Kambi Group PLC (LTS:0EAW)
kr 185 +11.8 (+6.81%) Market Cap: 4.77 Bil Enterprise Value: 4.49 Bil PE Ratio: 38.59 PB Ratio: 2.69 GF Score: 79/100

Q2 2026 Kambi Group PLC Earnings Call Transcript

Jul 22, 2026 / 08:00 AM GMT
Release Date Price: kr178.9 (+8.03%)

Key Points

Positve
  • Kambi Group PLC (KMBIF) reported a 13% increase in Q2 revenue, with EBITDA doubling year-on-year.
  • The company raised its full-year EBITDA guidance to EUR 23-27 million, driven by strong World Cup performance.
  • Kambi Group PLC (KMBIF) expanded its market presence by signing partnerships with Canadian lotteries, Pure Casino in Alberta, and Ritabet in Spain and Peru.
  • The company's AI trading system successfully managed the World Cup, processing over 100 million bets with an 18% operator trading margin.
  • Operational expenses decreased, contributing to a significant increase in profitability, with adjusted EBITDAC rising to EUR 7.6 million from EUR 3.7 million last year.
Negative
  • The company faced operational issues in April, resulting in credits that impacted financial performance.
  • High operator trading margins could potentially suppress turnover in the short term.
  • Cost of sales increased due to premium data costs associated with the World Cup, impacting overall profitability.
  • The company is cautious about raising long-term sportsbook margin guidance despite recent high margins.
  • There is uncertainty regarding the regulatory process in Wisconsin, which could affect future market entry.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KAMBI.ST - Kambi Group PLC
Q2 2026 Kambi Group PLC Earnings Call
Jul 22, 2026 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to Cambi's Q2 earnings call. At this time, all participants are in the listen-only mode. After the speaker presentations, there will be time for questions and answers.

If you're following us on the teleconference and wish to ask a question, please press star 11. If you're following us through the webcast, you may submit your question through the chat.

Please be advised that today's conference is being recorded.

The agenda for today. We will start with some highlights from Werner, which will be followed by the financial summary by David. Then Werner will come back with some operational updates. Following this, there will be time for the Q&A.

With that, I would like to hand over the
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