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Gambling.Com Group Ltd - GAMB STOCK NEWS

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.

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.

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Kambi has been named Platform Provider of the Year for the 2024 American Gambling Awards, produced by Gambling.com Group (Nasdaq: GAMB). This recognition highlights Kambi's commitment to innovation in sports betting, including recent expansions to their product portfolio. Key developments include:

1. Launch of Odds Feed+, offering efficient, low latency odds and bet settlement through a single API integration.
2. Upgrades to their Bet Builder product with in-play and cash-out options.
3. Introduction of Kambi Engage for streamlined access to third-party engagement solutions.
4. Advancements in AI-driven trading through their Tzeract division and Trading Gateway.

Kambi's commercial success is evident with 12 new partnerships signed during the judging period, including contracts with Bally's, LiveScore, and Svenska Spel, solidifying their position as a leading sportsbook platform supplier.

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BetMGM (NYSE: MGM) has been named the 2024 "Online Casino of the Year" by the American Gambling Awards for the third consecutive year. This prestigious recognition, presented by Gambling.com Group (Nasdaq: GAMB), highlights BetMGM's leadership in the U.S. online gambling industry.

Key achievements include:

  • Launching exclusive titles and first-to-market games, including the world's first online Buffalo slot
  • Setting a U.S. record for the largest progressive jackpot at $6 million in New Jersey
  • Becoming the exclusive home of NHL, MLB, and NBA-endorsed slot games
  • Implementing innovative engagement strategies like the Super Bowl Spins Giveaway
  • Expanding partnerships, including with Marriott Bonvoy for enhanced rewards options
  • Strengthening responsible gaming initiatives through the GameSense program and partnership with Kindbridge Behavioral Health
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Gambling.com Group (Nasdaq: GAMB) has announced over 50 finalists across 12 categories for the 2024 American Gambling Awards. The winners will be evaluated by a distinguished panel of expert judges with US-specific online gambling industry experience. Winners will receive the exclusive Golden Eagle trophy, designed by Gambling.com Group and manufactured by Society Awards.

The awards will recognize achievements in categories such as Online Sportsbook of the Year, Online Casino of the Year, Gaming Product of the Year, and more. Notable finalists include BetMGM, DraftKings, and FanDuel in multiple categories. Winners will be announced starting September 30th, with a celebratory dinner hosted at Torrisi in New York on November 21st.

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Gambling.com Group (Nasdaq: GAMB) reported strong Q2 2024 results, with revenue increasing 18% to $30.5 million and net income rising to $6.9 million. The company delivered over 108,000 new depositing customers (NDCs), up 19% year-over-year. Adjusted EBITDA reached $11.2 million, reflecting a 37% margin. Based on these results, Gambling.com Group raised its 2024 guidance, now expecting full-year revenue of $123-127 million and Adjusted EBITDA of $44-47 million. The company also completed the acquisition of Freebets.com and related assets, and continued its share repurchase program.

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Gambling.com Group (Nasdaq: GAMB), a leading provider of digital marketing services for the online gambling industry, has announced it will release its 2024 second quarter results on Thursday, August 15, 2024, before the market opens. The company will host a conference call and simultaneous webcast at 8:00 a.m. ET on the same day.

During the call, CEO and Co-founder Charles Gillespie and CFO Elias Mark will review the company's financial results and provide a business update, followed by a Q&A session. Both the call and webcast are open to the public and may include forward-looking statements.

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Gambling.com Group (Nasdaq: GAMB), a leading digital marketing provider for the online gambling industry, has launched the 2024 American Gambling Awards. This year's program introduces a new category, 'C-Suite Gaming Executive of the Year,' and will be held at Torrisi, a Michelin star restaurant in New York City.

The awards, established in 2019, recognize excellence and innovation in the U.S. online gambling market. It features 12 categories, including Online Sportsbook of the Year, Online Casino of the Year, and Responsible Gaming Award.

Judges panel includes industry leaders like Jason Robins (DraftKings), Amy Howe (FanDuel), and Adam Greenblatt (BetMGM). Key dates are August 5 for nominations, September 13 for finalist announcements, and November 21 for the celebration event.

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RotoWire has launched its new app, 'Picks & Props', designed to capitalize on the growing fantasy Pick'em and Player Props market. The app integrates real-time data from major betting and fantasy platforms, offering predictions and recommendations across all fantasy sports.

