Welcome to our dedicated page for Gambling.Com Group news (Ticker: GAMB), a resource for investors and traders seeking the latest updates and insights on Gambling.Com Group stock.
Gambling.com Group Limited reports news about its marketing technology and sports data services for the online gambling industry. The company operates branded websites including Gambling.com, Bookies.com and Casinos.com, and provides sports betting and fantasy sports data through OddsJam, OpticOdds and RotoWire.
Company updates commonly cover financial results and guidance, search and regulatory conditions in gambling markets, U.S. sports betting supplier licensing, branded industry awards, product and website activity, and governance or senior-management developments.
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Gambling.com Group Limited (Nasdaq: GAMB) is set to report its 2023 first quarter results on May 18, 2023. Preliminary results indicate total revenue between $26.4 million and $26.9 million. Expected net income ranges from $6.3 million to $6.8 million, with an Adjusted EBITDA between $10.3 million and $10.8 million, reflecting a margin of 39% to 40%. The cash flow from operations is projected at $6.8 million to $7.3 million, and Free Cash Flow estimates range from $5.9 million to $6.4 million. CEO Charles Gillespie stated that these preliminary results exceeded expectations, primarily due to robust growth in North America.
Gambling.com Group reported a remarkable 81% increase in full-year revenue, reaching $76.5 million in 2022. The fourth quarter revenue surpassed $21.3 million, a 107% growth year-over-year. The company anticipates 2023 revenue between $93 million and $97 million and adjusted EBITDA of $32 million to $36 million. North American revenue soared 364% to $10 million. The company successfully launched in new markets and increased new depositing customers by 133% in 2022. CEO Charles Gillespie expressed confidence in leveraging technology and ongoing partnerships to ensure future growth.
Gambling.com Group Limited (NASDAQ: GAMB) has received sports wagering registration from the Massachusetts Gaming Commission to provide marketing services for licensed online sports betting operators, starting March 10, 2023. This follows the launch of BetMassachusetts.com, aimed at helping bettors access reliable sports betting information. With a population nearing six million, Massachusetts is poised to be a major sports betting market, potentially handling over $5 billion in its first year. CEO Charles Gillespie and VP Caroline Smart expressed optimism about supporting local sports fans.
Gambling.com Group Limited (Nasdaq: GAMB) will announce its 2022 fourth quarter and full year results on March 23, 2023, before the market opens. A conference call with CEO Charles Gillespie and CFO Elias Mark will take place at 8:00 a.m. ET, covering financial results and a business update, followed by a Q&A session. Participants can access the live call through a webcast and dial-in options. A replay will be available for 30 days on the Company’s website. Gambling.com Group, founded in 2006, is a prominent player in the online gambling digital marketing sector.
Gannett Co. (NYSE: GCI) has announced a multi-year strategic partnership with Gambling.com Group (NASDAQ: GAMB), aimed at enhancing its digital media capabilities in the online sports betting and iGaming sectors. This collaboration will leverage Gannett's expansive USA TODAY Network to deliver expert insights and betting content to sports enthusiasts across the U.S. The partnership is expected to be accretive to Gannett's EBITDA and free cash flow, especially as more states regulate online gambling. The integration will utilize Gambling.com’s proprietary data science platform, offering real-time betting analysis and reviews across various media platforms.