, with strong financial results against tough 2020 comparables, which is a testament to our robust business model and the hard work of our staff across the world. Kambi Q3 revenue was up 48% year-on-year, operating margin was once again strong at 35% and we continue to be highly cash generative. Excluding DraftKings, operator turnover was up 10% year-on-year, highlighting the underlying growth in the business.<\/em><\/p>\n<p><em>We had a strong start to the new NFL season, which kicked off on 9 September, with our platform outperforming the competition and our market-leading Bet Builder product engaging a large number of bettors and returning higher average operator trading margin. Furthermore, revenue in Q3 was boosted by our continued US expansion, including day one launches in Arizona, the 15th state in which Kambi has launched. In total, Kambi completed approximately one launch per week on average throughout the quarter.<\/em><\/p>\n<p><em>As we saw in Q3, M&amp;A remains an ongoing trend in this industry, with the number of transactions featuring sports betting and gaming assets on the rise due to a growing appetite to invest in companies with highly sought-after technology. This illustrates the inherent value in proven businesses and supports a strong belief in future growth prospects in regulated markets across the world.<\/em><\/p>\n<p><em>On the subject of M&amp;A, I was delighted to announce our acquisition of esports data and odds provider Abios during the quarter. We believe Abios is a great fit for Kambi, and its technology and expertise will enable us to create a first-class esports product that will diversify our revenue streams by capitalising on the opportunities presented by this fast-growing vertical. The acquisition is also in line with our longer-term strategy to further modularise our platform and, with a strong balance sheet, we remain in a good position to explore additional acquisition opportunities in the future.<\/em><\/p>\n<p><em>As ever, Kambi is committed to creating the world\u2019s leading sportsbook and we have spent more than a decade focused exclusively on the sports betting vertical, developing a core product that is near impossible to replicate. Whether it\u2019s our ability to offer a great betting experience, being ahead of the curve in terms of regulation and compliance or having a wealth of network data at hand to effectively power the engine, Kambi has both the technology and expertise in place to deliver long-term success for our partners.<\/em><\/p>\n<p><em>Of course, during the quarter we learned of Penn National Gaming\u2019s decision to acquire theScore, a Canadian sports media company which owns a player account management system and plans to develop its own sportsbook. It\u2019s incredibly difficult, as well as costly, to build, maintain, and continue to develop a first-class sportsbook, as we\u2019ve seen with unsuccessful efforts of others in the past. In the meantime, we\u2019ll continue to support their growth with our fantastic platform and service we have built over many years, which remains very much of interest to our growing list of prospective partners.<\/em><\/p>\n<p><em>In summary, we\u2019ve performed well, and the future looks bright. We currently have a sales pipeline as strong and varied as I\u2019ve known it. As the global trend of regulation continues, we are in a great position to capitalise on future opportunities as and when they arise, and we have announced the implementation of a share buyback scheme.<\/em><\/p>\n<p><em>Many of us at Kambi have been in this industry for more than two decades, during which time we\u2019ve seen the sports betting market change markedly. This change is reflected in the evolution of Kambi, where we have built a business that thrives in regulated market conditions, grown to become a global leader, and partnered with major brands across the globe, many entering the space for the first time. This experience means we know what it takes to succeed and I am therefore excited by what the coming years hold for Kambi.\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\/13305\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/financialhearings.com\/event\/13305<\/a><\/p>\n<p>Numbers for participation in the telephone conference:<\/p>\n<p>SE: +46 8 566 427 07<\/p>\n<p>UK: +44 33 3300 9264<\/p>\n<p>US: +1 631 913 1422; PIN US: 15720191#<\/p>\n<p>Link to the webcast: <a href=\"https:\/\/tv.streamfabriken.com\/kambi-group-q3-2021\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/tv.streamfabriken.com\/kambi-group-q3-2021<\/a><\/p>\n<p>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<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<\/div>\n<div class=\"mfn-footer mfn-contacts\">\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 href=\"mailto:Mia.Nordlander@kambi.com\" target=\"_blank\" rel=\"nofollow noopener\">Mia.Nordlander@kambi.com<\/a><br \/>Mobile: +44 (0) 7850 910 933<br \/>Office: +44\u00a0203\u00a0318 6279<\/p>\n<\/div>\n<div class=\"mfn-footer mfn-about\">\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.\u00a0Our 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 30-plus customers include ATG,\u00a0Churchill Downs Incorporated, Kindred Group, LeoVegas, Penn National Gaming and Rush Street Interactive. Kambi employs more than\u00a0950 staff across offices in\u00a0Malta (headquarters), Australia, 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.<br \/><a href=\"mailto:Certifiedadviser@redeye.se\" target=\"_blank\" rel=\"nofollow noopener\">Certifiedadviser@redeye.se<\/a><br \/>Tel: +46 (0) 8 121 576 90<\/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 2021-10-27 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\/5eb5a472-2ebe-4095-9676-e647ee2146a1\/kambi-group-plc-q3-report-2021.pdf\" target=\"_blank\" rel=\"nofollow noopener\">Kambi Group Plc Q3 Report 2021<\/a><\/p>\n<\/div>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"wpcf-remoteid":"81011232-4217-4de7-aaf3-95b6bd289798","wpcf-regulated":"1","wpcf-isfinancial":"0","wpcf-publishedyear":"2021","wpcf-published":"1635313500","banc-mfn-type":"ir","banc-mfn-lang":"en"},"press_release_type":[262,258,261,272,54,58],"class_list":["post-3492","press_release","type-press_release","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - 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