Kambi has recorded revenue of €45.9m (£39.1m) for the second quarter of 2026, fuelled by a strong trading performance across the 78 World Cup matches to fall within the Q2 reporting period.
The figure represented a 13.5% increase year on year (YoY), while adjusted EBITDA rose 26% YoY to €15.7m. This meant a margin of 16.5%, up from 9.3% for the corresponding period in 2025.
The announcement triggered a 12% jump in the Stockholm-listed supplier’s share price in early trading to SEK182.40 (£14.05) at the time of writing.
Across the World Cup, Kambi’s sportsbook platform handled more than €1bn worth of stakes with an operator trading margin of 18%, with more than 100 million bets processed across the tournament which ran between June and July.
While Kambi conceded a World Cup hosted in the US, Canada and Mexico meant kick-off times were “less favourable for many European sportsbooks”, the supplier’s “broad Americas partner base” helped support turnover.
Kambi previously highlighted the impact of its bet builder offering during the tournament, with the product accounting for 20% of live bets during the group stage. Bet builder accounted for 35% of all World Cup bets.
Furthermore, management highlighted in the Q2 report that this World Cup was the first tournament traded entirely using AI, while CEO Werner Becher hailed the impact of this decision.
“This was Kambi’s first FIFA World Cup to be fully traded by AI, representing an important milestone in the evolution of our cutting-edge sportsbook technology,” he said.
“Our performance was also validated externally, with third-party benchmarking from Bettormetrics showing Kambi as a leader across live betting KPIs, including high market availability.
“This translated into a smoother and more engaging experience for end users, while we also delivered greater combinability through an enhanced Bet Builder, particularly across player props markets.
“Even though this year’s FIFA World Cup provided more teams, more games and more betting opportunities, Kambi’s automated systems enabled us to deliver a market-leading product at greater efficiency than in 2022.”
The growth led to record quarterly operator trading margin of 14%, Kambi noted.
Meanwhile, turnover generated in the Americas in Q2 increased 4.9% YoY and amounted to 57.9% of total stakes.
Turnover from Europe decreased 1.7% YoY, making up 38.6% of the total, with operators’ migrations cited as a contributing factor. The Rest of the World generated the remaining 3.5% of quarterly turnover.
When factoring in cost of sales amounting to €6.9m, staff expenses of €14.9m, and other operating costs of €8.4m, operating profit for the quarter totalled €5.8m, up from €1.6% the previous year.
The quarter saw Kambi announce several partner launches across Europe and the Americas, including with the Atlantic Lottery Corporation British Columbia Lottery Corporation (BCLC) in Canada.
The supplier has subsequently entered Alberta, via its partnership with Rush Street Interactive, on the first day the market opened, 13 July.
Becher added: “Q2 marked another strong period of progress for Kambi, both in terms of financial delivery and in demonstrating the ongoing momentum we are building as a business.
“While there remains work to do, the first half of 2026 has demonstrated we have now turned a corner and returned to growth. This improved performance is driven by the development of our market leading product, commercial progress and the ongoing transition to an AI-first organisation.
“As we increase our estimated 2026 adjusted EBITA, our focus now is on sustaining this momentum and translating it into long-term value for our partners and shareholders.”
The post Kambi posts 13.5% jump in Q2 revenue driven by record World Cup performance first appeared on EGR Intel.
Growth supported by a new high of 14% operator trading margin for a quarter, while the tournament marked the supplier’s first to be fully traded using AI
The post Kambi posts 13.5% jump in Q2 revenue driven by record World Cup performance first appeared on EGR Intel.