Kambi raises Q3 revenue 23% to €46m and improves 2026 guidance
Results1 min read
In brief
- Kambi's Q3 revenue rose 23% year on year to €46m.
- Adjusted EBITA was €7.9m, against €3m a year earlier.
- Full-year adjusted EBITA guidance was improved to roughly €26m.
Third-quarter revenue at Kambi reached €46m, a 23% increase on the prior year. Over the same quarter, adjusted EBITA climbed from €3m to €7.9m, and the margin widened from 8.2% to 17.3%. After these results, the company lifted its annual adjusted EBITA outlook to about €26m.
Revenue for the first nine months of 2026 was €135.4m, up 13.5% from €119.3m in the same period of 2025. Third-quarter gross profit rose 16% to €37.2m, while the gross profit margin fell from 85.8% to 80.9%. Operating profit was €5.1m, compared with €1.6m in Q3 2025. Operating expenses remained largely stable at €29.2m. Adjusted EBITA for January to September more than doubled to €21.2m.
The company agreed a 10-year deal with Station Casinos covering sportsbook and player account management services. Kambi also brought Pure Casino Entertainment and QuinnBet onto its Turnkey Sportsbook network. In Alberta, Canada, the company supported several operator launches. Kambi strongly criticised Brazil's decision to ban online gambling.
- Third-quarter revenue
- €46m
- Third-quarter adjusted EBITA
- €7.9m
- Full-year adjusted EBITA guidance (roughly)
- €26m