Affiliate business Gambling.com Group has reported a record $35.2 million in revenue for the fourth quarter of 2024. The group’s net income reached $7.8 million, while adjusted EBITDA totaled $14.7 million with a 42% margin.
For full-year 2024, revenue totaled $127.1 million, with $30.5 million in net income and $48.5 million in adjusted EBITDA, reflecting a 38% margin.
CEO Charles Gillespie credited strong execution and efficient traffic generation for the record performance: “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,” he added.
For 2025, the company expects revenue between $170 million and $174 million and adjusted EBITDA between $67 million and $69 million, including $14.5 million from the purchase of Odds Holdings, the parent company of OddsJam, in January 2025.
In its 2025 guidance, the company has not factored in potential revenue from new state launches, including Missouri, until regulatory approval and start dates are confirmed.
“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,” said Gillespie.
Original article: https://www.yogonet.com/international/news/2025/02/20/95761-gamblingcom-group-posts-record-revenue-of-352-million-in-q4-2024
