Welcome to our dedicated page for Gambling.Com Group news (Ticker: GAMB), a resource for investors and traders seeking the latest updates and insights on Gambling.Com Group stock.
Overview
Gambling.com Group Ltd (GAMB) is a multi-award-winning performance marketing company that specializes in digital marketing services for the online gambling industry. With a primary focus on online casino, sports betting, and fantasy sports segments, the company uses a performance-based model to generate revenue by referring online gamblers to a wide range of gambling operators. Its practices incorporate advanced digital marketing strategies and data analytics, enabling it to optimize referral success and drive measurable outcomes.
Core Business Areas
The operations of Gambling.com Group Ltd are centered on two primary divisions:
- Performance Marketing: This division focuses on establishing performance-driven campaigns that connect online gamblers with trusted gambling operators. The company’s model ensures that its revenue is directly linked to the successful conversion of leads into customer activity.
- Digital Marketing Services: Complementing its performance marketing, the company offers an array of digital marketing solutions. These services include affiliate management and highly targeted digital strategies designed to enhance brand visibility and user engagement within the crowded online gambling market.
Industry Context and Market Position
Situated within the dynamic and competitive online gambling landscape, Gambling.com Group Ltd operates amidst evolving regulations and a rapidly changing digital environment. The company leverages comprehensive performance marketing insights and robust data analytics to stay ahead in a market characterized by significant competition and diverse consumer behaviors. Its approach to integrating performance outcomes with digital strategies allows it to maintain a solid market presence and build credibility with both gambling operators and digital consumers.
Business Model and Value Proposition
The foundation of Gambling.com Group Ltd's business model lies in its performance-based revenue generation. By aligning its interests closely with those of its partner operators, the company maximizes efficiency and accountability. Its digital marketing services are supported by innovative tools and analytics that ensure each campaign is finely tuned to generate optimal referral rates and measurable conversion metrics. This approach not only underscores the value proposition of measurable results but also reinforces the company’s commitment to delivering high-impact digital solutions.
Competitive Landscape
In the fierce market of online gambling marketing, Gambling.com Group Ltd differentiates itself by employing data-centric methodologies that emphasize transparency and strategic analytics. The company competes with other digital marketing firms and affiliate networks by consistently focusing on delivering precise performance results. Its award-winning strategies and proven digital marketing services create a distinctive profile that resonates with stakeholders looking for effective performance marketing in the online gambling space.
Expertise and Operational Excellence
At the heart of the company is a team of seasoned marketing experts who bring a deep understanding of both digital trends and the specifics of the online gambling industry. This operational expertise is evident in the firm’s ability to adapt strategies quickly, implement innovative digital solutions, and maintain robust performance tracking. The company’s track record of awards further reinforces its reputation for excellence in performance marketing and digital innovation.
Customer and Market Segments
Gambling.com Group Ltd serves a diverse clientele that includes online gambling operators and digital platforms aiming to enhance their customer acquisition strategies. Its services are tailored to address the unique needs of various market segments, ranging from well-established online casino brands to emerging sports betting platforms. The company’s focus on performance-based referrals ensures that all its engagements are oriented towards measurable success and strategic market penetration.
Conclusion
Gambling.com Group Ltd embodies a sophisticated blend of digital marketing acumen and performance-driven strategies within the online gambling industry. Through its comprehensive suite of services, the company demonstrates a high level of expertise and a deep commitment to operational excellence. By effectively bridging the gap between digital consumer demand and online gambling operators, Gambling.com Group Ltd remains a significant and trusted intermediary within its industry, offering a clear value proposition built on measurable and data-backed results.
Gambling.com Group (GAMB) reported strong Q4 and full-year 2024 results, with Q4 revenue increasing 9% to $35.3 million and Adjusted EBITDA growing 39% to $14.7 million. The company delivered over 145,000 new depositing customers (NDCs), though this represented a 9% year-over-year decrease due to challenging comparisons from ESPNBet's launch in 2023.
Full-year 2024 showed impressive growth with revenue up 17%, Adjusted EBITDA up 33%, and Free Cash Flow increasing 81% year-over-year. The company completed the acquisition of Odds Holdings, Inc. on January 1, 2025, for $70 million in cash and $10 million in shares.
For 2025, Gambling.com Group projects revenue of $170-174 million and Adjusted EBITDA of $67-69 million, representing year-over-year growth of 35% and 40% respectively at the midpoints. The guidance includes expected Adjusted EBITDA contributions of approximately $14.5 million from the Odds Holdings acquisition.
Gambling.com Group (GAMB) has expanded its credit facility from $100 million to $165 million through an amendment with Wells Fargo Bank. The enhanced facility consists of a $90 million revolving credit facility and a $75 million term loan facility, with maturity extended to February 28, 2028.
The amendment increases the uncommitted incremental facilities cap from $10 million to $50 million and establishes a syndicate of lenders including Wells Fargo, Axos Bank, First-Citizens Bank and Trust Company, Citibank, Texas Capital Bank, and Comerica Bank. The expanded credit facility aims to strengthen the company's financial position and support organic growth and strategic acquisition initiatives.
