Record Second Quarter Revenue and Adjusted EBITDA
Gambling.com Group reported record second-quarter revenue of $39.6 million, a 30% increase year-over-year, and adjusted EBITDA of $13.7 million, an increase of 22% year-over-year.
Growth in Sports Data Services
The company's sports data services revenue quadrupled to $10 million, with OpticOdds leading with 120% year-on-year growth, contributing to high-margin recurring subscription revenue.
Strategic Acquisitions and Diversification
The acquisition of Spotlight.Vegas is expected to expand the client base to include land-based operators, providing a strategic lever for growth. Additionally, the company successfully integrated and scaled acquisitions like OddsJam and OpticOdds.
Increased Subscription Revenue
Subscription revenue accounted for 25% of total revenue, with recurring revenue making up 51% of total second-quarter revenue, indicating a successful diversification strategy.