Published
FinancialAffiliate

Gambling.com revenue and profit soar for 2018

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

gamblingcomcharlesgillespie

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.”


Affiliate News Sponsor
Premium+ Connections
Premium

Sport Generate

 
Premium

RISK

 
 
Premium

Galaxsys

 
Premium

Revsharks

 
Premium

Imagine Live

 
Premium

1xBet Partners

 
Premium

Lynon

 
Premium

PIN-UP Partners

 
Premium

Digitain

 
Premium

GammaStack

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...