Gambling.com Q4 2024 Earnings Report
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
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