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Investing.com -- Gambling.com Group Limited (NASDAQ:GAMB) reported first-quarter earnings that surpassed analyst expectations, sending its shares up 2.7% in response to the positive results.
The online gambling marketing and sports data services provider posted adjusted earnings per share of $0.46, significantly beating the analyst consensus of $0.24. Revenue for the quarter reached a record $40.6 million, slightly above estimates of $40.38 million and up 39% YoY.
Gambling.com Group delivered over 138,000 new depositing customers in the quarter, a 29% increase from the same period last year. The company’s marketing services revenue grew 13% YoY to $30.7 million, while sports data services revenue surged 405% to $9.9 million, primarily due to the acquisition of OddsJam and OpticOdds on January 1.
"We entered 2025 with our marketing business at all-time highs and with an expanded suite of sports data services," said Charles Gillespie, CEO and Co-Founder of Gambling.com Group. "We continue to expect 2025 to be another year of record revenue, Adjusted EBITDA and Free Cash Flow."
The company reiterated its full-year 2025 guidance, projecting revenue between $170 million and $174 million and adjusted EBITDA of $67 million to $69 million. This outlook represents YoY growth of 35% and 40% respectively at the midpoint.
Adjusted EBITDA for the first quarter increased 56% to $15.9 million, with a margin of 39% compared to 35% in the prior-year period. Free cash flow rose 25% to $10.3 million.
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