gambling

Gambling.com Group Limited Reports Third Quarter 2021 Financial Results – PRNewswire

Summary

CHARLOTTE, N.C., Nov. 18, 2021 /PRNewswire/ — Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a leading provider of digital marketing services active exclusively in the global online gambling industry, today announced its operating and financial results for the third quarter ended September 30, 2021.

Third Quarter 2021 Financial Highlights

Revenue of $10.1 million grew 37% compared to $7.4 million in the same period for the prior year
Net in…….

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CHARLOTTE, N.C., Nov. 18, 2021 /PRNewswire/ — Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a leading provider of digital marketing services active exclusively in the global online gambling industry, today announced its operating and financial results for the third quarter ended September 30, 2021.

Third Quarter 2021 Financial Highlights

  • Revenue of $10.1 million grew 37% compared to $7.4 million in the same period for the prior year
  • Net income of $4.7 million, or $0.13 per diluted share, compared to a net income of $2.3 million, or $0.08 per diluted share, in the same period for the prior year
  • Adjusted EBITDA of $3.5 million decreased 14% compared to $4.0 million in the same period for the prior year, representing an Adjusted EBITDA margin of 34%1 
  • Free cash flow of $0.8 million decreased 81% compared to $3.9 million in the same period for the prior year2 

Third Quarter 2021 Business Highlights

  • Completed successful public listing of common shares on the Nasdaq Global Market under the ticker symbol “GAMB”
  • Announced appointment of Mr. Daniel D’Arrigo to Board of Directors
  • Received temporary supplier license from the Arizona Department of Gaming to provide marketing services to licensed operators in the state and launched free-to-use comparison of legal online sports betting services on BetArizona.com
  • Launches of Marylandbets.com, casinosource.nl and gambling.com/nl providing bettors in Maryland and the Netherlands with trusted and up to date gambling information to help them place safe and secure legal wagers
  • Completed acquisition of domains suitable for targeting the US market

“Our financial performance in the third quarter remained strong as we grew revenue by 37% compared to the prior year and, despite the third quarter being the seasonally slowest quarter of the year, delivered an Adjusted EBITDA margin of 34%,” said Charles Gillespie, Chief Executive Officer and co-founder of Gambling.com Group. “Importantly, after the quiet summer months of July and August, we delivered all-time-high revenue in September. With the launch of Arizona and the kickoff of the NFL season, we saw a significant uplift in U.S. revenue in September and our U.S. performance exceeded our internal expectations. Entering the quarter with good momentum we are encouraged by the start to our seasonally stronger fourth quarter. We remain highly focused on prudently growing the Company through both sustained organic growth and future accretive acquisitions which we continue to actively pursue” 

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Source: https://www.prnewswire.com/news-releases/gamblingcom-group-limited-reports-third-quarter-2021-financial-results-301427768.html

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