Releasing its results for the fourth quarter of 2016, Swedish sports betting specialist Kambi saw the turnover of its operator partners grow 19 per cent in the period.
Revenue at Kambi amounted to €14.3m in Q4, up slightly from €14.2m on the same period in 2015, with full-year revenues amounting to €56m, up 17 per cent year on year.
Operating profit (EBIT) for the fourth quarter of 2016 was €1.8m, down from €3.3m for the same period in 2015, with a margin of 13 per cent, down from 23 per cent.
In a statement the company said that football results in December had adversely affected revenues.
Kristian Nylén, CEO of Kambi, said: “As widely reported across the industry, December produced many events with player-friendly outcomes. For our operators, these resulted in lower than average margins in the quarter, which in turn, together with increases in gaming-related taxes, impacted on Kambi's revenues.
“Despite this, I'm very pleased to report that our operators continued to demonstrate the underlying strength of the Kambi sportsbook and reported solid increases in turnover, even when compared to a strong Q4 2015.
“In addition, I'm excited that Kambi has secured its first full contract in Latin America, with the signing of Mexican media giant Televisa, offering our premium sportsbook across all channels. We are now looking forward to building on this foothold across the region.”
Nylén also referred to the company’s partnership with the Novomatic Group, after Kambi recently signed a contract with Greentube, part of Novomatic Interactive.