Kambi Revenue Rises as World Cup and AI Trading Boost Results

Kambi Group (STO: KAMBI) reported a 23% year-on-year increase in Q3 revenue to €46 million ($53 million), boosted by the FIFA World Cup and greater use of AI trading technology. Kambi's Q3 revenue rose 23%, with a strong World Cup contributing. (Image: Kambi) Adjusted EBITA surged 161% to €7.9 million ($9.1 million) while operating profit more than tripled to €5.1 million ($5.9 million). The results represented the third consecutive quarter of year-on-year revenue and profit growth. The growth was helped by the latter stages of the FIFA World Cup, with Kambi achieving its second-highest ever quarterly trading margin of 11.9%.