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Dec 31, 2024
Gambling.com Q4 2024 Earnings Report
Gambling.com Group reported record Q4 2024 results with strong revenue and profit growth driven by iGaming focus and optimized asset returns.
Key Takeaways
Gambling.com Group delivered Q4 2024 revenue of $35.31 million, up 9% year-over-year. Net income attributable to shareholders rose to $7.93 million, with diluted EPS of $0.23. Adjusted net income reached $12.17 million, and adjusted diluted EPS was $0.35. The company showed solid operating cash flow and strong margin expansion.
Q4 revenue grew 9% year-over-year to $35.31 million.
Net income for the quarter was $7.93 million, with a net income margin of 22%.
Adjusted EBITDA increased 39% to $14.74 million with a 42% margin.
Free cash flow doubled year-over-year to $13.16 million.
Gambling.com
Gambling.com
Gambling.com Revenue by Segment
Gambling.com Revenue by Geographic Location
Revenue by Segment
Casino Revenue
CapyFin.comSports Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comUK and Ireland Revenue
CapyFin.comOther Europe Revenue
CapyFin.comRest of the World Revenue
CapyFin.com Forward Guidance
For FY2025, Gambling.com Group expects revenue between $170 million and $174 million, and Adjusted EBITDA between $67 million and $69 million, indicating robust growth.
Positive Outlook
- Full-year revenue expected to grow by 35%.
- Adjusted EBITDA guidance implies 40% growth year-over-year.
- Solid contribution from recently acquired Odds Holdings, Inc.
- Continued resilience expected in North America despite tough comps.
- Strong operating momentum with an enhanced product offering.
Challenges Ahead
- Guidance excludes potential impact from new North American market launches until definitive announcements.
- Challenging year-over-year comparisons due to large prior launches like ESPNBet.
- Higher amortization costs from acquisitions may pressure margins.
- Continued foreign exchange fluctuations could impact results.
- Increased competition in key European markets remains a risk factor.
Revenue & Expenses
Visualization of income flow from segment revenue to net income