Kambi's Latest Money Report: Less Cash Coming In, But Big Hopes for Computer Trading

Kambi, a company that provides the technology for sports betting, recently announced how much money they made in the last three months of the year. The report showed that they brought in less money than they did at the same time last year. However, the company is still feeling good about what’s ahead, especially because they are putting a lot of effort into something called AI trading, which they believe will help them earn more money down the road.

In those last three months, Kambi made about 42.7 million Euros, which is roughly 50.34 million US dollars. This was a small drop, about 3.9%, compared to the 44.5 million Euros (or 52.5 million dollars) they made in the same period the year before.

Looking at the whole year, Kambi’s total money earned went down by 8.2%. They made 162 million Euros (about 191 million dollars) in 2025, which is less than the 176.4 million Euros (or 208 million dollars) they made in 2024.

Even with these numbers, Werner Becher, who is the head boss of Kambi Group, said he feels confident. He mentioned that the way they finished the year showed signs that things are starting to get better and that they are moving towards a time where they will slowly start to grow again.

Some folks might be worried because the company’s adjusted operating profit, called EBITA, also went down quite a bit for the year. It dropped from 25.3 million Euros (about 29.8 million dollars) to 15.5 million Euros (about 18.3 million dollars). This big drop also meant that their overall profit from their business activities fell sharply, from 18.8 million Euros (or 22.17 million dollars) in 2024 to just 8.1 million Euros (or 9.55 million dollars) in 2025.

Kambi has reported its Q4 earnings.

Putting Money on AI Trading

The company is putting a lot of money into developing and using AI trading. This special computer technology is already being used to figure out the prices for almost half of all the bets placed across Kambi’s entire system. They plan to use it even more in 2026. In fact, the company expects that all bets for the upcoming World Cup this year will be handled completely by AI.

Mr. Becher explained that because Kambi is one of the biggest sports betting companies in the world, they are in a special position to use AI very well. They have a huge amount of information and past betting data, which allows their partners to offer better prices, more betting options, and make more money from trading in very competitive markets.

The company’s leaders expect their adjusted operating profit (EBITA) for 2026 to be between 20 million and 25 million Euros, which is more than the 17.6 million Euros they made in 2025. After these results were announced, Kambi’s stock price went up a little, from 104 Swedish Krona to 108.8 Swedish Krona. However, it’s still down by more than 17% since the beginning of the year.

Mr. Becher also brought up concerns about a possible tax increase in Colombia, which could hurt their profits this year. He said that if this new sports betting tax doesn’t happen, the company might be able to reach the higher end of their profit goals for the year.

New Friends Bring New Hope

Kambi has also gained some new business partners recently. They just signed agreements with companies like Come On Group, Coolbet, FDJ UNITED, and Superbet Group. These new deals are in addition to their existing agreement with the Ontario Lottery & Gaming.

Kambi will provide these partners with its special Odds Feed+ service, which includes its dedicated part of the company that focuses on esports, called Abios.

Mr. Becher said that the newest partnership with Come On shows that other big betting companies trust Kambi’s service for setting betting odds.

Other companies that work with Kambi, which started out on its own from Unibet back in 2010, include LiveScore Bet, Bally’s, Rush Street Interactive, and LeoVegas.

Betting on esports, which are video game competitions, is a big focus for Kambi. Last year, Mr. Becher mentioned that esports was the fifth biggest sport in terms of the total amount of money bet across their entire global network.