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) 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.
Gambling.com Group (Nasdaq: GAMB) has received approval from the Louisiana Gaming Control Board to offer marketing services to licensed gaming operators in Louisiana as online sports betting launches on January 28, 2022. This marks the state's entry into online sports betting, following New York's recent launch. The Group's CEO, Charles Gillespie, highlighted Louisiana's potential due to its rich sports culture and favorable market conditions. The company is poised to leverage its brands, including Gambling.com and Bookies.com, to provide sports bettors with expert insights and services.
On January 18, 2022, Gambling.com Group (Nasdaq: GAMB) announced a media partnership with The McClatchy Company, enhancing its player acquisition services in the online gambling sector. This collaboration provides McClatchy access to Gambling.com Group's data science platform and sports betting content, allowing them to monetize high-intent traffic effectively. McClatchy's substantial audience of 65 million unique visitors monthly presents significant growth potential, capitalizing on the expanding online sports betting market.
Gambling.com Group (Nasdaq: GAMB) is prepared to launch online sports betting marketing services in New York, coinciding with the state's legalization on January 8, 2022. The company has developed two New York-specific websites—NewYorkBets.com and EmpireStakes.com—offering comprehensive betting information and operator reviews. With New York's population exceeding 20 million, it presents a significant market opportunity, potentially surpassing New Jersey in sports betting volume. The Group has been readying for this launch for years, positioning itself to support licensed operators effectively.
On January 3, 2022, Gambling.com Group Limited (Nasdaq: GAMB) announced the successful acquisition of Roto Sports, Inc., operator of RotoWire.com, enhancing its player acquisition services in the online gambling industry. The acquisition was completed on January 1, 2022, aligning with internal timelines. RotoWire is recognized for its expertise in fantasy sports news and advice. This consolidation aims to accelerate Gambling.com Group's expansion in the U.S. market, with financial integration effective from January 1, 2022.
Gambling.com Group (Nasdaq: GAMB) announced a definitive agreement to acquire Roto Sports, operator of RotoWire.com, for $27.5 million, expected to close in early January 2022. This acquisition aims to enhance Gambling.com Group's presence in the U.S. online sports betting market and is projected to immediately contribute to fiscal 2022 earnings. RotoWire boasts over 100,000 paid subscriptions and 17 million unique visitors, making it a dominant player in the U.S. fantasy sports sector. The purchase price is approximately four times RotoWire's estimated 2021 revenue, with significant growth potential anticipated.
Gambling.com Group Limited (Nasdaq: GAMB) has been awarded the Affiliate of the Year at the 2021 EGR Global Operator Awards held on November 25 in London. This achievement marks the second time the Group has received this accolade, previously winning in 2018. The award recognizes the Group's exceptional financial performance during the July 2020 to June 2021 period, with 100% of its revenue growth achieved organically. This strong performance contributed to a successful IPO on the Nasdaq, making the Group the first publicly traded online gambling affiliate in the U.S.
Gambling.com Group (Nasdaq: GAMB) reported a 37% revenue increase in Q3 2021, reaching $10.1 million. Net income rose to $4.7 million ($0.13 per diluted share), up from $2.3 million a year earlier. Despite a strong revenue growth, adjusted EBITDA fell 14% to $3.5 million, with a margin of 34%. Free cash flow decreased by 81% to $0.8 million. Key developments included a successful Nasdaq listing and the launch of new market-specific websites. The company reiterated its full-year guidance for over 40% revenue growth and about 40% adjusted EBITDA margin.