Gambling.Com Group Ltd ( (GAMB) ) has released its Q3 earnings. Here is a breakdown of the information Gambling.Com Group Ltd presented to its investors.
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Gambling.com Group Ltd is a digital marketing service provider specializing in the global online gambling industry, primarily operating in the United States and Ireland.
Gambling.com Group Ltd reported a robust third quarter for 2024, marked by significant increases in revenue and net income, and raised its full-year revenue and EBITDA guidance. This growth underscores the company’s strong market position and effective execution within the affiliate sector.
Key financial highlights include a 37% increase in revenue to $32.1 million and a 108% rise in adjusted EBITDA to $12.6 million. The company also achieved a 70% increase in net income, reaching $8.5 million. Additionally, the Group delivered over 116,000 new depositing customers, a 35% increase from the previous year. The company reinforced its market standing by winning the Casino Affiliate of the Year award and continues to expand through strategic share repurchases and asset acquisitions such as Freebets.com.
Looking ahead, Gambling.com Group Ltd is optimistic about its future, projecting significant revenue and adjusted EBITDA growth for the full year 2024. The company remains focused on expanding its footprint in the online gaming ecosystem and leveraging opportunities within the resilient North American market.
