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NEWS 27 February 2019

Gambling.com revenue and profit soar for 2018

By Tim Poole

Gambling.com has reported a 63% increase in revenue to €16.2m ($18.6m) for 2018.

Of this growth, 37% was organic, while the affiliate network’s adjusted EBITDA excluding non-recurring costs rose 84% to €5.8m.

Overall EBITDA increased 69% for the full year, to €5m, corresponding to an EBITDA margin of 31% - which rose 1% from 2017.

Gambling.com was also able to report a growth in new depositing customers of 106% to 74,838.

Meanwhile, operating profit rose 65% to €4.3m and total comprehensive profit for the period was €5.4m, as opposed to a €4.7m loss in 2017.

During Q4, revenue increased 81% year-on-year to €4.6m, with 62% of this growth being organic.

Q4 EBITDA was up 93% to $1.44m, corresponding to an EBITDA margin of 29% - rising 2% from the margin in Q4 2017.

However, discussing significant events after the reporting period, Gambling.com was keen to mention the Department of Justice’s re-interpretation of the Wire Act and the potential "headwinds" this could create in the US.

Charles Gillespie, Gambling.com Group CEO, said: "The group delivered, again, a record quarter in terms of revenue, EBITDA and adjusted EBITDA as a result of substantial, ongoing organic revenue growth amounting to 62% for the fourth quarter and 37% for the full year.

“The [overall] growth was driven by organic growth in combination with acquisitions.”

RELATED TAGS: Financial | Affiliate
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