Gambling.com Group Reports Strong 2024 Financial Growth
Key Takeaways
Gambling.com Group has released preliminary financial figures for the fourth quarter and the full year 2024. Revenue increased by 8% in Q4 to $35.2 million, while annual revenue grew by 15.6% to $127.1 million. Net income and adjusted EBITDA showed particularly strong growth. The forecast for 2025 anticipates further expansion.
Strong Performance in Q4 2024
In the fourth quarter of 2024, Gambling.com Group achieved revenue of $35.2 million, an increase from $32.5 million in the same period of the previous year. Net income grew by 19.7% to $7.8 million.
Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 33% to $14.7 million, representing an EBITDA margin of 42%. Operating cash flow rose by 65.4% to $13.6 million, while free cash flow reached $13.1 million.
Compared to the third quarter of 2024, revenue improved by 9.2%.
Full-Year 2024 Results: Significant Growth
Throughout 2024, Gambling.com Group’s revenue grew by 15.6% to $127.1 million. Net income increased by 50% to $30.5 million.
Adjusted EBITDA made a particularly large jump, rising by 128.3% to $48.5 million. The adjusted EBITDA margin stood at 38%.
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Outlook for 2025
For 2025, Gambling.com Group has set ambitious targets. Revenue is expected to range between $170 million and $174 million. Expected EBITDA is estimated at $67 million to $69 million.
The full financial reports for Q4 and the full year 2024 will be published on March 20, 2025.
Our Assessment
The figures reflect Gambling.com Group’s continuous growth strategy. Particularly noteworthy is the strong EBITDA growth and high operational efficiency. The forecasts for 2025 indicate further expansion, especially in the iGaming sector. It remains to be seen whether the company can achieve its ambitious targets.
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