Kambi reported €43.5 million in revenue for the first quarter of 2026, up 4.9% year over year, while EBITDA rose 63.5% to €5.7 million. Operating profit came in at €4.2 million. Alongside the results, CEO Werner Becher repeated that the 2026 FIFA World Cup will be the first major global tournament on Kambi’s network to have pricing and risk management handled entirely by its AI trading system.
Automation passed 50% in January and hit 60% for the quarter
The key operating figure in the update was the scale of automation across Kambi’s network. The company said 60% of bets in Q1 2026 were priced and traded by AI, up from 49% in 2025. According to the report, the automation rate moved above 50% in January and finished the full quarter at 60%. Football had already reached full AI coverage earlier in the year, and Kambi said the rollout is now expanding into tennis, basketball, and ice hockey.
Customer additions supported the quarter
Becher described the quarter as a sign that Kambi had returned to growth after a difficult 2025 shaped by major customer migrations. On the client side, French horse racing monopoly PMU went live on Kambi several weeks ago and is “performing very well,” according to Becher. This week, Atlantic Lottery and British Columbia Lottery also selected Kambi as their sportsbook supplier, extending the company’s live presence to seven of Canada’s ten provinces.
Company sees no material impact from prediction markets
Becher also said prediction markets have had “no material impact” on Kambi’s business in regulated U.S. states. That view sits against a wider push from state attorneys general and the American Gaming Association, which have challenged unregulated event-contract operators. The report also noted that Kambi had previously said it received direct regulatory warnings that entering prediction markets could put its licenses at risk in several U.S. jurisdictions.