Gambling.com Group reports $30.5m in Q2 revenue
The affiliate reached several financial milestones during the period.
Gambling.com Group has published its financial results for this year’s second quarter. The company posted an 18% boost in revenue during the period, which reached $30.5m.
The group said its second-quarter revenue is the highest on record.
Net income in Q2 totaled $6.9m. Adjusted EBITDA also hit an all-time high for the second quarter, which the total reaching $11.2m.
Company Co-Founder and CEO Charles Gillespie said the group is pleased with its Q2 results.
He further commented, “Our second quarter and year-to-date results highlight the incredible power of our high-intent audience and the clear value we create for our online gambling operator clients. Our team’s proven ability to dynamically manage our owned and operated assets to quickly address changes to the operating environment was evident in the second quarter’s strong topline and adjusted EBITDA growth and will continue to benefit us in the future.
“As we continue to execute at a high level, expand our footprint in the online gambling ecosystem and leverage industry growth opportunities, we continue to see a clear path towards our goal of $100m in annual adjusted EBITDA. Our significant share repurchase activity in the first half of this year underscores our confidence in the future of the business.”
CFO Elias Mark explained the contributing factors to the company’s second-quarter achievements.
He said in closing, “Our second quarter performance was driven by our team’s faster than expected re-calibration of our portfolio, leading to accelerated performance of our owned and operated assets.
“Year-over-year second-quarter revenue and Adjusted EBITDA growth of 18% and 19%, respectively, reflect very strong delivery of iGaming NDCs across Europe, including the United Kingdom, as well as resiliency in our North American business, against a challenging comparative prior-year period.”
Tags/Keywords
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
