Date of Update: 9/2/2020

Kambi

Ticker: KAMBI SS

Theme: Technology

Country: Sweden

Sector: Consumer Services

This is not a recommendation to buy or sell securities.

 

Company Description:

Kambi is a leading provider of business-to-business sports betting services. The company’s services include front-end user interface design, odds compiling, customer intelligence and risk management, all built on in-house software. Kambi’s business is primarily based on a revenue-sharing model, which aligns the company with its partner operators.

As of 2020, Kambi had more than 20 customers, including Draftkings, Penn National Gaming, Rush Street Interactive, Kindred Group, and 888 Holdings.

3 Company Facts:

  • As of June 2020, more than 20 B2C sportsbooks leveraged Kambi’s platform, including DraftKings, Penn National, and Rush Street.1
  • In 2019, active players on Kambi’s platform increased 52%, while bets increased 40%.2
  • In 2019, the number of monthly active players betting with Kambi partners exceeded one million.3

3 Industry Facts:

  • The global sports betting market totalled $76 billion in GGR for 2019 and is expected to continue to grow at a compound annual growth rate of 6.6% to reach $103 billion by 2024.4
  • According to H2 Gambling Capital, online sports betting has surpassed retail sports betting in the European market.5
  • Nearly 50 percent of people 18 years and older in the United States have placed a bet on a sports event at least once in their life.6

 

3 Key Metrics:

  • Operator turnover
  • Operator launch backlog
  • Operator active players

Notable Brands:

DraftKings Sportsbook logo
DraftKings Sportsbook
Penn National Gaming logo
Penn National Gaming
Rush Street Interactive
Rush Street Interactive
Unibet logo
Unibet

Source(s):