Kambi Group has continued its return to growth in Q2 2026, delivering double-digit revenue gains, a sharp improvement in profitability and raising its full-year earnings outlook. The sportsbook technology supplier credited strong commercial execution, the success of its AI-first operating model and robust FIFA World Cup trading for the improved performance, with CEO Werner Becher stating that the first half of the year showed the company had “turned a corner” after a challenging period.

The quarter also reinforced Kambi’s strategic progress across key growth markets. Alongside processing more than €1bn in Turnkey Sportsbook turnover during the FIFA World Cup, the supplier secured major Canadian lottery agreements, expanded its North American footprint with new partnerships, and highlighted the successful deployment of AI-powered trading throughout the tournament. The combination of product innovation, disciplined cost management and commercial momentum leaves Kambi entering the second half of 2026 with increased confidence.

Q2 2026 Financial Highlights

  • Revenue increased 13.5% year-on-year to €45.9m (€40.5m), while first-half revenue rose 9.1% to €89.4m (€81.9m).
  • Adjusted EBITA (acq) more than doubled to €7.6m (€3.7m), delivering a margin of 16.5%, up from 9.3%. First-half adjusted EBITA increased 83% to €13.3m.
  • Operating expenses declined 0.6% to €31.5m, reflecting continued cost discipline.
  • Operating profit rose to €5.8m, compared to €1.6m a year earlier, with the operating margin improving to 12.7%.
  • Earnings per share increased to €0.128 for the quarter, with first-half EPS reaching €0.213.
  • Kambi upgraded its full-year 2026 adjusted EBITA (acq) guidance to €23m-€27m, up from the previous forecast of €20m-€25m.

Operational Highlights

  • Processed more than €1bn in Turnkey Sportsbook turnover during the FIFA World Cup, achieving an operator trading margin of 18% across the tournament.
  • Selected by Atlantic Lottery Corporation and British Columbia Lottery Corporation to power a new multi-province Canadian sportsbook.
  • Partnered with Pure Casino Entertainment ahead of Alberta’s regulated online gambling market launch.
  • Signed a multi-year Odds Feed+ agreement with RETABET Group.
  • Expanded its partnership with 4 Bears Casino & Lodge to include Kambi’s player account management platform.

Becher said Q2 represented “another strong period of progress” for Kambi, highlighting the combination of revenue growth, record quarterly operator trading margins and continued efficiency gains despite operational credits issued during April. He also described the 2026 FIFA World Cup as a milestone for the business, marking the first tournament to be fully traded using AI while independent benchmarking recognised Kambi’s live betting performance and market availability.

Looking ahead, the company said its priorities remain sustaining growth, expanding its partner network and converting continued investment in AI-driven sportsbook technology into long-term value for both partners and shareholders.