Gambling.com revenue hits US$35.2 million in Q4
Digital marketing provider Gambling.com has revealed Q4 revenue of US$35.2 million with a net income of approximately US$7.8 million.
Gambling.com released its preliminary Q4 and 2024 full-year results this week ahead of a conference call and webcast scheduled for 20 March, which will report full-year results for 2024.
The preliminary Q4 results forecast Gambling.com’s adjusted EBITDA to be approximately US$14.7 million, a 42% margin. Cash flow generated by operating activities is estimated to be US$13.6 million, and free cash flow is estimated to be US$41.5 million.
The announcement also included preliminary figures for the 2024 fiscal year. These showed that total revenue was approximately US$127.1 million, with a net income of around US$30.5 million.
In addition, adjusted EBITDA is approximately US$48.5 million, representing a 38% margin, with cash flow and free cash flow estimates a total of US$37.6 million and US$41.5 million, respectively.
Gambling.com co-founder and Chief Executive Officer Charles Gillespie said, “Our preliminary, record 2024 fourth quarter and full year results surpassed expectations due to our relentless focus on execution and the ability of our global portfolio of websites to continuously drive valuable, high intent traffic to our customers in a capital efficient manner.”
Charlotte Capewell brings her passion for storytelling and expertise in writing, researching, and the gambling industry to every article she writes. Her specialties include the US gambling industry, regulator legislation, igaming, and more.
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