Margin PressureA shift toward media partnerships has introduced modest gross margin pressure, influencing AEBITDA to trend toward the lower end of the guidance range.
Operational ChallengesWith AEBITDA likely trending toward the lower end of the $67M to $69M range, there may be a need for a modest restructuring, targeting a 5% to 10% reduction in headcount.
Revenue ShortfallRevenue was impacted by a slight shortfall in core performance operations that stemmed from a late March downtick in Gambling.com activity that's already reversed itself in April/May.