Gambling.com Confirms Strong Q4, Expects Continued Momentum
Gaming industry affiliate services provider Gambling.com has published its official Q4 and 2024 report, showing results that were mostly consistent with the figures outlined in its earlier preliminary report. The company reiterated its optimistic 2025 revenue and EBITDA outlook, expressing confidence in its position.
The Company’s Results Are Consistent with Its Preliminary Report
The company’s revenue for the three months ended December 31 reached $35.3 million, mostly consistent with the figures provided in the earlier report. This was likewise the case with its net income, which reached $7.9 million for the same period.
Gross profits increased to $33.1 million thanks to the increase in revenue. The total operating expenses, meanwhile, increased 21% to $23.3 million because of increased people costs and higher amortization related to the acquisition of Freebets.com.
In addition to that, Gambling.com reported adjusted EBITDA of $14.7 million for Q4. Adjusted EBITDA margin for the period reached 42%.
Cash flow generated from operating activities during this three-month period stood at $13.7 million. The company also reported a free cash flow of $13.2 million.
Gambling.com Reiterated Its Guidance
The company addressed its earlier outlook, confirming the figures in its preliminary report. This means that the company expects its revenue for 2025 to reach $170-174 million and adjusted EBITDA to reach $67-69 million.
The midpoints of these metrics would represent revenue growth of 35% and adjusted EBITDA growth of 40%. The report would also mean an adjusted EBITDA margin of 39.5%.
Gambling.com added that these figures assume incremental adjusted EBITDA contributions of $14.5 million from the recently completed acquisition of Odds Holdings, no additional NA iGaming launches in 2025, and an average EUR/USD exchange rate of 1.07 throughout the year.
Other Q4 and Post-Period Highlights
Gambling.com also highlighted some of its Q4 and post-period achievements, saying that it has delivered more than 145,000 new depositing customers.
In addition to that, the company repurchased 486,312 shares for an average price of $9.80 apiece.
In Q4, Gambling.com also succeeded in scooping up the Casino Affiliate of the Year award at the 2024 EGR Operator Awards.
Gambling.com furthermore extended its credit facility to $165 million with a new syndicate. On January 1, the company struck a deal to acquire Odds Holdings.
Executives Are Pleased with the Progress
Executives commented on the results, praising the group’s performance. Charles Gillespie, co-founder and CEO of Gambling.com Group, said that the strong results were driven by the company’s iGaming-centered approach and the outstanding performance of its team.
We capped an active and productive year during which we set the stage for continued strong growth in 2025 and beyond.
Charles Gillespie, co-founder & CEO, Gambling.com
Gillespie added that the business expects further growth across all geographic regions in 2025.
In the meantime, Elias Mark, the company’s CFO, added that the company’s strong performance aligned with its expectations. He added that the company expects to continue to excel in 2025 and forward.
