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.”

Premium+ Connections
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...