In 2023, Kambi’s revenue reached €173.3m, showing a 4.4% increase from the previous year despite losing a major client halfway through the year. This positive growth showcases Kambi’s resilience in the finance sector.
Although revenue saw an increase, the company’s net profit decreased year-on-year, with both EBITDA and EBITDA falling, while costs rose. This financial performance raised concerns about Kambi’s overall profitability.
Despite the challenges, Kambi’s strategic progress and new partnerships position the company for future growth and improved financial performance. The CEO’s resignation marks a new chapter for Kambi as they continue to focus on building a strong foundation for long-term success in the finance industry.
Looking ahead to 2024, Kambi anticipates a transitional year with forecasted revenue between €170.0m and €180.0m. The company aims to navigate market challenges and leverage new partnerships to drive revenue growth and achieve its long-term revenue target.
