Gambling.com Group revealed in its preliminary results that it expects total revenue of $35.2 million (€33.8 million /£28.0 million) for Q4 2024, representing an 8.3% year-on-year growth from $32.1 million.
The affiliate’s adjusted EBITDA for the period is projected to be $14.7 million, representing a 42% margin, while cash flow generated from operating activities is estimated at $13.6 million. It also anticipates revenue of $127.1 million in 2024, a 16.9% increase from the $108.7 million it achieved in 2023. The adjusted EBITDA for the year is approximately $48.5 million.
Other full-year metrics are expected to fall around $30.5 million for net income, $37.6 million for cash flow generated by operating activities and $41.5 million for free cash flow for 2024.
The company previously announced a record quarter for Q3 2024 with revenue of $32.1 million, a 37% increase from the previous year. Adjusted EBITDA during the period reached $12.6 million, indicating a 108% year-on-year growth.
Charles Gillespie, co-founder and CEO of Gambling.com Group, said the preliminary results “surpassed expectations”, highlighting the team’s “relentless focus on execution” and the ability of its global portfolio of websites to “continuously drive valuable, high intent traffic” to customers.
“Our operating performance continues to be led by the strong growth trajectory and attractive unit economics of igaming revenue across all our operating regions,” said Gillespie.
“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.”
In addition, the affiliate introduced full-year 2025 guidance for revenue of between $170 million and $174 million and Adjusted EBITDA of between $67 million and $69 million.
Gambling.com Group will release its full Q4 and FY24 results on 20 March 2025. It also recently bought Odds Holdings, the parent company of OddsJam, for up to $160 million.