)

Kindred (KIND) investor relations material
Kindred Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Total revenue for Q3 2024 rose 4% year-over-year to GBP 294.5 million, with underlying EBITDA up 49% to GBP 63.4 million and active customers increasing 9% to 1,701,100.
The acquisition by La Française des Jeux (FDJ) was approved by over 91% of shareholders, with FDJ's stake expected to reach 98.6% post-settlement.
Kindred will exit .com markets lacking clear regulatory paths, impacting its ability to fully achieve the GBP 250 million underlying EBITDA target for 2024.
Financial highlights
Q3 2024 gross winnings revenue (B2C) increased 3% to GBP 283.1 million; underlying EBITDA margin reached 22%.
Profit before tax for Q3 was GBP 12.5 million, down from GBP 15.1 million, due to GBP 30.9 million in strategic review costs related to the FDJ transaction.
Profit after tax was GBP 9.6 million, with a loss from discontinued operations of GBP 0.4 million.
Free cash flow for Q3 was negative at GBP -4.2 million, compared to GBP 24.5 million in Q3 2023.
For Jan–Sep 2024, total revenue grew 4% to GBP 929.8 million, underlying EBITDA rose 33% to GBP 196.3 million, and profit after tax reached GBP 85.5 million.
Outlook and guidance
On track to approach the GBP 250 million underlying EBITDA target for 2024, but market exits post-FDJ acquisition will negatively affect the ability to fully reach this goal.
Continued focus on cost control, automation, and product innovation, including the launch of a proprietary sportsbook in a major market.
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage