Kambi Group (KAMBI) Q1 2017 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2017 earnings summary
4 Nov, 2026Executive summary
Operator turnover rose 27% YoY, while revenue increased 7% to EUR 14.2m as unusually weak trading margins offset volume growth.
Player-friendly outcomes, particularly clustered wins by favorites, pressured Q1 results; management cited a strong foundation for future growth under normal trading margins.
Financial highlights
Revenue was EUR 14.2m vs EUR 13.3m in Q1 2016; operating profit was EUR 1.4m vs EUR 2.0m.
Profit after tax was EUR 1.1m vs EUR 1.8m; operating expenses rose to EUR 12.9m from EUR 11.3m.
Operating cash flow excluding working-capital movements was EUR 0.8m for the quarter.
Outlook and guidance
Greentube's phased rollout into regulated European markets was expected to begin in its first markets during summer 2017.
Management does not comment on future-quarter betting margins; early April trading had started poorly, while management expressed confidence in growth with normal margins.
Latest events from Kambi Group
- Turnover grew 16%, while low margins and renewal terms weighed on profit.KAMBI
Q2 2017 - Turnover grew 16%, but revenue was flat as contract and cost pressures weighed on Q3 results.KAMBIQ3 2017
- Turnover grew, but weak betting margins cut Q4 profit as new customer deals broadened growth prospects.KAMBIQ4 2016
- Operator growth lifted Q3 revenue 15% and operating profit 25% YoY.KAMBIQ3 2016
- Operator turnover surged 46% as Euro 2016 helped drive 28% Q2 revenue growth.KAMBIQ2 2016
- Record Q4 revenue and customer wins; U.S. expansion remained conditional.KAMBIQ4 2017
- World Cup-led record revenue and positive operating profit marked a strong Q2.KAMBIQ2 2014
- Revenue rose 23%, adjusted EBITA grew 161%, and FY guidance reset to ~€26m.KAMBIQ3 2026
- Q2 2026 saw double-digit revenue growth, record World Cup margins, and upgraded profit guidance.KAMBIQ2 2026