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NEWS 22 May 2019

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."

RELATED TAGS: Financial | Affiliate
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