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 (Nasdaq: GAMB) is a provider of marketing and sports data services for the global online gambling industry, and its news flow reflects activity across regulated iGaming and sports betting markets. Company announcements highlight developments in its marketing services, sports data offerings and portfolio of more than 50 gambling-focused websites.
News about Gambling.com Group often covers financial results, including revenue from marketing services and sports data services, as well as metrics such as new depositing customers and recurring subscription revenue. The company reports on initiatives to diversify traffic sources for its marketing business and investments to expand sports data products under brands like OddsJam, OpticOdds and RotoWire.
Readers can also expect updates on market expansion and regulatory milestones. For example, the Group has announced readiness to support legal online sports betting launches in new U.S. states through state-focused sites such as BetMissouri.com and through its OpticOdds sports data division. These updates describe how the company works with Missouri-licensed or other state-licensed operators and provides real-time odds, data and marketing services.
Another recurring theme in GAMB news is industry recognition and thought leadership. Gambling.com Group produces the American Gambling Awards, which recognize platform providers, data service providers, gaming products, regulators and policymakers in the regulated U.S. online gambling sector. Press releases detail award winners and highlight developments in responsible gaming, regulatory enforcement and technology.
In addition, the Group’s Casinos.com and other brands publish content-driven announcements, such as the Slots Hall of Fame and player-voted awards for slot games. Together, these news items provide insight into Gambling.com Group’s role in connecting consumers with regulated gambling experiences and in spotlighting trends across the online gambling ecosystem.
Investors and industry followers can use this news feed to monitor GAMB’s financial performance, acquisitions, product evolution, regulatory developments and broader contributions to the online gambling industry.
Gambling.com Group Limited (Nasdaq: GAMB) has appointed Peter McGough as Vice President of Investor Relations, effective July 1, 2022. McGough will enhance the Group's investor relations program, communicating its vision to shareholders and the financial community. With over 25 years in finance, he previously worked at Viridian Capital Advisors and Credit Suisse. CEO Charles Gillespie praised McGough's experience, highlighting its potential impact on the Group's investor engagement.
Gambling.com Group Limited (Nasdaq: GAMB) has appointed Michael Quartieri to its board of directors, effective June 30, 2022. Quartieri, who has extensive experience in finance and operations, previously served as CFO at Scientific Games and Dave & Buster’s. He will contribute to the Audit and Nominating & Governance Committees. CEO Charles Gillespie highlighted Quartieri's strong industry background in gaming and mergers as beneficial to the company's growth in online sports betting and iGaming.
Gambling.com Group Limited (Nasdaq: GAMB) is set to join the Russell 3000 Index, effective June 27, 2022, marking a significant milestone for the company following its IPO in 2021. This inclusion enhances its visibility in the U.S. equity markets, expected to increase liquidity and investor awareness. The Russell indexes, which cover the largest U.S. stocks by market capitalization, are widely utilized by investment managers and institutional investors, managing approximately $12 trillion in assets.
Gambling.com Group (Nasdaq: GAMB) reported a remarkable 70% revenue growth in Q1 2022, reaching $19.6 million, with record Adjusted EBITDA of $7.2 million. Strong business performance is attributed to substantial gains in North America, where revenue surged 544% to $10.6 million. The company successfully launched in New York and Louisiana and completed acquisitions of RotoWire.com and BonusFinder.com. Full-year guidance remains solid, projecting revenues between $71-76 million and Adjusted EBITDA of $22-27 million.
Gambling.com Group Limited (Nasdaq: GAMB) will release its financial results for Q1 ended March 31, 2022, before the market opens on May 31, 2022. The results will be discussed in a conference call at 9:00 am EDT that day, open to all interested parties. A replay will be available for 30 days on the Company’s website. Gambling.com Group, established in 2006, operates over 50 websites across 15 markets, focusing on iGaming and sports betting.
Gambling.com Group announced its entry into the Canadian online gambling market, providing marketing services for licensed sports betting and iGaming operators in Ontario. With the province set to launch these services on April 4, 2022, Gambling.com has already established OntarioBets.com to aid consumers in comparing legal options. Anticipated first-year revenues could reach nearly CAD$1 billion, with potential for growth. The company aims to support operators with its established brands, positioning itself to become a key player in Ontario's burgeoning market.
Gambling.com Group reported a robust financial performance in 2021, with total revenue increasing by 51% to $42.3 million and North American revenue soaring by 89% to $7.5 million. Net income for 2021 was $12.5 million, or $0.37 per diluted share. However, fourth-quarter results showed net income drop to $0.9 million from $8.5 million year-over-year. Adjusted EBITDA margins declined to 22% in Q4, and free cash flow was negative at $(1.8 million). The company anticipates total revenue to range between $71 million and $76 million for 2022.
Gambling.com Group Limited (Nasdaq: GAMB) will release its financial results for Q4 and full year ending December 31, 2021, on March 24, 2022, before market open. A conference call is scheduled for 9:00 am EDT the same day, with a Q&A session to follow. The results can be accessed via the company's investor relations website. Gambling.com Group specializes in player acquisition services in the regulated online gambling industry, operating over 30 websites across 13 national markets.
On February 8, 2022, Gambling.com Group (Nasdaq: GAMB) reported preliminary financial results for 2021, revealing a total revenue estimate of $42.1M to $42.5M, with a substantial 90% growth in North American revenue. The estimated net income ranges from $12.4M to $13.1M, and Adjusted EBITDA is projected at $18.2M to $18.7M, reflecting a solid margin of 43% to 44%. The company anticipates strong performance in January 2022, potentially its best month on record, and provided an optimistic outlook for 2022, targeting total revenue between $71M and $76M.
Gambling.com Group (Nasdaq: GAMB) has acquired NDC Media, the publisher of BonusFinder.com, for a total purchase price of €12.5 million (approximately $13.92 million). The deal is aimed at expanding Gambling.com Group's presence in the North American online gambling market, particularly in Canada and the upcoming Ontario market. The acquisition is expected to be immediately accretive to fiscal 2022 earnings and aligns with the Group's growth strategy. Additional earnout payments could bring the total consideration to around €41 million ($47 million), based on BonusFinder's financial performance.
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