Gambling.Com Group (GAMB) Stock News

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.

Gambling.com Group Limited (GAMB) will release its third-quarter financial results on November 18, 2021, before market open. A conference call is scheduled for 9:00 AM EST the same day, with an accompanying webcast available for public access. The company, recognized as a leading player acquisition service provider in the regulated online gambling sector, operates over 30 branded websites. More than 150 employees work across its offices in the US, Ireland, and Malta. Further details can be found on their investor website.

Gambling.com Group Limited (Nasdaq: GAMB) reported a robust second quarter for 2021, with revenue rising 66% to $10.4 million, compared to $6.3 million the previous year. The company achieved a net income of $2.4 million or $0.08 per diluted share, a significant turnaround from a net loss of $0.4 million in Q2 2020. Adjusted EBITDA also increased by 46% to $5.5 million, indicating a robust Adjusted EBITDA margin of 53%. The firm anticipates achieving or surpassing its revenue growth and EBITDA targets for the full year.

Gambling.com Group Limited (Nasdaq: GAMB) will release its financial results for Q2 2021 on August 26, 2021. The results will be disclosed before market open, followed by a conference call at 9:00 am EST. The call will include a Q&A session and may feature forward-looking information. Investors and interested parties can access the webcast and presentation through the company's website. Gambling.com Group is a premier performance marketing provider in the online gambling sector, operating over 30 websites in 13 markets, with significant revenue reported as of March 31, 2021.

Gambling.com Group Limited (Nasdaq: GAMB) announced the appointment of Dan D'Arrigo to its board of directors effective July 27, 2021, following the company's IPO. D'Arrigo previously served as CFO of MGM Resorts International and brings extensive experience in finance and management to the role. He will chair the Nominating & Governance Committee and participate in the Audit Committee. CEO Charles Gillespie emphasized D'Arrigo's timely addition as the company aims to capitalize on growth opportunities in regulated online sports betting and iGaming.