Gambling.com revenue up 9% in Q4, EBITDA jumps 39%
Key Takeaways
Gambling.com Group reported revenue of $35.3 million in the fourth quarter, representing a 9% increase compared to the previous year. Adjusted EBITDA (earnings before interest, taxes, and depreciation) rose by 39% to $14.7 million. Net income for shareholders increased by 24% to $7.9 million. Gross profit grew by 21% to $33.1 million.
Reasons for Revenue Growth
The company attributes its growth to strong revenue performance and a reduction in distribution costs by $2.9 million. Media partnerships, in particular, contributed to lowering expenses.
Strategic Expansion and Future Plans
CEO Charles Gillespie emphasized that the focus on iGaming markets was crucial for success. He highlighted that the company delivered strong performance despite high comparison figures from the previous year.
A key part of the expansion strategy is the integration of Odds Holdings, Inc. This acquisition is expected to strengthen Gambling.com Group with sports data solutions and complement its high-margin performance marketing. Gillespie anticipates further growth and an increasing market presence, especially in North America.
Financial Forecasts for 2025
CFO Elas Mark highlighted the stable development of the online casino business across various regions. Despite challenging market conditions, North America remains a key growth market. The company expects continued revenue and EBITDA growth in 2025.
Our Assessment
Gambling.com Group demonstrates solid financial performance and follows a clear expansion strategy. The acquisition of Odds Holdings, Inc. could further strengthen its market position. The focus on iGaming and sports data solutions is likely to have long-term positive effects. Forecasts for 2025 indicate further growth, particularly in North America.
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