Gambling.com to report its financial record Q1 revenue

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Gambling.com Group achieved a first-quarter revenue record of $29.2 million (£23.0 million/€26.9 million), alongside an increase in net profit.

Revenue increased by 9.4% compared to Q1 2023. Elias Mark, CFO of Gambling.com Group, highlighted that this growth occurred despite the specific opportunities available in Q1 2023.

Achieving year-on-year growth in all our geographic reporting markets, we delivered record Q1 revenue with a 9% top line increase, even though the comparable period had significantly more new state launch activity.

In Q1 last year, Gambling.com formed a multi-year strategic partnership with US media group Gannett Co., leveraging Gannett’s extensive US presence.

Commenting on Q1 2024, Charles Gillespie, CEO and co-founder of Gambling.com Group, observed that the company’s previous investments were yielding positive results.

Our long-term investments in proprietary technology, website portfolio, and accretive acquisitions are driving consistent growth. As we expand our industry leadership and influence across global online gambling markets and leverage numerous growth drivers, we foresee a clear path to significantly higher adjusted EBITDA and free cash flow.

Additionally, during Q1, Gambling.com secured a $50.0 million credit facility, comprising a $25.0 million revolving credit facility and a $25.0 million term loan facility.