Kambi Aiming for Significant Financial Growth over the Next Five Years
Goalpost Pushed High: Kambi Unveils Bold Plans
Get ready to roll the dice, folks! Kambi, a top-tier B2B sportsbook, has laid out some lofty ambitions, aiming to triple their 2022 revenue by 2027, boasting an EBIT of over €150 million. But that's not all - they've got a bag full of tricks up their sleeve to make it happen.
Betting Big on Key Factors
Kambi's betting brigade is banking on a host of strategic assumptions to make their dreams a reality. These include the regulation of sports betting in select markets, keeping partners happy and on board, and executing their product strategy like a pro. They're also optimistic about the global addressable market swelling to a gargantuan €50 billion by 2027.
To back up their audacious goals, Kambi's Board of Directors plans to dial up the heat for future equity programs, linking them to performance criteria that align with these financial targets. This way, shareholders can reap the benefits of Kambi's growth and success in the long run.
Capital Markets Day: A Tale of Strategy and Growth
Kambi invited investors, analysts, and industry heavyweights to their Capital Markets Day to spill the beans about their strategic vision and long-term growth plans. The event also served as a platform for questions and discussions with the management team and the Board of Directors.
Kambi is bullish about their long-term financial targets coupled with their innovative product strategy to take on the expanding global sports betting market and deliver sustainable growth for shareholders.
A Flexible Platform for Partners: The Future is Customizable
The Capital Markets Day also threw light on Kambi's strategy to bring about a more adaptable platform, giving partners more control over their sportsbooks. This new-gen platform will allow partners to tailor and optimize their sportsbooks according to their customer's needs.
Additionally, the platform will offer standalone high-quality services that can be integrated with other sportsbooks, ensuring a seamless betting experience for customers.
Kristian Nyleén, Kambi CEO and co-founder, commented on the upcoming developments, "Kambi is a sportsbook maestro. We're gunning for product innovation, delivering modular services to boot. In a growing global sports betting market, we're poised to evolve our business model and reap the riches."
Third-Generation Trading Technology: The X-Factor
Kambi's third-generation trading technology will be the game-changer, driving efficiency and quality in product offerings to generate more revenue and profitability. This tech will also be useful in segments like traditional sports betting markets as well as emerging markets such as esports.
The Capital Markets Day also shed light on how the evolved Kambi sportsbook will cater to all market segments, including the traditional ones and the new kid on the block - esports. Kambi's plan is to remain a force to be reckoned with in the sports betting world, keeping innovations, adaptability, and scale at the forefront to maintain their competitive edge.
Enrichment Data:
Kambi's long-term strategy is geared towards delivering shareholder value. This includes their active participation in a share repurchase program in 2025, reducing capital to enhance flexibility [1].
Kambi provides fully managed sports betting services, catering to regulated global betting and gaming industries, offering services like compliance, odds compiling, customer intelligence, and risk management [3].
They focus on achieving scale and utilizing data effectively to compete against industry giants [5].
Kambi plans to boost platform flexibility and capabilities through advanced technology, including AI-driven trading operations [5].
They are developing third-generation trading technology that leverages AI and large-scale data processing, aiming to offer smarter and more adaptive betting services [5].
Kambi has enhanced their front-end technology through Shape Games, supporting their strategy to provide a flexible, scalable, and user-centric platform [3].
- As Kambi's CEO and co-founder, Kristian Nyleén, stated, Kambi is focusing on product innovation and offering modular services, utilizing third-generation trading technology that's delivered through AI and large-scale data processing, aiming to provide smarter, more adaptive sports betting services.
- To enhance investor confidence and cater to their long-term financial goals, Kambi prepared potential future equity programs linked to performance criteria, aligning with their ambition to triple their 2022 revenue by 2027 and reach an EBIT of over €150 million. They also plan to participate in a share repurchase program in 2025 to reduce capital and enhance flexibility.
