Kambi Q2 was backed by the European Soccer Championship as American sport suffered a seasonal downturn

Sports activities betting know-how firm Kambi Posted monetary updates for the second and first quarters this week. He cites the nice performances pushed by the European Soccer Championships, which made it doable to offset the seasonal decline in American sporting exercise.

Second quarter 2021 income was $ 50.4 million (second quarter 2020: $ 17.4 million) and first half 2021 income was $ 101.2 million (first half 2020: $ 50.3 million), a rise of 102%. Do. Working earnings (EBIT) for the second quarter of 2021 was $ 19.5 million (- $ 4 million) with a margin of 38.8% (-22.7%) and $ 41.5 million of {dollars} (4.1 million) with a margin of 41.0% (8.2%). It was a greenback). First semester 2021

Renewing buyers, the corporate centered its consideration on its ever-growing presence in the US, Churchill Downs, Penn Nationwide Gaming When Kinship Sports activities betting has began in 4 states. It additionally highlights its rising footprint within the rising sports activities betting market in South America. Olimpo.guess In Peru earlier than a wider deployment

CEO Kristian Nylén Commentary: “We’re delighted that the constructive momentum of Kambi has continued into the second quarter of this 12 months. The UEFA European Championship has carried out nicely, filling the scarcity of NFL and faculty sports activities in the US.

“Towards the backdrop of the US seasonal sports activities calendar, Kambi can nonetheless ship robust ends in the second quarter, with revenues of 42.8 million euros ($ 50.4 million), an operator gross sales index of 911, operators. The gross sales margin was 9.3% and carried out strongly. Encourage half a 12 months.

“Relating to world alternatives and our accessible markets Canada With the elimination of the ban on single bets, the state is now capable of supply a way more liberalized type of regulated sports activities betting.

“I’m blissful to see the state take over and transfer in direction of a brand new licensing framework. OntarioThe nation’s largest state, with a inhabitants of round 15 million, may very well be the primary to be operational by the tip of the 12 months.

“Alternatively, current successes supply a robust monitor file, the flexibility to develop when and the place it is wanted, to drive world progress plans and create extra shareholder worth.”

Kambi Q2 was backed by the European Soccer Championship as American sport suffered a seasonal downturn

Supply hyperlink Kambi Q2 was backed by the European Soccer Championship as American sport suffered a seasonal downturn

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