Kambi reported third-quarter revenue of €46 million for the three months to 30 September 2026, up 23% year on year. Adjusted EBITA increased 161% to €7.9 million, while the company said lower operator trading margins in August and September limited further revenue growth.
Operators and investors should weigh Kambi’s revenue growth against lower operator trading margins limiting further growth.
Quarter ended 30 June 2026
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France's ANJ said its algorithm identified 600,000 players with a high probability of excessive gambling, 8.7% of account-based players, who generated €1.2bn or 60% of total gross gaming revenue. The regulator reported that operators identified 89,000 excessive players in 2025, up from 31,000 in 2024, and called the identification effort insufficient.
The French gambling mediator received 1,856 requests in 2025, a 20% increase on 2024, according to the mediator's activity report published by the ANJ. Sports betting accounted for 91.5% of admissible requests, mostly concerning account management and bet disputes. The mediator deplored the doubling of withdrawals by Winamax, which withdrew from 126 cases.
France's gambling gross gaming revenue reached €14.1bn in 2025, up 3% on 2024, according to the ANJ. Online GGR rose 8.5% to €2,617m, with online sports betting up 10.4% to €1,766m, while FDJ United's group GGR reached €8,706m.
France's ANJ examined the excessive- and underage-gambling prevention plans of all licensed operators between November 2025 and March 2026, it said. The regulator approved the plans but issued prescriptions, saying further effort is needed to cut the number of excessive gamblers by 2027. It cited an OFDT estimate of 1,170,000 problem gamblers in 2024, including 360,000 at excessive levels.
Switzerland's Gespa has published an overview of sports betting regulation, covering the Loterie Romande and Swisslos products Jouez Sport and Sporttip and locally licensed betting. The regulator says it sets binding limits on the scope of the lottery companies' betting offer to reduce match-manipulation risk. Net revenue from sports betting must go entirely to charitable purposes under the constitution.