Gambling.Com Group Ltd - GAMB STOCK NEWS

Gambling.com Group Limited (Nasdaq: GAMB) is set to provide marketing services to licensed online sports betting operators in Kansas, coinciding with the state's soft launch of legal online sports betting on September 1, 2022. The company launched BetKansas.com in April 2022, offering valuable information for sports bettors. A recent survey revealed that 34.4% of Kansas adults are likely to place legal bets post-launch. This positions Gambling.com Group favorably in a growing market, which adds to the positive momentum in North America's online gaming sector throughout 2022.

Gambling.com Group reported a 53% increase in revenue to $15.9 million for Q2 2022, with North American revenue growth surpassing 300%. The company maintains its full-year revenue forecast of $71-76 million and Adjusted EBITDA of $22-27 million. Despite the seasonal weakness of Q2, Gambling.com generated positive Adjusted EBITDA and Free Cash Flow. The company also launched in Ontario, added over 57,000 new depositing customers, and was included in the Russell 3000 index. However, net income dropped significantly by 98% compared to the previous year.

Gambling.com Group Limited (Nasdaq: GAMB) will release its second-quarter financial results for the period ending June 30, 2022, on August 29, 2022, after market close. The release will be accessible on their investor relations website, followed by a conference call at 4:30 PM EDT that day. Interested parties can participate and access a replay of the call on the company’s site for 30 days. Gambling.com is a leader in player acquisition services for the online gambling industry, operating over 50 websites in 15 markets.

Gambling.com Group Limited (Nasdaq: GAMB) has appointed Peter McGough as Vice President of Investor Relations, effective July 1, 2022. McGough will enhance the Group's investor relations program, communicating its vision to shareholders and the financial community. With over 25 years in finance, he previously worked at Viridian Capital Advisors and Credit Suisse. CEO Charles Gillespie praised McGough's experience, highlighting its potential impact on the Group's investor engagement.

Gambling.com Group Limited (Nasdaq: GAMB) has appointed Michael Quartieri to its board of directors, effective June 30, 2022. Quartieri, who has extensive experience in finance and operations, previously served as CFO at Scientific Games and Dave & Buster’s. He will contribute to the Audit and Nominating & Governance Committees. CEO Charles Gillespie highlighted Quartieri's strong industry background in gaming and mergers as beneficial to the company's growth in online sports betting and iGaming.

Gambling.com Group Limited (Nasdaq: GAMB) is set to join the Russell 3000 Index, effective June 27, 2022, marking a significant milestone for the company following its IPO in 2021. This inclusion enhances its visibility in the U.S. equity markets, expected to increase liquidity and investor awareness. The Russell indexes, which cover the largest U.S. stocks by market capitalization, are widely utilized by investment managers and institutional investors, managing approximately $12 trillion in assets.

Gambling.com Group (Nasdaq: GAMB) reported a remarkable 70% revenue growth in Q1 2022, reaching $19.6 million, with record Adjusted EBITDA of $7.2 million. Strong business performance is attributed to substantial gains in North America, where revenue surged 544% to $10.6 million. The company successfully launched in New York and Louisiana and completed acquisitions of RotoWire.com and BonusFinder.com. Full-year guidance remains solid, projecting revenues between $71-76 million and Adjusted EBITDA of $22-27 million.

Gambling.com Group Limited (Nasdaq: GAMB) will release its financial results for Q1 ended March 31, 2022, before the market opens on May 31, 2022. The results will be discussed in a conference call at 9:00 am EDT that day, open to all interested parties. A replay will be available for 30 days on the Company’s website. Gambling.com Group, established in 2006, operates over 50 websites across 15 markets, focusing on iGaming and sports betting.

Gambling.com Group announced its entry into the Canadian online gambling market, providing marketing services for licensed sports betting and iGaming operators in Ontario. With the province set to launch these services on April 4, 2022, Gambling.com has already established OntarioBets.com to aid consumers in comparing legal options. Anticipated first-year revenues could reach nearly CAD$1 billion, with potential for growth. The company aims to support operators with its established brands, positioning itself to become a key player in Ontario's burgeoning market.