Gambling.com Publishes Preliminary Q4 Report, Introduces FY 2025 Guidance
Gambling.com Group, one of the leading providers of affiliate services to the global iGaming industry, has published its preliminary results for 2024. In addition to that, the company published its FY 2025 guidance, raising its expectations for the year.
The Report Outlined Favorable Metrics
In its report, Gambling.com said that its revenue for the fourth quarter of 2024 reached $35.2 million. The company added that its net income for the same period stood at approximately $7.8 million.
In addition to that, the affiliate reported an adjusted EBITDA of approximately $14.7 million, which represents an adjusted EBITDA margin of 42%.
Gambling.com clarified that the cash flow generated by operating activities in Q4 reached $13.6 million. In the meantime, the group also reported a free cash flow of approximately $13.1 million for the period.
In terms of its full-year results, Gambling.com reported FY 2024 revenue of roughly $127.1 million, as well as net income of approximately $30.5 million.
In 2024, the affiliate achieved an adjusted EBITDA of $48.5 million, representing an adjusted EBITDA margin of 38%.
Cash flow generated by the company’s operating activities in 2024 stood at $37.6 million. The company also reported a free cash flow of approximately $41.5 million.
The Company Is Confident in Its Long-Term Growth
In addition to publishing its preliminary results, Gambling.com introduced its guidance for 2025, providing an optimistic expectation for the year.
Gambling.com said that it expects revenue of between $170 million and $174 million. In the meantime, the company expects adjusted EBITDA to reach the $67-69 range.
This guidance assumes incremental adjusted EBITDA contributions of approximately $14.5 million related to the acquisition of Odds Holdings, which the company completed at the beginning of the year. The guidance also assumes that Gambling.com would be able to capitalize on the launch of online sports betting in Missouri. Finally, the guidance also expects the average EUR/USD exchange rate to remain at 1.05 throughout the year.
Gambling.com’s founder and chief executive officer, Charles Gillespie, commented on the report, saying that both the Q4 and FY 2024 results have surpassed his team’s expectations. He attributed the performance to his team’s continuous efforts to drive “valuable, high-intent traffic” to the company’s clients.
Gillespie added that the strong growth trajectory makes him optimistic about the company’s performance in the future.
As reflected in our initial revenue and Adjusted EBITDA guidance for 2025, we are confident that our great positioning will drive yet another year of record performance with impressive continued revenue, Adjusted EBITDA and Free Cash Flow growth.
Charles Gillespie, CEO, Gambling.com
The company said that its official fourth quarter results will be published before the market opens on March 20.
