Gambling.com Group reports $35.3m in Q4 2024 revenue
The company reported growth in several areas during the quarter.
Key Points
- Revenue for the quarter rose by 9% when compared to last year’s results
- Gross profit in Q4 increased by 21%
Gambling.com Group Limited has released its fourth quarter results for 2024.
Fourth-quarter revenue reached $35.3m, reflecting an increase of 9% when compared to results posted one year ago.
Adjusted EBITDA grew by 39% year-over-year during the quarter and reached $14.7m.
The company reported $7.9m in net income attributable to its shareholders in Q4, up by 24% year-over-year.
Gross profit rose by 21% to reach $33.1m for the quarter. The company attributed this to “strong revenue growth and a $2.9m year-over-year decrease in cost of sales related to the Company’s media partnerships.”
CEO Charles Gillespie further discussed the quarter’s results by saying, “Our record fourth quarter and full-year results were driven by our team’s prioritization of iGaming across the markets where we operate. Our team delivered outstanding performance in the quarter, especially when compared to the launch driven results in the prior-year period.
“We anticipate growth and continued market share gains in our performance marketing business across all geographic regions in 2025, including North America. The consolidation of Odds Holdings, Inc. from January 1st marks the start of the Company’s next phase of growth as we layer on sports data solutions to our existing, high-growth, high-margin business. Our competitive positioning is strong across the globe.”
Company CFO Elas Mark also outlined the company’s direction moving forward.
He said, “As expected, we generated strong online casino growth across all our geographical regions, while our North American business continued to be resilient against challenging comparables.
“As reflected in our full-year guidance, we expect to generate significant year-over-year revenue and adjusted EBITDA growth in 2025, and we are well-positioned to carry this operating momentum forward.”
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