Key points:
- Preliminary results stated revenue for Q4 at $35.2m, while adjusted EBITDA came to $14.7m
- Under these results, Q4 revenue, adjusted EBITDA and net income were up year-on-year
- The affiliate also posted preliminary FY24 results, with revenue totalling $127.1m
Gambling.com has released its preliminary financial results for the FY24 period, as well as its Q4 2024 results.
Q4 revenue totalled $35.2m, up 8.3% year-on-year, while adjusted EBITDA totalled $14.7m, up 38.7%.
Net income totalled $7.8m, an increase of roughly $1.4m from last year's results.
For the full year, revenue came to $127.1m, up 16.9%, from the $108.7m reported for FY23. Net income saw an ever sharper increase in revenue, up 66.7% to $30.5m compared to the $18.3m reported this time last year. However, this rate of growth is only a tenth of what was recorded between Q4 2022 and Q4 2023, when net income rose 664%.
Note: FY24 results are preliminary. Finalised results are set to be published 20 March 2025.
At the time of writing (12.30pm GMT), Gambling.com’s stocks have yet to open to the market. Their value currently remains at $16.56.
On the results, 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.”
