US performance exceeds expectations for a 37% rise in Gambling.com Group’s Q3 2021 revenue
Gambling.com Group has seen its revenue grow by 37% in the third quarter of this year, climbing to $10.1m.
Off the back of the “quiet summer months”, Gambling.com reported “all-time-high revenue” in September driven by the kick-off of the NFL season and the launch of online sports betting in Arizona.
In line with this, the company’s North American revenue climbed by 110% to $2.3m for the three-month period, though its UK and Ireland operations remained on top overall. In the third quarter, this area brought in $4.5m, experiencing a modest 4% bump from last year.
Moreover, Gambling.com’s sports segment grew considerably in Q3, which can also be credited to September coinciding with the high season for US sports. It rose from $858,000 in 2020 to over $2m by the end of the third quarter 2021 — a 142% increase.
While it did not experience as impressive growth, revenue from the group’s casino segment amounted to more than three quarters of the period’s total, generating $7.9m.
According to Gambling.com’s CEO and Co-founder Charles Gillespie, its US performance exceeded internal expectations, and he remained optimistic going into the fourth and final quarter of the full year.
“With the launch of Arizona and the kick-off of the NFL season, we saw a significant uplift in US revenue in September and our US performance exceeded our internal expectations,” remarked Gillespie.
“Entering the quarter with good momentum we are encouraged by the start to our seasonally stronger fourth quarter. We remain highly focused on prudently growing the company through both sustained organic growth and future accretive acquisitions which we continue to actively pursue.”
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