Kambi Group has reported revenue of €34.7m ($35.2m) for the second quarter of 2022, a 19% decline from the second quarter of 2021.
EBITDA declined by 47% year-on-year to €11.6m, while operating profit for the period declined by 70% to €4.9m, at a margin of 14.1%. Earnings per share for the second quarter of 2022 were €0.109, while cash flow for the period amounted to €0.1m.
Kambi noted many highlights for Q2 2022, including an online agreement with Mohegan Gaming & Entertainment and its Fallsview Casino brand in Ontario, Canada, an extended deal with Greenwood Gaming and Entertainment, and going live on day one in Canada and launches in the United States and Mexico among other milestones.
“In Q2, Kambi delivered another positive quarter with underlying growth remaining healthy and operator turnover up 16% when adjusting for the migration of DraftKings,” said Kambi CEO Kristian Nylén.