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US expansion drives Kambi net profit up 134.5% in 2020 10th February 2021 | By Robert Fletcher Betting solutions provider Kambi Group has said its ongoing expansion efforts in the US helped to bring net profit up 134.5% year-on-year in 2020, while revenue was also up 27.5%. Total revenue for the 12 months through to 31 December amounted to €117.7m (£103.2m/$142.9m), up from €92.3m in the previous year. Kambi said the majority of 2020 was extremely positive for the business, with a strong start to the year interrupted only by the effects of the novel coronavirus (Covid-19) pandemic, which hindered performance through the cancellation and postponement of sports events in late Q1 and most of Q2.

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