Gambling.com Group (NASDAQ: GAMB) has announced preliminary record results for Q4 2024, with revenue reaching approximately $35.2 million, net income of $7.8 million, and Adjusted EBITDA of $14.7 million with a 42% margin.
For the full year 2024, the company reported preliminary revenue of $127.1 million, net income of $30.5 million, and Adjusted EBITDA of $48.5 million with a 38% margin. Operating cash flow was approximately $37.6 million, with Free Cash Flow of $41.5 million.
The company has introduced 2025 guidance projecting revenue between $170-174 million and Adjusted EBITDA between $67-69 million, including approximately $14.5 million in Adjusted EBITDA contributions from the Odds Holdings acquisition completed on January 1, 2025.
Gambling.com Group (GAMB) has successfully completed its acquisition of Odds Holdings, Inc., the parent company of OddsJam, on January 1, 2025. The acquisition was executed according to plan and schedule, demonstrating the company's efficiency in completing strategic transactions.
The deal expands Gambling.com Group's presence in the online gambling sector by adding new revenue streams from consumer subscriptions and enterprise clients. The integration of Odds Holdings' platform, featuring real-time odds data technology, strengthens GAMB's position in the global online gambling ecosystem.
Gambling.com Group (GAMB) has entered into a definitive agreement to acquire Odds Holdings, parent company of OddsJam, for an initial consideration of $80 million with potential additional payments up to $80 million based on performance through 2026. The transaction, expected to close on January 1, 2025, will be immediately accretive to GAMB's operating results.
Odds Holdings' platform processes over one million requests per second across nearly 300 sportsbooks, offering real-time odds data services. For 2024, Odds Holdings projects revenue of $26 million and Adjusted EBITDA of $12 million, with expected EBITDA growth of at least 20% in 2025. The initial $80 million purchase includes $70 million in cash and $10 million in GAMB shares, funded through an expanded credit facility.
Gambling.com Group (GAMB) reported strong Q3 2024 results with record revenue of $32.1 million, up 37% year-over-year. Net income rose 70% to $8.5 million, while Adjusted EBITDA more than doubled to $12.6 million. The company delivered over 116,000 new depositing customers, a 35% increase from the previous year. Based on strong performance, management raised full-year 2024 guidance to revenue of $125-127 million and Adjusted EBITDA of $46.5-48.5 million, representing growth of 16% and 29% respectively at midpoint.
Sportradar has secured two major wins at the 2024 American Gambling Awards, claiming both Betting Product of the Year for its 4Sight technology and Data Service Provider of the Year. The awards, presented by Gambling.com Group (GAMB), recognize excellence in the U.S. online gambling sector.
4Sight enhances sports streaming through AI-powered real-time animated overlays and insights within live sports streams, currently available for NBA, ATP Tennis, and Table Tennis. As Data Service Provider of the Year, Sportradar was acknowledged for delivering real-time data across 92 sports and nearly one million matches annually to over 800 global sportsbook clients.
Nuvei (Nasdaq: NVEI) (TSX: NVEI) has been named Payment Service Provider of the Year for the 2024 American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB). This accolade highlights Nuvei's leadership in iGaming payment solutions and its commitment to empowering operators in the regulated U.S. online gambling industry.
With over 20 years of expertise, Nuvei offers innovative payment solutions tailored to the highly regulated U.S. market, connecting operators to over 200 local acquirers and more than 700 alternative payment methods. The company's services address critical challenges such as regulatory compliance and optimization of player engagement.
Nuvei's adoption of Open Banking through its Instant Bank Transfer platform, powered by Clearing House's RTP Network, showcases its commitment to addressing key operator payment challenges, including speed, reliability, and user experience.
The American Gambling Awards has named Amy Howe, FanDuel Group CEO, as the C-Suite Executive of the Year for 2024. Since taking the role in 2021, Howe has driven significant growth and innovation at FanDuel. Under her leadership, the company launched the Women's Leadership Development Program and introduced The Pulse, an innovative real-time betting experience.
FanDuel became the first online sportsbook to achieve EBITDA profitability under Howe's guidance. She has also strengthened partnerships with major leagues like the NFL, NBA, WNBA, and MLB, offering exclusive streaming access to fans. The American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB), recognize excellence in the U.S. online gambling industry.
The American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB), has named Deutsche Bank and Macquarie Capital as co-winners of the Dealmaker of the Year award for 2024. This recognition is for their joint role as lead financial advisors on the $6.3 billion sale of International Game Technology's (IGT) Gaming and Digital Business to Apollo Funds in July 2024.
The transaction, which replaced a previously announced spin-off and merger with Everi Holdings, resulted from a strategic review initiated by IGT's Board in June 2023. It redefined IGT's future as a pure-play global lottery operator and showcased the winners' expertise in executing complex, cross-border deals in the gaming sector.
This marks Deutsche Bank's second time receiving this award, having first won in 2022. The American Gambling Awards are recognized as a benchmark for excellence in the regulated U.S. online gambling industry.
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