Gambling.com Group Q1 revenue and EBITDA rise significantly

By Tim Poole

Gambling.com Group has reported a 52% year-on-year rise in Q1 revenue to €5.2m ($5.8m).

Ninety-eight percent of the affiliate’s growth was organic, while it also enjoyed a 66% increase in new depositing customers to 26,524.

Adjusted EBITDA, excluding non-recurring costs, was up 33% to €1.8m, although Gambling.com's adjusted EBITDA margin dropped from 38% to 33%.

EBITDA (as opposed to adjusted EBITDA) also totalled €1.8m, up 76%, with the EBITDA margin rising from 29% to 33%.

During the trading period, Gambling.com was granted approval by the New Jersey Division of Gaming Enforcement to expand business deals with operators to include revenue sharing components.

CEO Charles Gillespie said: "The Group delivered yet another record quarter. Virtually all of the revenue growth was organic. Q1 EBITDA was also a record."

TAGS:

Share This Post


NEWS SPONSOR

More News

A case against Betfred has seen an application for summary judgment before a High Court judge in October. In November 2018, solicitor Peter Coyle spoke exclusively to Gambling Insider...




From dealing with customers stuck in a lift, to approaching seven years as AGS president and CEO, David Lopez reflects with Tim Poole on the career lessons he’s learned, the mentors...