US market realities drive push for ‘lighter’ B2B betting solutions
Kambi’s latest quarterly results show the impact that big brands moving their tech stacks in-house is having on sports betting solutions providers. The group’s strategy to develop modular, API-powered solutions is a way to address the situation. The 15% and 25% drops in revenue and turnover experienced by online sports betting solution provider Kambi is […]
Kambi increases revenue and profits, why aren’t investors noticing?
In its recently released annual report, Kambi reported revenue of €162.4 million in 2021, a 38% year-over-year increase, while its operating profit grew by more than twice that amount, 77%. These numbers stand in stark contrast to Kambi’s stock performance, which took a beating following the company’s loss of two sports betting partners – Mohegan Sun […]
Catena Media hit by German hindrance
Catena Media Q2 The top line Revenue up 9% to €30.4m, adjusted EBITDA up 1% to €14.9m, margin was down to 49% vs. 53% in Q220. NDCs were up 34% to 140,025 during the period North American revenues were up 37% and accounted for 41% (33% Q220) of group revenue. Organic growth of 9% and […]
Sector watch – NFTs
Some candy talking: DraftKings’ move into the NFT space via the launch of Marketplace confirmed fan tokens as another area where the convergence between sports and sports betting will potentially be played out. DraftKings is following a path already trod by others including sports merchandise market leader Fanatics (which will soon have ex-FanDuel CEO Matt […]
Penn National Q2 pre-announcement
The top line Revenues for the three months to June will range between $1.45bn-$1.55bn while adjusted EBITDAR will be between $540m-$580m. At the midpoint for each they represent growth of 18% and 25% respectively and an adjusted EBITDAR margin improvement of 220bps. Compared to Q219 the company expects revenue, Adjusted EBITDAR and Adjusted EBITDAR margin […]