Gambling.com Group, a leading provider of affiliate marketing services for the global iGaming industry, has released its preliminary financial results for 2024, showcasing substantial revenue growth and profitability. The company reported Q4 2024 revenue of $35.2 million and a net income of $7.8 million, exceeding expectations. Full-year revenue reached $127.1 million, while adjusted EBITDA stood at $48.5 million, reflecting a strong 38% EBITDA margin. Looking ahead, Gambling.com has issued an optimistic 2025 forecast, projecting revenues between $170 million and $174 million, driven by organic expansion and strategic acquisitions, including the newly acquired Odds Holdings.

Q4 2024: Strong Revenue and Profitability Growth

Gambling.com reported revenue of $35.2 million for Q4 2024, marking a substantial increase from the previous year.
Net income for the quarter stood at $7.8 million, underscoring the company’s operational efficiency.
Adjusted EBITDA came in at $14.7 million, delivering a robust 42% EBITDA margin.
Cash flow from operating activities reached $13.6 million, with a free cash flow of $13.1 million.
These figures demonstrate Gambling.com’s ability to generate consistent cash flow while maintaining a strong profitability ratio.

Full-Year 2024 Performance Exceeds Expectations

The company reported total revenue of $127.1 million, reflecting a solid year-over-year increase.
Net income for 2024 stood at $30.5 million, demonstrating strong bottom-line growth.
Adjusted EBITDA reached $48.5 million, translating to an EBITDA margin of 38%.
Cash flow from operations totaled $37.6 million, with free cash flow standing at $41.5 million.
These metrics indicate Gambling.com’s ability to scale its business while maintaining financial discipline and efficiency.

2025 Outlook: Optimistic Growth Projections

Gambling.com expects 2025 revenue to be between $170 million and $174 million, reflecting significant anticipated expansion.
The company forecasts adjusted EBITDA in the range of $67 million to $69 million, further strengthening its profitability.
Key drivers of growth in 2025 include:
The acquisition of Odds Holdings, which is expected to contribute approximately $14.5 million in incremental adjusted EBITDA.
The expansion of online sports betting in Missouri, creating new revenue opportunities.
Stabilization of the EUR/USD exchange rate at 1.05, which could reduce currency-related volatility.
This guidance suggests another record-breaking year for the company, fueled by both organic growth and strategic acquisitions.

CEO Charles Gillespie: Confidence in Long-Term Growth

Gambling.com’s founder and CEO, Charles Gillespie, expressed optimism regarding the company’s trajectory, stating:
“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.”

He attributed 2024’s strong performance to the company’s ability to drive high-value traffic to its clients, reinforcing its leadership in the affiliate marketing industry.
Gillespie’s confidence signals continued investment in technology, market expansion, and strategic partnerships.

Strategic Acquisitions: Key to Future Expansion

The acquisition of Odds Holdings is a major catalyst for growth, adding valuable market share and revenue streams.
Gambling.com continues to pursue expansion in regulated markets, particularly in the U.S., where legalized sports betting presents a high-growth opportunity.
The company’s ability to leverage data-driven insights and optimize affiliate marketing strategies gives it a competitive advantage in the fast-evolving iGaming industry.

Market Positioning: Competitive Edge in the iGaming Industry

Gambling.com operates in a highly competitive digital sports media and affiliate marketing landscape, where customer acquisition and engagement drive revenue.
The company has successfully capitalized on the rising demand for regulated online gambling, especially in North America.
Its strong financial performance and aggressive growth strategy position it as a leader in the iGaming affiliate sector.

Looking Ahead: What to Expect in 2025

With a solid foundation and clear growth strategy, Gambling.com is poised for another strong year.
Key areas of focus will include further geographic expansion, new product offerings, and strategic partnerships.
The final Q4 2024 earnings report is set for release on March 20, providing additional insights into the company’s financial and operational strategies.
As the iGaming industry continues to expand, Gambling.com is expected to maintain its leadership through innovation, efficiency, and market adaptability.

Online Casino Drives Growth

Gambling.com Group has delivered an impressive 2024 financial performance, exceeding expectations with double-digit revenue growth and strong profitability. The company’s strategic acquisitions, market expansion, and focus on high-value affiliate services have positioned it for continued success in 2025. With a revenue target of up to $174 million and EBITDA projections reaching $69 million, Gambling.com is set to further solidify its dominance in the iGaming affiliate industry. Investors and industry stakeholders will be watching closely as the company executes its ambitious growth strategy in the year ahead.