Gambling.com Group has confirmed it has met both its Q4 and 2024 expectations, with revenue matching initial forecasts.
The igaming affiliate and media company posted Q4 revenue of US$35.3m, slightly ahead of the February 19 forecast of $35.2m.
Full-year revenue hit $127.2m, marginally ahead of the $127.1m the company initially said it expected.
Q4 and full-year adjusted EBITDA rose 39 per cent and 33 per cent, respectively, to $14.7m and $48.7m.
Charles Gillespie, chief executive officer and co-Founder of Gambling.com Group, said: “Our record fourth quarter and full-year results were driven by our team’s prioritisation of igaming across the markets where we operate.
“Our team delivered outstanding performance in the quarter, especially when compared to the launch driven results in the prior-year period.
“We anticipate growth and continued market share gains in our performance marketing business across all geographic regions in 2025, including North America.”
Gillespie added that the company is now entering its “next phase of growth” after completing the acquisition of Odds Holdings.
Chief financial officer Elias Mark said: “As expected, we generated strong online casino growth across all our geographical regions, while our North American business continued to be resilient against challenging comparables.”
Gambling.Com Group reiterated its 2025 expectations of revenue of between $170m and $174m, and adjusted EBITDA of between $67m and $69m.
“As reflected in our full-year guidance, we expect to generate significant year-over-year revenue and adjusted EBITDA growth in 2025, and we are well-positioned to carry this operating momentum forward,” Mark added.
