Gambling.com Reports Record Revenue Following A Year Of Acquisitions

Gambling.com has released financial outcomes for the very first quarter of 2025, displaying boosts in every sector.


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


Adjusted EBITDA increased 56% to a record $15.9 m, showing 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 delivered over 138,000 NDCs to customers, 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 of Gambling.com Group, said: "We entered 2025 with our marketing business at all-time highs and with an expanded suite of sports information services having closed the acquisition of OddsJam and OpticOdds on 1 January.


"Since the closing, we have made considerable development on integrating these offerings into our overall organization and the products are performing strongly as anticipated."


Revenue from sports data 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 subscription profits represented 24% of total 2025 first quarter revenue.


"With a boosted sports information services platform, we now have significant repeating subscription income, which we anticipate to account for well over 20% of our 2025 earnings, bringing increased income exposure and a complimentary, high margin and high development source of revenue and money circulation," Gillespie added.


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


However, this did mean that total operating costs increased 49% to $28.4 m, mainly as an outcome 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 worth 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, added on the most recent report: "Our first quarter results include record quarterly profits of $40.6 m and Adjusted EBITDA of $15.9 m, showing year-over-year development of 39% and 56%, respectively.


"With the strong start to the year, we remain confident in our complete year outlook with the midpoints of our assistance 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 circulation increased 25% to $10.3 m, reflecting growth in Adjusted EBITDA partially offset by working capital movements.