Gambling.com Group Limited (Nasdaq: GAMB), a leading provider of digital marketing services for the global online gambling industry, has announced record-breaking preliminary financial results for the fourth quarter and full year ended December 31, 2024. The company’s impressive performance underscores its strategic prowess and operational excellence in a rapidly evolving market.
Q4 2024 Highlights:
- Revenue: Approximately $35.2 million, showcasing robust growth.
- Net Income: Approximately $7.8 million, reflecting strong profitability.
- Adjusted EBITDA: Approximately $14.7 million, with a remarkable 42% margin, highlighting superior operational efficiency.
- Cash Flow: Generated approximately $13.6 million from operating activities, with Free Cash Flow of approximately $13.1 million.
Full Year 2024 Highlights:
- Revenue: Approximately $127.1 million, demonstrating sustained growth throughout the year.
- Net Income: Approximately $30.5 million, underscoring consistent profitability.
- Adjusted EBITDA: Approximately $48.5 million, with a 38% margin, indicating strong financial health.
- Cash Flow: Generated approximately $37.6 million from operating activities, with Free Cash Flow of approximately $41.5 million.
2025 Outlook:
Gambling.com Group has introduced ambitious guidance for 2025:
- Revenue: Projected between $170 million and $174 million.
- Adjusted EBITDA: Expected between $67 million and $69 million.
The guidance includes approximately $14.5 million in Adjusted EBITDA contributions from the acquisition of Odds Holdings, Inc., completed on January 1, 2025. The company’s strategic positioning and strong market presence are expected to drive continued growth and value creation for shareholders.
Market Perspective:
The online gambling industry is experiencing significant growth, driven by the increasing legalization of sports betting and iGaming across various jurisdictions. Gambling.com Group’s ability to capitalize on these trends through its diverse portfolio of websites and strategic acquisitions positions it as a leader in the digital marketing space for the gambling industry.
Conference Call and Webcast:
Gambling.com Group will release its full 2024 fourth quarter and year-end results before the market opens on Thursday, March 20, 2025. A conference call and simultaneous webcast will be held at 8:00 AM ET, featuring Charles Gillespie, Chief Executive Officer and Co-Founder, and Elias Mark, Chief Financial Officer, who will discuss the results and provide a business update.
Conclusion:
Gambling.com Group’s record-breaking Q4 2024 results and ambitious 2025 guidance reflect its unwavering commitment to execution and strategic growth. As the online gambling industry continues to expand, the company’s strong financial performance and market positioning make it a standout player in the digital marketing landscape.
For more information, visit the Gambling.com Group Investor Relations Center.
About Gambling.com Group Limited: Gambling.com Group Limited (Nasdaq: GAMB) is a fast-growing provider of digital marketing services for the global online gambling industry. Founded in 2006, the Group operates more than 50 websites in 10 languages across 15 national markets, covering all aspects of the online gambling industry, including iGaming and sports betting.
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
