Kambi and Paf extend sportsbook partnership across European markets

Kambi has agreed a long-term extension of its sportsbook partnership with Paf, an international operator headquartered in Åland, Finland.

The renewal builds on a 15-year collaboration that has seen Paf launch its Kambi-powered sportsbook across several regulated European jurisdictions, including Estonia, Finland, Latvia, Spain and Sweden.

Under the agreement, Paf will continue using Kambi's Turnkey Sportsbook and will retain access to selected front-end development services for its flagship brand as well as associated brands Speedybet and Golden Bull.

The companies described the deal as a continuation of a "trusted" collaboration that aligns with Paf's focus on responsible gaming and sustainable operational models.

The extension arrives shortly after Kambi reported a challenging third quarter. The supplier posted a 13% year-on-year drop in Q3 revenue to €37.4m, with adjusted EBITDA falling 32% and operating profit down 55%.

Year-to-date results also showed declines across revenue, EBITDA and profit after tax, prompting Kambi to lower its full-year EBITDA expectations and delay its Ontario launch to early 2026.

Across Q3, Kambi signed seven new turnkey sportsbook partnerships, three Odds Feed+ agreements and two renewals. Additional deals were secured with operators such as Superbet, LeoVegas Group, Coolbet and Glitnor Group.

The company also recently acquired Omega Systems' PAM source code to support development of its proprietary player account management platform in Nevada.

Kambi described Paf as a longstanding partner that will continue to benefit from the supplier's trading, technology and market-ready sportsbook systems.

Both companies indicated that the agreement strengthens their shared focus on customer experience and reflects ongoing demand for flexible outsourced sportsbook solutions within Europe's regulated betting landscape.