Kambi’s share price has jumped 20% in early morning trading following the supplier’s Q1 results announcing increases in revenue and EBITDA and two new key partnerships.
The group’s stock is up to SEK154 (£12.29) at the time of writing, trading at its highest levels in more than a year.
Revenue forthe first quarter of 2026 amounted to €43.5m (£37.7m), an increase of 4.9% on the €41.5m reported in Q1 2025.
Adjusted EBITDA growth of 63.5% year on year (YoY) from €3.5m to €5.7m was attributed by Kambi to “increased operating leverage in the business”. Profit after tax jumped 189% to €2.3m.
Bosses said new launches had helped drive revenue but that FDJ United’s exit from some markets had impacted its performance.
The Americas contributed to 59.4% of total turnover in Q1, with an increase in Colombia offset by a decrease in the US due to a weaker dollar and “increased operator trading margin”, according to Kambi.
European turnover contributed 37.6% of the Q1 total, while the rest of the world generated 3%.
The supplier noted that locally regulated markets generated 98.2% of sportsbook revenue during the period.
Today, 29 April, Kambi also announced partnerships with the Atlantic Lottery Corporation and the British Columbia Lottery Corporation, extending the supplier’s presence to eight of 10 Canadian provinces.
Other partnerships secured in Q1 included ComeOn Group, LCKY Group in Sweden and PickWin in Mexico, alongside expansions in existing relationships with Hard Rock Bet, Coolbet and LeoVegas.
Looking ahead to the remainder of 2026, Kambi said it expected adjusted EBITDA to land between €20m and €25m.
However, management did point to expected revenue headwinds throughout the rest of the year.
The report stated: “Revenue in 2026 will also be impacted by a number of headwinds. These include the migration of FDJ United from certain markets, and LeoVegas, which will continue into 2027 while transitioning to Kambi’s Odds Feed+ product. In addition, known increased regulatory and tax burdens are anticipated to negatively impact revenue.”
Kambi CEO Werner Becher added: “While external challenges remain, we have started the year on the front foot.
“Kambi continues to offer market-leading turnkey and odds feed products, we are progressing on efficiency and productivity initiatives, and we are entering the busiest period of the global sports calendar with confidence.
“Against this backdrop, I believe the broader outlook for the business remains bright and I am encouraged by the opportunities ahead.”
The post Kambi’s shares soar 20% on Q1 revenue and EBITDA gains first appeared on EGR Intel.
CEO Werner Becher celebrated the “increasingly positive trajectory” of the business, with the supplier also announcing new deals with Canadian lotteries in tandem with earnings report
The post Kambi’s shares soar 20% on Q1 revenue and EBITDA gains first appeared on EGR Intel.