Kindred Group Q3 revenues drop 2% on Sweden slowdown

Drop-off caused by customer challenges in the operator’s core market and a lower than usual sportsbook margin

Kindred Group this morning reported a 2% dip in Q3 revenues to £226m as the operator continues to struggle to attract high-value players in Sweden. EBITDA for the third quarter dropped to £37.2m, down from £55.7m in 2018, with a £12.8m EBITDA contribution decline from Sweden compared to last year. A lower-than-usual sportsbook margin in…

Finance | Henrik Tjarnstrom | Kindred Group | Sweden | Unibet