Kambi Group grew revenue by 23% to EUR 46.0m in the third quarter of 2026, up from EUR 37.4m a year earlier. Adjusted EBITA (acq) rose 161% to EUR 7.9m, lifting the margin to 17.3% from 8.2%.

The sportsbook supplier has narrowed its full-year adjusted EBITA (acq) guidance to around EUR 26m, from a range of EUR 23m to 27m, despite what it called disappointing regulatory changes in Brazil.

Q3 2026 in numbers

  • Revenue: EUR 46.0m, up 23%. Nine-month revenue rose 13.5% to EUR 135.4m.
  • Gross profit: EUR 37.2m, up 16%, at an 80.9% margin (85.8%).
  • Adjusted EBITA (acq): EUR 7.9m (EUR 3.0m), a 17.3% margin.
  • Operating profit: EUR 5.1m (EUR 1.6m), an 11.1% margin.
  • Operating expenses: EUR 29.2m, up 0.7%.
  • Earnings per share: EUR 0.128 (EUR 0.036).

Partners, AI trading and Brazil

  • Kambi agreed a 10-year omni-channel sportsbook and player account management deal with Station Casinos in Nevada. Station is on track to launch through the Nevada regulatory field test in the coming weeks, ahead of a statewide rollout.
  • It signed Turnkey Sportsbook deals with Pure Casino Entertainment and QuinnBet, and an Odds Feed+ partnership with RETABET, and supported several launches in Alberta’s newly regulated online market.
  • Operator trading margin for the quarter was 11.9%, Kambi’s second-strongest ever, helped by the latter stages of the FIFA World Cup.
  • 85% of network bets are now traded through Kambi’s AI system, and 59% of AI-traded live bets are accepted with zero-second delay.
  • Brazil accounted for a low single-digit percentage of Kambi’s 2026 revenue. The company said the ban could remove the market’s long-term growth potential. Brazil’s betting ban is now before the Supreme Court.

Chief Executive Werner Becher said:

“Kambi continued its positive trajectory in Q3, driven by a robust financial performance, new partner wins and further strategic progress. Supported by our powerful network, proven technology and a clear strategic focus, I believe the business is well positioned to deliver sustainable long-term value for both partners and shareholders alike.”

Kambi has also consolidated Abios, Shape Games and Tzeract under the Kambi brand. The full figures are in the Kambi Q3 2026 report (PDF).