Kambi Group plc, the leading B2B sports services, solutions and content provider, released its third quarter 2025 unaudited financial results.
While the company reported a dip in revenue and adjusted EBITDA, it acknowledged the completion of a number of key objectives, highlighting the potential for growth in the near and long term.
Adjusted EBITDA and revenue decreased year-over-year in Q3
The recent figures from Kambi's financial report reveal that the third quarter revenue decreased by 13.1% to €37.4m.
In contrast, during Q3 2024, the company posted €43.0m revenue.
Per the latest report, the decrease in Q3 2025 revenue, once €2.3m in transaction fees received in Q3 last year are excluded, is 8.1%.
Adjusted EBITDA during the latest trading period recorded a decrease as well.
Kambi's recently released report reveals that Q3 2025 adjusted EBITDA decreased by 11.4% year-over-year to €3.4m.
The total expenses reported by the company in Q3 this year halted at €35.4m, down by 10.3% year-over-year when compared to the €39.4m in Q3 last year.
Focusing on the bigger picture, Kambi's report revealed that its revenue for the period between January and September 2025 also dipped.
During the aforementioned period in 2024, the company reported €132.0m in revenue, while this year, the revenue decreased by 9.6% to €119.3m.
Similarly, adjusted EBITDA between January and September this year recorded a decrease of 48% to €9.4m.
A quieter sporting calendar contributed to the decrease in the reported results
Kambi Group's CEO, Werner Becher, spoke about the newly released financial figures and accomplishments completed in Q3 this year, Casino Guru News learned from a press release.
Addressing the company's financial figures, he said: "Our Q3 financial performance was disciplined in a period impacted by a quieter sporting calendar, which last year included the Euros, Copa América and the Olympics, and the ongoing increased impact of gaming-related taxes."
Moreover, Becher said: "Revenue in Q3 reached €37.4m, a decrease of 8% year-over-year when excluding transition fees, generating Adjusted EBITA (acq) of €3.4m."
Kambi's CEO added that the company continues to see the benefits of its cost efficiency program, which is set to continue throughout the upcoming quarter and next year.
He acknowledged that during Q3 this year, the company signed seven Turnkey Sportsbook partnerships, as well as three Odds Feed+ deals.
Moreover, Becher outlined that Kambi renewed two partnership agreements during the third quarter and acknowledged that all those accomplishments reflect the ongoing commercial progress the company is making.
The company's boss spoke about Kambi's agreement with Glitnor Group and the recent partnership the Oneida Indian Nation in New York.
He highlighted three agreements the company inked in the Netherlands by teaming up with Holland Gaming Technology, Hommerson and Betnation.
"These agreements further diversify our revenue base while strengthening our position in a number of key markets," Becher explained.
