× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
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
IN-DEPTH 18 February 2020
A decade to remember

1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
Systems and Software
The Leading iGaming Software Supplier in Asia
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...