Gambling.com Reports Record Revenue Following A Year Of Acquisitions

Gambling.com has launched financial results for the very first quarter of 2025, showing boosts in every sector.


Most considerably, the affiliate marketing group's overall income rose 39% year-over-year to $40.6 m (Q1 2024: $29.2 m). This drove a 78% boost in adjusted earnings to $16.5 m, which per share rose 92% to $0.46.


Adjusted EBITDA increased 56% to a record $15.9 m, reflecting an Adjusted EBITDA margin of 39% as compared to Adjusted EBITDA of $10.2 m and an Adjusted EBITDA margin of 35% in the prior-year period.


Meanwhile, as Gambling.com provided over 138,000 NDCs to clients, revenue from marketing services went up 13% year over year to $30.7 m - a 29% increase over the prior-year period.


Charles Gillespie, CEO and Co-Founder of Gambling.com Group, stated: "We entered 2025 with our marketing business at all-time highs and with a broadened suite of sports data services having closed the acquisition of OddsJam and OpticOdds on 1 January.


"Since the closing, we have made significant development on integrating these offerings into our general organization and the items are carrying out strongly as expected."


Revenue from sports information services increased by 405% to $9.9 m, which the company mainly associated to OddsJam and OpticOdds, as previously pointed out, following the acquisition on 1 January. Recurring subscription earnings represented 24% of total 2025 first quarter revenue.


"With a boosted sports information services platform, we now have meaningful recurring subscription income, which we anticipate to represent well over 20% of our 2025 revenue, bringing increased profits visibility and a complimentary, high margin and high of profit and capital," Gillespie included.


As mentioned by Gillespie, the increase in profits in turn drove a jump in gross profit. This figure increased 42% to $38.4 m while expense stayed stable with expense of sales in line with the prior-year period.


However, this did imply that overall operating expenses increased 49% to $28.4 m, primarily as a result of increased individuals expenses and greater amortisation associated to the acquisition of Freebets.com from XLMedia in April in 2015.


This was brokered for a value in between $37.5 m and $42.5 m, with $20m of that being paid instantly after closing. Meanwhile, $10m was then paid six months from the acquisition's date.


Elias Mark, Chief Financial Officer of Gambling.com Group, included on the newest report: "Our first quarter results include record quarterly profits of $40.6 m and Adjusted EBITDA of $15.9 m, reflecting year-over-year growth of 39% and 56%, respectively.


"With the strong start to the year, we stay positive in our complete year outlook with the midpoints of our guidance for revenue of $172m and $68m in Adjusted EBITDA, representing year on year growth of 35% and 40%, respectively."


Finally, running capital grew 30% to $11.4 m. Free money flow increased 25% to $10.3 m, reflecting development in Adjusted EBITDA partially offset by working capital movements.