Kambi Group Plc has celebrated a record opening to 2021 trading. The Stockholm-listed sportsbook technology provider gained double-digit growth across all core operating metrics and KPIs. It was as a result of its significant sportsbook network growth.
Kambi reported group revenues of €43.2 million in its first-quarter trading update. It is 55% more from €28 million in 2020.
Kambi informed investors that the operator turnover index had surpassed the ‘1,000 marks for the first time during the trading period. It equals an x10 increase since the technology group’s first-quarter post-listing in 2014.
Kambi’s record revenue performance was assisted by a significantly improved trading margin of 43% (Q1 2019: 21%). It helped the company achieve a period operating profit of €18.7 million, up 173 percent from Q1 2020’s €6.8 million results.