Gambling.com Group has reported that “significant growth” in its sports data arm drove revenue and adjusted EBITDA in Q4 2025 to new highs for a three-month period at the affiliate business.
Revenue amounted to $46.2m (£34.5m), which was an increase of 31% year on year (YoY), while adjusted EBITDA rose 5% to $15.5m, the New York-listed company announced in results published today, 12 March.
It meant EBITDA margin came in at 33%, though this was down on the 42% achieved in the same period in 2024.
The fall was blamed on higher cost of sales and marketing expenses “associated with diversification initiatives for the marketing business”.
Pointing to the sports data services business, management said the division grew 29% quarter on quarter to $11.8m and accounted for 26% of overall revenue, its highest share to date.
On a yearly basis, revenue from sports data services surged 440% YoY, thanks largely to the contribution of OpticOdds and OddsJam.
Marketing revenue increased 15% YoY to $34.4m on a sequential basis. Meanwhile, revenue not dependent on SEO surpassed revenue from SEO for the first time in Gambling.com Group’s history.
Gross profit rose 19% YoY to $39.3m, while there were 98,000 new depositing customers (NDCs) in the final three months of 2025.
On a full-year basis, revenue climbed 30% to $165.4m and adjusted EBITDA increased 19% to $58m, the earnings release revealed.
As for 2026, the company is guiding full-year revenue to land between $170m and $180m, with adjusted EBITDA of $50m to $58m.
However, bosses said guidance is partly based on revenue and adjusted EBITDA being negatively impacted by “continued poor search dynamics and regulatory headwinds in the UK”.
Furthermore, higher-than-expected increases in gaming duty in the UK will impact player values and volume, while new regulations in Finland are expected to impact marketing performance.
The adjusted EBITDA margin of around 30% for full-year 2026 reflects continued investments to diversify the marketing arm, investment in sports data services and rollout of new products, the firm noted.
CEO and co-founder Charles Gillespie said: “We expect full-year top-line growth to be led by OpticOdds, our enterprise sports data services business.
“The focus for 2026 will be on increasing our coverage of different sports and leagues to better address the needs of operators outside the US while also developing innovative new features for our anchor customers here in the US.
“Over the last several years we have significantly diversified our sources of revenue and the number of markets we address.
“This has positioned Gambling.com Group with a sports data services business which is fast growing, high-margin, high-visibility and powered by recurring subscription revenue – on top of a marketing business that, thanks to channel diversification and CRM, remains resilient and will continue to deliver significant free cash flow for many years to come.”
Gambling.com Group operates affiliate brands including Gambling.com, Bookies.com, Casinos.com and FreeBets.com.
The company’s Q4 2025 earnings call is scheduled for later today.
Gambling.com Group shares are down 22% so far in 2026 to $4.14.
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Affiliate says “continued poor search dynamics and regulatory headwinds in the UK” will impact top- and bottom-line performance this year
The post Gambling.com Group reports record revenue of $46m for Q4 2025 first appeared on EGR Intel.