Gambling.com Group has posted record revenue of $40.6m (£30.5m) for the opening quarter of 2025, with bosses hailing growth across all segments of the business.
The affiliate’s top-line figure marked a 39% year-on-year (YOY) climb compared to the $29.2m generated in the same quarter in 2024.
Adjusted EBITDA saw an even steeper climb of 56% YOY to sit at $15.9m, alongside a corresponding margin of 39%, which represented a company record for the metric.
Net income leapt 54% YOY from $7.3m to $11.2m, while free cash flow reported a rise of 25%, totaling $10.3m, up from $8.2m in the opening quarter of 2024.
The results have had a positive effect on the affiliate’s stock, with Gambling.com Group shares currently showing a near 4% increase in pre-market trading today, to be valued at $14.72 per share.
Gambling.com Group also recorded more than 138,000 new depositing customers (NDCs) during the reporting period, a 29% YOY climb.
Geographically, North America contributed the lion’s share of the affiliate’s revenue, amassing $21m for the quarter, a rise of 42% YOY.
Its UK and Ireland (UK&I) arm also reported a 24% climb to total $11.1m, while revenue from the firm’s other European markets surged 54% to return $5.9m.
Rest of the world revenue produced the steepest YOY increase of all, rising 63% to $2.6m.
By vertical, Gambling.com Group’s casino division proved the most fruitful in Q1, with the segment recording a 24% YOY uptick from $19.8m to $24.5m.
However, the group’s sports betting arm put in a significantly improved performance, growing 68% to $15.4m, up from the $9.1m produced in Q1 2024.
The Nasdaq-listed outfit’s subscription revenue skyrocketed 405% YOY to come in at $9.9m, but its performance marketing efforts remained the largest driver, generating $25.7m, up 10% YOY.
Advertising and other revenues ticked upwards 29% to sit at $5m.
However, Gambling.com Group noted that operating expenses had risen drastically by 49% YOY, coming in at $28.4m, with bosses attributing the climb to both increased personnel costs as well as the amortization impact that came with acquiring Freebets.com and Odds Holdings in April 2024 and January 2025, respectively.
The group purchased Freebets.com and related assets from XLMedia for an initial fee of $37.5m.
Meanwhile, the acquisition of Odds Holdings was completed at the beginning of the reporting period, as part of a deal that cost the affiliate $70m in cash and $10m in ordinary shares.
Despite posting record quarterly revenue, management has opted to reaffirm, rather than upgrade, its full-year 2025 guidance.
The company confirmed it expects full-year revenue to land in the $170m to $174m range, while adjusted EBITDA is likely to be between $67m and $69m.
The forecasted figures would represent growth of 35% and 40%, respectively.
Reflecting on the full-year 2025 estimates, CEO Charles Gillespie said: “We are reiterating our full-year 2025 guidance despite the unpredictable macro environment, as our services address critical problems for all our customers and our industry is typically insulated from the gyrations of the global economy.
“We continue to expect 2025 to be another year of record revenue, adjusted EBITDA, and free cash flow as we leverage the skills and expertise of our talented team with a larger product offering to drive growth across all our reporting regions. Each day we are moving closer to our goal of generating $100m in annual adjusted EBITDA.”
The post Gambling.com Group posts record revenue and EBITDA in Q1 first appeared on EGR Intel.
Affiliate reports top-line growth of 39%, with several key metrics on the rise as gains made across the US, UK&I and rest of world
The post Gambling.com Group posts record revenue and EBITDA in Q1 first appeared on EGR Intel.