Gambling.com Group Ltd
NASDAQ:GAMB
Gambling.com Group Ltd
Gambling.com Group Ltd is a marketing company, which engages in the provision of of digital marketing services active exclusively in the online gambling industry. The firm provides digital marketing services in the online gambling industry, focusing on iGaming and sports betting. The Company, through its technology platform publishes a portfolio of branded Websites including Gambling.com, Bookies.com. and BonusFinder.com. The company provides websites to different user interests and markets within the online gambling industry by producing content relating to the sector, such as news, odds, statistics, product reviews and product comparisons of available online gambling services. The Company’s product offering is content produced by journalists, reporters, copywriters and followers of the online gambling industry. The company develops technology platforms on which consumers can locate content with the use of search engines such as Google. Its BonusFinder Website publishes online portals which help consumers find and compare bonuses for online sportsbooks and casinos.
Gambling.com Group Ltd is a marketing company, which engages in the provision of of digital marketing services active exclusively in the online gambling industry. The firm provides digital marketing services in the online gambling industry, focusing on iGaming and sports betting. The Company, through its technology platform publishes a portfolio of branded Websites including Gambling.com, Bookies.com. and BonusFinder.com. The company provides websites to different user interests and markets within the online gambling industry by producing content relating to the sector, such as news, odds, statistics, product reviews and product comparisons of available online gambling services. The Company’s product offering is content produced by journalists, reporters, copywriters and followers of the online gambling industry. The company develops technology platforms on which consumers can locate content with the use of search engines such as Google. Its BonusFinder Website publishes online portals which help consumers find and compare bonuses for online sportsbooks and casinos.
Record Revenue: Gambling.com Group delivered record third quarter revenue of $39 million, up 21% year-on-year, with sports data services revenue quadrupling.
Sports Data Growth: The sports data services segment, especially OpticOdds, is driving growth and now accounts for 25% of total revenue, with OpticOdds’ revenue doubling year-on-year.
Marketing Headwinds: Marketing business revenue was flat due to unfavorable Google search rankings, but management expects improvement as search dynamics recently began to recover.
Adjusted EBITDA: Adjusted EBITDA rose 3% to $13 million, though margin fell to 33% from 39% last year because of higher costs tied to diversification.
Guidance Lowered: Full year revenue guidance revised to $165 million and adjusted EBITDA to $58 million, reflecting persistent search headwinds and higher costs.
Diversification Success: Non-SEO marketing channels are now contributing more and are expected to surpass SEO revenue in Q4 for the first time.
Healthy Cash Flow: Free cash flow reached $9.6 million, with strong conversion, though down year-on-year due to timing differences.
Confident Outlook: Management remains optimistic for continued growth in sports data and a return to growth in the marketing segment in 2026.
