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NEWS 21 August 2019

Gambling.com continues on growth trajectory as Q2 revenue improves

By Matthew Enderby

Gambling.com Group generated revenue of €4.4m ($4.8m) for Q2, a 17% increase year-on-year, which the affiliate describes as being all organic.

This brings revenue for H1 to €9.7m, up 34%, with an organic rate of 33%.

Adjusted Q2 EBITDA, excluding non-recurring costs, totalled €990,000, a decrease of 29%, corresponding to an EBITDA margin of 21%.

Net cash generated from operating activities was €1.6m and new depositing customers grew 22% to 19,487.

For H1, the affiliate reported adjusted EBITDA excluding non-recurring costs increased 2% to €2.8m, corresponding to an adjusted EBITDA margin of 28%.

New depositing customers rose 46% to 46,752 and net cash made from operations was €2.67m, up 12%.

Outside the second quarter, Gambling.com received approval from the Pennsylvania Gaming Control Board and the West Virginia Lottery to provide services to operators in the respective states.

The company also opened its second US office, in Charlotte, North Carolina.   

Gambling.com Group CEO Charles Gillespie said the company is continuing on its growth trajectory, despite regulatory headwinds.

RELATED TAGS: Online | Industry | Marketing | Financial | Affiliate
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