Gambling.com has released its preliminary financial results for FY24 and the fourth quarter of 2024.
Fourth quarter revenue totaled $35.2 million, an 8.3% increase year-over-year, with adjusted EBITDA totaling $14.7 million, up 38.7%.
Net income totaled $7.8 million, an increase of approximately $1.4 million from the same period last year.
Total annual revenue was $127.1 million, up 16.9% from $108.7 million in FY23. Net income growth was even more rapid, increasing 66.7% to $30.5 million from $18.3 million reported in the same period last year. However, this growth rate was only one-tenth of that from Q4 2022 to Q4 2023, when net income grew by 664%.
Regarding the performance, Charles Gillespie, Co-founder and CEO of Gambling.com Group, stated: "Our record-breaking preliminary results for Q4 and the full year of 2024 exceeded expectations, thanks to our relentless focus on execution and our global website portfolio's ability to continuously deliver valuable, high-intent traffic in a capital-efficient manner.
"Our operational performance continues to be led by strong growth trajectories in iGaming revenue across all operational regions and attractive unit economics. As reflected in our initial revenue and adjusted EBITDA guidance for 2025, we believe our excellent positioning will drive another year of impressive revenue, adjusted EBITDA, and free cash flow growth."
