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Sep 30, 2025
Gambling.com Q3 2025 Earnings Report
Gambling.com reported a record Q3 2025 revenue but swung to a net loss due to increased costs and fair value adjustments.
Key Takeaways
The company delivered record revenue driven by growth in sports data services, but incurred a net loss due to increased operating expenses and fair value movements.
Revenue reached a record $38.98M, up from $32.12M in Q3 2024.
Net loss was $3.86M, compared to $8.51M net income in Q3 2024.
Adjusted EBITDA hit a Q3 record of $13.01M despite margin decline.
Sports data services revenue grew over 300% YoY, contributing 24% of total revenue.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
FY2025 guidance was revised downward due to ongoing poor organic search trends affecting the marketing business.
Positive Outlook
- Revenue expected to grow 30% YoY to approximately $165M
- Adjusted EBITDA expected to reach approximately $58M
- Strong performance from sports data services continues
- Ongoing investment in traffic diversification strategy
- Strong cash generation supports continued growth initiatives
Challenges Ahead
- Marketing business faces headwinds from low-quality search results
- Spam websites have continued to impact organic traffic longer than expected
- Full recovery in marketing is now expected in 2026
- Increased cost of sales due to traffic diversification efforts
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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