- Gambling.com Group (GAMB, Financial) reports record Q1 revenue of $40.6 million, a 39% increase year-over-year.
- Adjusted EBITDA reached $15.9 million, showcasing a 56% growth compared to the prior year.
- The company's 2025 full-year guidance projects revenue between $170 million and $174 million.
Gambling.com Group Limited (GAMB), a key player in the global online gambling industry, has announced its financial results for the first quarter ending March 31, 2025. The company achieved a remarkable $40.6 million in revenue, marking a 39% surge from the same period last year. This significant growth is driven by both its marketing and sports data services, with the latter seeing a 405% increase in revenue due to the acquisition of OddsJam and OpticOdds.
Chief Executive Officer Charles Gillespie highlighted substantial progress in the integration of the newly acquired sports data services, which has led to enhanced recurring subscription revenue. This aspect now provides increased revenue visibility and is expected to contribute substantially to the company's profit and cash flow throughout the year.
Elias Mark, the Chief Financial Officer, elaborated on the financial accomplishments further. The company's Adjusted EBITDA hit a record $15.9 million, a 56% rise from the previous year, with a robust margin of 39%. This strong financial performance is supported by an increase in net income attributable to shareholders, which rose by 54% to $11.2 million, with earnings per share increasing by 63% to $0.31.
Gambling.com Group has reiterated its full-year guidance for 2025, projecting revenue to range between $170 million and $174 million, with Adjusted EBITDA anticipated to reach between $67 million and $69 million. The company maintains confidence in its growth trajectory despite the broader economic volatility, aiming to achieve $100 million in annual Adjusted EBITDA.
The company also reported a notable 30% growth in cash flows from operating activities, reaching $11.4 million, while free cash flows increased by 25% to $10.3 million.
Gambling.com Group's strategic acquisitions and expanding service offerings continue to cement its position in the market, as evidenced by these robust financial results and future optimistic outlook.
