Shares of Gambling.com gained 9% in early trading today after the Charlotte-based digital marketing company reported strong results and suggested revenue would increase 35% this year.
The company’s revenue gained 17% last year to $127.2 million, while net income was $30.7 million, a 68% increase. Revenue in the fourth quarter was a record $35 million, a 9% increase.
The earnings per share of 35 cents topped analysts’ estimates of 25 cents.
“We strengthened our product and market positioning organically as well as through the complementary, accretive acquisitions of Freebets.com and Odds Holdings,” CEO Charles Gillespie said via a news release. “With the biggest and most talented team we have ever had and an enhanced product offering, we are making great progress toward our goal of reaching $100 million in annual adjusted EBITDA.”
For 2025, Gillespie said the company expects revenue of $170 million to $174 million, with adjusted operating earnings of $67 million to $69 million. That compares with adjusted earnings of $48.7 million last year. Its operating profit margin is projected to be nearly 40%.
Since going public in 2021, the company’s revenue has more than quadrupled. Shares have traded between $7.50 and $17 in the past year.
Gambling.com provides news, research, data and other services related mainly to online gaming, which is showing rapid growth globally. The company says it operates in 16 countries with four major global locations and has about 500 employees.