Peter Schoenke, Co-Founder of RotoWire, highlighted the strong user demand and the app's capabilities in providing top projections, lineups, and player news. The app's features include lines from major sports betting platforms, real-time updates on injuries and playing time, and a user-friendly interface.

In the past 9 months, traffic to RotoWire’s 'Picks & Props' tool increased by 266%, prompting the creation of the standalone app. The app uses four key prediction factors to generate a score for every play, making it easy for users to access recommended fantasy sports picks and predictions. The app is available for both iOS and Android devices.

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Gambling.com Group (Nasdaq: GAMB) has announced its participation in four upcoming institutional investor conferences. The events are aimed at engaging with institutional investors and promoting the company's digital marketing services for the global online gambling industry. The conferences are:

1. B. Riley Securities 24th Annual Institutional Investor Conference in Beverly Hills, CA on May 22-23, 2024, represented by Peter McGough, Sr. V.P. Investor Relations & Capital Markets.

2. Craig-Hallum 21st Annual Institutional Investor Conference in Minneapolis, MN on May 29, 2024, attended by Elias Mark, CFO, and Peter McGough.

3. Stifel 2024 Cross Sector Insight Conference in Boston, MA on June 4, 2024, featuring a fireside chat by CEO Charles Gillespie and Peter McGough.

4. Jefferies 14th Annual Consumer Conference in Nantucket, MA on June 17-18, 2024, attended by Peter McGough.

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Gambling.com Group reported a record Q1 2024 revenue of $29.2 million, reflecting a 9% year-over-year growth across all regions. The company delivered 107,000 new depositing customers, a 22% increase. Net income rose to $7.3 million, up 11%, with a diluted net income per share of $0.19. Adjusted EBITDA was $10.2 million, with a margin of 35% compared to 40% in Q1 2023. Operating cash flow increased by 24% to $8.8 million, while Free Cash Flow rose by 32% to $8.2 million. However, full-year revenue and Adjusted EBITDA guidance were revised down due to changes in Google's treatment of commercial content.

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Gambling.com Group (Nasdaq: GAMB) will report its 2024 first quarter results on May 16, 2024, and host a conference call and webcast. CEO Charles Gillespie and CFO Elias Mark will discuss financial results and business updates.
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FAQ

What is the current stock price of Gambling.Com Group (GAMB)?

The current stock price of Gambling.Com Group (GAMB) is $14.63 as of February 21, 2025.

What is the market cap of Gambling.Com Group (GAMB)?

The market cap of Gambling.Com Group (GAMB) is approximately 556.0M.

What does Gambling.com Group Limited do?

Gambling.com Group Limited is a performance marketing company that provides digital marketing services in the online gambling industry, focusing on online casinos, sports betting, and fantasy sports.

When was Gambling.com Group Limited founded?

Gambling.com Group Limited was founded in 2006.

Where are the offices of Gambling.com Group Limited located?

The company operates from offices in both North America and Europe.

What are the main business segments of Gambling.com Group Limited?

The company's main business segments are affiliate marketing and SaaS tools for affiliate marketers.

How does Gambling.com Group Limited generate revenue?

The company generates revenue by referring online gamblers to online gambling operators.

What areas does Gambling.com Group Limited focus on?

The company focuses on online casino gaming, online sports betting, and the fantasy sports industry.

What recent achievements has Gambling.com Group Limited made?

Recent achievements include advancements in digital marketing services and the expansion of their affiliate marketing platform.

What strategic partnerships does Gambling.com Group Limited have?

The company has strategic partnerships with leading gambling operators to enhance customer acquisition services.

What is the financial condition of Gambling.com Group Limited?

Gambling.com Group Limited has a notable market capitalization and consistent revenue growth, showcasing robust financial performance.

What recent news is associated with Gambling.com Group Limited?

Recent news includes significant transactions in the domain industry and the acquisition of premium assets, highlighting lucrative opportunities in the digital marketing and online gambling sectors.
Gambling.Com Group Ltd

Nasdaq:GAMB

GAMB Rankings

GAMB Stock Data

556.01M
18.91M
46.06%
35.83%
2.18%
Gambling
Consumer Cyclical
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