Kambi Q2 revenue rises 13.5% as World Cup drives sportsbook activity

Kambi Group reported a 13.5% increase in revenue to €45.9 million for Q2 2026, driven by the FIFA World Cup and commercial expansion. The company's adjusted EBITA more than doubled to €7.6 million, with a significant rise in operating profit and margin. Kambi's AI technology played a key role in managing the World Cup, contributing to a €1 billion Turnkey Sportsbook turnover.

Key Points

Q2 revenue increased 13.5% year-on-year to €45.9m (US$52.4m), while operating profit rose to €5.8m

Adjusted EBITA (acq) more than doubled to €7.6m, with the margin improving to 16.5%

Kambi processed more than €1bn in Turnkey Sportsbook turnover during the FIFA World Cup

Kambi Group reported revenue of €45.9m for the second quarter of 2026, up 13.5% from €40.5m a year earlier. The sportsbook technology supplier benefited from the FIFA World Cup and continued commercial expansion.

Adjusted EBITA (acq) reached €7.6m, more than double the €3.7m recorded in Q2 2025, while the corresponding margin increased from 9.3% to 16.5%. Operating profit also climbed to €5.8m from €1.6m, producing a 12.7% margin.

The FIFA World Cup was a major driver during the period, with 78 matches taking place in Q2. Kambi processed more than €1bn in Turnkey Sportsbook turnover across the full tournament and recorded an operator trading margin of 18%.

The tournament was also the first FIFA World Cup to be fully traded using Kambi's AI technology. Its automated systems supported the expanded tournament format while allowing the company to offer greater betting market availability and an enhanced Bet Builder.

Kambi's Americas network played a larger role than during the previous tournament, generating 57% of global network turnover compared with 38% during the 2022 World Cup.

Commercial activity also continued during the quarter. Kambi was selected alongside Canadian Bank Note Company to provide sportsbook technology for Atlantic Lottery Corporation and British Columbia Lottery Corporation. It also partnered with Pure Casino Entertainment ahead of Alberta's regulated market opening and expanded agreements with several existing partners.

For the first half of 2026, Kambi generated €89.4m in revenue, an increase of 9.1%. Adjusted EBITA (acq) rose 83% to €13.3m, while operating expenses declined 1.4% to €63.4m.

CEO Werner Becher said the first half demonstrated that Kambi had "turned a corner" and returned to growth, supported by product development, commercial progress and its transition towards an AI-first organisation.