Unibet bucks trends by posting poker gains; Kambi operator turnover soars

Nordic online betting operator Unibet bucked global trends by posting improved online poker revenue in Q2.

Stripping aside the one-time gains from last year’s spinoff of its Kambi Sports Solutions B2B offshoot, Unibet revenue hit £80.5m in the three months ending June 30, up 6.6% from the same period last year and a new all-time company record.

Unibet says its Q2 comparisons were negatively skewed by currency exchange fluctuations and true revenue growth in constant currency terms was over 21%. Earnings and profit after tax each rose 20% to £19m and £13.4m respectively.

The company achieved these results despite a 1% decline in the number of active customers and the lack of a major sporting event like last summer’s FIFA World Cup. Unibet credited its good fortune to its continued focus on operational efficiency and the legacy effect of previous marketing investments.