Kambi reported improved first-quarter results as higher sports betting margins and increased betting activity helped offset ongoing partner transitions.
During the first quarter, Kambi's revenue increased by 5% year-over-year to €43.5 million, driven by higher sports betting margins and elevated betting volumes. The company's profit also saw a significant rise, leading to a surge in its stock price to a 52-week high. This positive performance was attributed to the successful management of partner transitions and enhanced operational efficiency.
