Why Kambi Group stock moves
Kambi Group rose after strong Q3 results and a raised full-year outlook.
Written after the close on ·
Why today
16,415 news analyzed todayKambi Group rose after strong Q3 results and a raised full-year outlook.
Over the last session, Kambi rose clearly while OMX Stockholm 30 fell clearly, so the stock moved against the market.
The rise most likely reflects the Q3 report published on the day before the session, with revenue up 23% and adjusted EBITA (acq) more than doubling, which is operating profit before some items.
Kambi also updated its full-year adjusted EBITA guidance to around €26m, its forecast for that profit measure.
Trading volume was roughly three times a normal session, so the move drew heavy interest.
Today's move of +2.24% was 2.3 times a normal day's 1.0%. OMX Stockholm 30 moved −1.01% on the same day.
Kambi Group +2.24%OMX Stockholm 30 −1.01%Against the market
What analysts expect, and how often they have been right
Analysts’ estimates for Kambi Group.
Kambi Group earned more than expected in 1 out of 8 reports.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 4 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 146.20 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedEUR
Next reported quarter: expected earnings per share of 0.21 EUR (February 17). For the current fiscal year, expected earnings per share changed from 0.77 EUR three months ago to 0.75 EUR now. 2026 estimate: 0.75 EUR. 2027 estimate: 1.06 EUR. One analyst made the estimate for the quarter.
What the key figures say about Kambi Group
The figures connect what Kambi Group earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: 0.24 EUR–0.86 EUR. Peers: Betsson 9.00 SEK, Gentoo Media 0.42 SEK, Evolution 58.63 SEK. 2026 estimate: 0.75 EUR (0.72 EUR–0.78 EUR). 2027 estimate: 1.06 EUR (1.05 EUR–1.07 EUR).
What the company sold during the year.
2022–2025: 162 m EUR–176 m EUR. Peers: Betsson 1.2 bn EUR, Gentoo Media 95.2 m EUR, Evolution 2.1 bn EUR. 2026 estimate: 179 m EUR (178 m EUR–180 m EUR). 2027 estimate: 184 m EUR (180 m EUR–189 m EUR).
The percentage of revenue left after the costs of running the business.
2022–2025: 7.4%–20.1%. Peers: Betsson 14.3%, Gentoo Media 28.0%, Evolution 58.0%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 4.2%–16.2%. Peers: Betsson 13.7%, Evolution 28.4%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: -0.87–-0.56. Peers: Betsson -0.45, Gentoo Media 2.62, Evolution -0.44.
More key figures
Cash left after investments, divided by the number of shares.
2022–2025: 0.14 EUR–0.82 EUR. Peers: Betsson 0.91 EUR, Gentoo Media 0.12 EUR, Evolution 6.45 EUR.
The percentage of assets financed by shareholders’ equity.
2022–2025: 68.1%–85.9%.
What followed similar falls?
Including reinvested dividends, Kambi Group fell 3.9% over the latest five trading days. Since November 7, 2016, falls at least this large were followed by a higher value 21 trading days later in 41 out of 80 non-overlapping periods. The median was +0.5%, against +0.8% for an ordinary 21-day period, which ended higher 52 times in 100.
Such a fall has not said much about the next month.
+0.5% · 41/80
What to watch next, and why
The earnings report shows how Kambi Group's revenue and profit have changed.
- Earnings report
The earnings report shows how Kambi Group's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Kambi Group usually moved about 7.9%. On a normal day it moves 1.0%.
−1.23% Why? +7.87% +23.91% −1.70%
10,000 SEK in Kambi Group bought on November 7, 2016 is worth 12,100 SEK today, with dividends reinvested.
What would 10,000 SEK in Kambi Group be worth today? →
What would 10,000 SEK in Kambi Group be worth today?
12,100 SEK
with dividends reinvested, bought on November 7, 2016.
At worst it was worth 4,890 SEK (March 19, 2020).
The five biggest days of the journey
· −30.6% · the whole market was unchanged the same day
· −30.5% · the whole market was unchanged the same day
· +23.9% · the whole market fell 0.5% the same day · report day
· −21.4% · the whole market was unchanged the same day · report day
· −20.0% · the whole market rose 0.5% the same day
Earlier days
−3.94% market −0.11% Kambi Group fell clearly over the week while the Stockholm market was roughly flat. Read →
Kambi Group fell clearly over the week while the Stockholm market was roughly flat.
Quarterly results on Wednesday 4 November showed revenue up 23% and operating profit more than tripling, and the company raised its full-year adjusted EBITA guidance to around €26m.
Even so, the shares slipped after the report, likely due to weaker sports results in August and September and the Brazil ban.
Peers in the sector fell about 1.8% over the same days, so sector weakness also likely contributed.
−1.24% market −0.32% Kambi Group fell, more than the market after strong Q3 results. Read →
Kambi Group fell, more than the market after strong Q3 results.
The stock fell sharply over the last five trading days while OMX Stockholm 30 rose slightly.
Kambi Group moved against the market and the move was big for this stock.
The Q3 report, published before the session, showed revenue up 23% and adjusted EBITA more than doubling, helped by the World Cup and AI trading.
Investors may have sold after the report despite the raised full-year guidance, partly due to weaker sports results in August and September and the Brazil ban.
−1.23% market +0.83% Kambi Group fell, while OMX Stockholm 30 rose clearly. Read →
Kambi Group fell, while OMX Stockholm 30 rose clearly.
The fall came as Kambi reported a strong third quarter, with revenue up 23% and adjusted EBITA more than doubling to about €7.9m.
It also raised its full-year adjusted EBITA outlook to around €26m.
Trading volume was very high, which suggests heavy repositioning after the results.
Over the last five trading days, the shares fell sharply and clearly underperformed the market, so this move was big for the stock.
−4.93% market −0.08% Kambi Group fell, while OMX Stockholm 30 was roughly flat. Read →
Kambi Group fell, while OMX Stockholm 30 was roughly flat.
No company news explains the move, and the drop was about four times a normal day, with trading well above its usual level.
Over the last five trading days Kambi Group fell clearly while the market rose slightly, so it moved against the market.
Its share buy-back reports are routine and do not explain the fall.
The next earnings report is due on Wednesday 4 November 2026, which is the event to watch.
−1.93% market +3.01% Kambi Group fell slightly over the week, while the broader Stockholm market rose clearly, so it lagged the market. Read →
Kambi Group fell slightly over the week, while the broader Stockholm market rose clearly, so it lagged the market.
The move was ordinary in size, with trading well below its usual level.
The most recent company news was a Friday item on the Vinstbet partnership, and the company has been buying back its own shares, a routine that is only background.
The next report comes on Wednesday 4 November 2026, when investors will watch the third-quarter results.
−2.06% market +0.41% Kambi Group fell clearly without a company-news explanation. Read →
Kambi Group fell clearly without a company-news explanation.
Over that session, OMX Stockholm 30 rose slightly, so Kambi Group moved against the market.
Over the last five trading days, Kambi Group was roughly unchanged while the OMX Stockholm 30 rose sharply, so it lagged.
Other Consumer Cyclical stocks on Nasdaq First North Sweden fell about 1.5% over that week, so sector weakness may have weighed on the shares.
Investors may also have been cautious ahead of the third-quarter results due on Wednesday 4 November 2026.
Learn more · Why do stocks go up and down?