Gambling.com Group announces preliminary Q4 revenue of $35.2m

Affiliate Gambling.com Group has unveiled its preliminary Q4 & FY2024 financial statistics, highlighting an 8% revenue rise year-over-year to $35.2m during Q4 – alongside a FY24 revenue of $127.1m. 

Q4 2024 

Regarding the final quarter of the year, Gambling.com’s revenue rose by 8% from the $32.5m generated the year prior, with net income also rising by 19.7% year-over-year to a figure of $7.8m.  

Elsewhere, adjusted EBITDA figures hit $14.7m for the quarter, up by 33% year-over-year, paired with an EBITDA margin which settled at 42%. Further, cash flow generated by operating activities was $13.6m, up 65.4%. Free cash flow also reached $13.1m. In comparison to results from Q3 2024, revenue for the final quarter of the year was also up by 9.2%.  

Commenting on the company’s latest financials, Gambling.com Group Co-Founder and CEO, Charles Gillespie, said, “Our preliminary, record 2024 fourth quarter and full year results surpassed expectations due to our relentless focus on execution and the ability of our global portfolio of websites to continuously drive valuable, high intent traffic to our customers in a capital efficient manner.  

“Our operating performance continues to be led by the strong growth trajectory and attractive unit economics of iGaming revenue across all our operating regions. As reflected in our initial revenue and adjusted EBITDA guidance for 2025, we are confident that our great positioning will drive yet another year of record performance with impressive continued revenue, adjusted EBITDA and free cash flow growth.” 

Good to know: It was a busy end to the year for Gambling.com, with the affiliate announcing its $80m acquisition of Odds Holdings in December  

FY 2024  

Regarding the company’s full year outlook, Gambling.com’s revenue also rose year-over-year by 15.6% to a figure of $127.1m for 2024. Further, this rise paired with a 50% upswing in net income when compared to results from the end of 2023 – as the group’s FY24 net income figure settled at $30.5m.  

Adjusted EBITDA also experienced a healthy rise of 128.3% in comparison to last year’s results, hitting $48.5m for FY24 and complemented by and adjusted EBITDA margin of 38%. Now, following these latest financials, Gambling.com has introduced its full-year guidance for 2025, setting a revenue prediction of between $170m and $174m, alongside an EBITDA of between $67m and $69m.  

Further, the affiliate’s full Q4 & FY2024 financial update is set to be released on Thursday March 20 at 8am ET.  

Will Underwood

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