Gambling.com Group Limited Ordinary Shares - GAMB STOCK NEWS

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.

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.