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Gambling.com Group Limited (symbol: GAMB) is a multi-award-winning performance marketing company and a prominent provider of digital marketing services within the online gambling industry. Founded in 2006, Gambling.com Group has established itself as a key player in the realm of digital marketing, operating from offices in both North America and Europe.
The company's core business is divided into two principal segments: affiliate marketing and Software as a Service (SaaS) tools for affiliate marketers. These divisions allow Gambling.com Group to effectively cater to online gamblers and gambling operators by offering a range of marketing and technological solutions. The company generates revenue primarily by referring online gamblers to various online gambling operators.
Gambling.com Group focuses on several key areas within the online gambling sector, including online casino gaming, online sports betting, and the fantasy sports industry. Their expertise and innovative strategies have earned them numerous awards and recognition within the industry.
Recent achievements of Gambling.com Group include significant advancements in their digital marketing services and the successful expansion of their affiliate marketing platform. These milestones have positioned the company to take advantage of the growing online gambling market, reinforcing their commitment to delivering high-quality, performance-driven marketing solutions.
The company maintains strategic partnerships with leading gambling operators, enhancing their ability to provide valuable traffic and customer acquisition services. By leveraging these partnerships, Gambling.com Group continues to solidify its reputation as a trusted and effective marketing partner in the gambling industry.
Financially, Gambling.com Group has demonstrated robust performance, with a notable market capitalization and consistent revenue growth. The company's ability to adapt and innovate within the dynamic online gambling market is a testament to its strategic vision and operational excellence.
In the latest news, Gambling.com Group's market presence and strategic endeavors have been highlighted by significant transactions in the domain industry, such as the high-profile sale of domain names and the acquisition of premium assets. These developments emphasize the lucrative opportunities within the digital marketing and online gambling sectors.
Gambling.com Group reported a robust financial performance in 2021, with total revenue increasing by 51% to $42.3 million and North American revenue soaring by 89% to $7.5 million. Net income for 2021 was $12.5 million, or $0.37 per diluted share. However, fourth-quarter results showed net income drop to $0.9 million from $8.5 million year-over-year. Adjusted EBITDA margins declined to 22% in Q4, and free cash flow was negative at $(1.8 million). The company anticipates total revenue to range between $71 million and $76 million for 2022.
Gambling.com Group Limited (Nasdaq: GAMB) will release its financial results for Q4 and full year ending December 31, 2021, on March 24, 2022, before market open. A conference call is scheduled for 9:00 am EDT the same day, with a Q&A session to follow. The results can be accessed via the company's investor relations website. Gambling.com Group specializes in player acquisition services in the regulated online gambling industry, operating over 30 websites across 13 national markets.
On February 8, 2022, Gambling.com Group (Nasdaq: GAMB) reported preliminary financial results for 2021, revealing a total revenue estimate of $42.1M to $42.5M, with a substantial 90% growth in North American revenue. The estimated net income ranges from $12.4M to $13.1M, and Adjusted EBITDA is projected at $18.2M to $18.7M, reflecting a solid margin of 43% to 44%. The company anticipates strong performance in January 2022, potentially its best month on record, and provided an optimistic outlook for 2022, targeting total revenue between $71M and $76M.
Gambling.com Group (Nasdaq: GAMB) has acquired NDC Media, the publisher of BonusFinder.com, for a total purchase price of €12.5 million (approximately $13.92 million). The deal is aimed at expanding Gambling.com Group's presence in the North American online gambling market, particularly in Canada and the upcoming Ontario market. The acquisition is expected to be immediately accretive to fiscal 2022 earnings and aligns with the Group's growth strategy. Additional earnout payments could bring the total consideration to around €41 million ($47 million), based on BonusFinder's financial performance.
Gambling.com Group (Nasdaq: GAMB) has received approval from the Louisiana Gaming Control Board to offer marketing services to licensed gaming operators in Louisiana as online sports betting launches on January 28, 2022. This marks the state's entry into online sports betting, following New York's recent launch. The Group's CEO, Charles Gillespie, highlighted Louisiana's potential due to its rich sports culture and favorable market conditions. The company is poised to leverage its brands, including Gambling.com and Bookies.com, to provide sports bettors with expert insights and services.
On January 18, 2022, Gambling.com Group (Nasdaq: GAMB) announced a media partnership with The McClatchy Company, enhancing its player acquisition services in the online gambling sector. This collaboration provides McClatchy access to Gambling.com Group's data science platform and sports betting content, allowing them to monetize high-intent traffic effectively. McClatchy's substantial audience of 65 million unique visitors monthly presents significant growth potential, capitalizing on the expanding online sports betting market.
Gambling.com Group (Nasdaq: GAMB) is prepared to launch online sports betting marketing services in New York, coinciding with the state's legalization on January 8, 2022. The company has developed two New York-specific websites—NewYorkBets.com and EmpireStakes.com—offering comprehensive betting information and operator reviews. With New York's population exceeding 20 million, it presents a significant market opportunity, potentially surpassing New Jersey in sports betting volume. The Group has been readying for this launch for years, positioning itself to support licensed operators effectively.
On January 3, 2022, Gambling.com Group Limited (Nasdaq: GAMB) announced the successful acquisition of Roto Sports, Inc., operator of RotoWire.com, enhancing its player acquisition services in the online gambling industry. The acquisition was completed on January 1, 2022, aligning with internal timelines. RotoWire is recognized for its expertise in fantasy sports news and advice. This consolidation aims to accelerate Gambling.com Group's expansion in the U.S. market, with financial integration effective from January 1, 2022.
Gambling.com Group (Nasdaq: GAMB) announced a definitive agreement to acquire Roto Sports, operator of RotoWire.com, for $27.5 million, expected to close in early January 2022. This acquisition aims to enhance Gambling.com Group's presence in the U.S. online sports betting market and is projected to immediately contribute to fiscal 2022 earnings. RotoWire boasts over 100,000 paid subscriptions and 17 million unique visitors, making it a dominant player in the U.S. fantasy sports sector. The purchase price is approximately four times RotoWire's estimated 2021 revenue, with significant growth potential anticipated.
Gambling.com Group Limited (Nasdaq: GAMB) has been awarded the Affiliate of the Year at the 2021 EGR Global Operator Awards held on November 25 in London. This achievement marks the second time the Group has received this accolade, previously winning in 2018. The award recognizes the Group's exceptional financial performance during the July 2020 to June 2021 period, with 100% of its revenue growth achieved organically. This strong performance contributed to a successful IPO on the Nasdaq, making the Group the first publicly traded online gambling affiliate in the U.S.
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