Kambi Group is hitting the breaks on financial targets for 2027. The global sports betting service provider’s board of directors decided to withdraw revenue predictions released by the company in January.

The Kambi board determined that despite progress in areas it can control, slow regulation progress in key markets is expected to delay future profits.

Kambi originally projected revenue of two to three times the fiscal year 2022 numbers, roughly €330 to €500 million. EBIT figures were predicted to be more than €150 million with a potential global addressable market increase to approximately €50 billion GGR by 2027.

Those target figures were accrued following a review of underlying assumptions that included better regulation expectations, continued partner retention and acquisition, and the successful execution of its product strategy.

Please fill out the form to send a message to the CDC Gaming Reports team. Alternatively, you can send an email to the address on the footer of each page.