Gambling.Com Group Ltd ( (GAMB) ) has released its Q2 earnings. Here is a breakdown of the information Gambling.Com Group Ltd presented to its investors.
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Gambling.com Group Limited is a fast-growing provider of marketing and sports data services for the global online gambling industry, helping operators acquire new customers through a portfolio of branded websites.
In its latest earnings report, Gambling.com Group announced record second-quarter revenue and adjusted EBITDA, alongside strategic moves including the acquisition of Spotlight.Vegas and an expanded share buyback authorization.
The company reported a 30% year-over-year increase in revenue to $39.6 million and a 22% rise in adjusted EBITDA to $13.7 million. The acquisition of Spotlight.Vegas is expected to diversify revenue sources and enhance cash flow. Despite a net loss due to fair value movements, adjusted net income rose by 37%.
Gambling.com Group’s strategic focus on diversifying revenue models beyond traditional marketing channels and expanding its footprint in the gambling and entertainment ecosystem is evident in its recent acquisition and operational strategies. The company continues to build deeper relationships with end users and operator partners.
Looking ahead, the company anticipates significant year-over-year growth in revenue and adjusted EBITDA for 2025, driven by contributions from Spotlight.Vegas and the launch of sports betting in Missouri, despite challenges such as weaker search engine rankings.