Key points:
- Gambling.com Group reported record financial results in Q4 and full-year 2024, with revenue up 17% annually
- The company completed key acquisitions, strengthening its market position
- 2025 guidance projects 35% revenue growth and 40% Adjusted EBITDA growth, with a focus on expanding profitability
Gambling.com Group has announced its financial results for the fourth quarter and full year of 2024.
For the fourth quarter, revenue increased by 9% year-over-year to $35.3m, while net income attributable to shareholders rose 24% to $7.9m.
Adjusted EBITDA saw particularly significant growth of 39%, reaching $14.7m with a margin of 42%.
The company also recorded a 102% increase in free cash flow, reflecting its ability to convert earnings into liquidity efficiently.
On an annual basis, Gambling.com Group reported a 17% rise in revenue, reaching $127.2m, while net income surged by 68% to $30.7m and adjusted EBITDA climbed 33% to $48.7m.
Looking ahead, the company has set ambitious targets for 2025. Gambling.com Group expects full-year revenue of $170m to $174m, representing a 35% year-over-year increase, while adjusted EBITDA is projected to rise by 40% to a range of $67m to $69m.
Commenting on these results, CEO Charles Gillespie stated: “Our record fourth quarter and full-year results were driven by our team’s prioritisation 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.
Good to know: The integration of Odds Holdings, completed in January 2025, is expected to contribute approximately $14.5m in incremental adjusted EBITDA
“We anticipate growth and continued market share gains in our performance marketing business across all geographic regions in 2025, including North America. Our competitive positioning is strong across the globe.”
CFO Elias Mark added: “Fourth quarter revenue and adjusted EBITDA increased 9% and 39% year-over-year, respectively, and over 80% of Adjusted EBITDA converted to free cash flow, reflecting the continued success of our strategies to optimise the returns from our global portfolio of owned and operated assets.
“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.”
