1 Gambling.com Reports Record Revenue Following a Year Of Acquisitions

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Gambling.com has launched financial outcomes for the first quarter of 2025, displaying increases in every sector.

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

Adjusted EBITDA increased 56% to a record $15.9 m, reflecting a Changed EBITDA margin of 39% as compared to Adjusted EBITDA of $10.2 m and a Changed 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.

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 actually closed the acquisition of OddsJam and OpticOdds on 1 January.

"Since the closing, we have made substantial progress on incorporating these offerings into our general organization and the products are carrying out highly as expected."

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

"With an enhanced sports data services platform, we now have meaningful recurring subscription profits, which we anticipate to account for well over 20% of our 2025 earnings, bringing increased revenue visibility and a complimentary, high margin and high development source of revenue and capital," Gillespie added.

As alluded to by Gillespie, the increase in income in turn drove a dive in gross revenue. This figure increased 42% to $38.4 m while expenditure stayed stable with cost of sales in line with the prior-year duration.

However, this did indicate that total operating expenditures increased 49% to $28.4 m, mainly as an outcome of increased people costs and higher amortisation associated to the acquisition of Freebets.com from XLMedia in April last year.

This was brokered for a value between $37.5 m and $42.5 m, with $20m of that being paid instantly after closing. Meanwhile, $10m was then paid 6 months from the acquisition's date.

Elias Mark, Chief Financial Officer of Gambling.com Group, added on the current report: "Our very first quarter outcomes consist of record quarterly income of $40.6 m and Adjusted EBITDA of $15.9 m, reflecting year-over-year growth of 39% and 56%, respectively.

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

Finally, operating money circulation grew 30% to $11.4 m. Free money circulation increased 25% to $10.3 m, showing development in Adjusted EBITDA partially offset by working capital motions.