Gambling.com Group revenue hit a new record in the first quarter of 2025. The company posted impressive growth in both its marketing and sports data businesses. With a strong start, the group reiterated its full-year guidance.
Total Gambling.com Group revenue reached $40.6 million for Q1 2025, up 39% compared to Q1 2024. Revenue from marketing services climbed 13% to $30.7 million. Sports data services jumped 405% to $9.9 million, boosted by the OddsJam and OpticOdds acquisitions.
Adjusted EBITDA rose 56% year-over-year to $15.9 million, with a margin of 39%. This reflects strong top-line growth and cost efficiency. In Q1 2024, Adjusted EBITDA was $10.2 million with a 35% margin.
Recurring subscription revenue accounted for 24% of total Q1 revenue. This is expected to grow further in 2025, offering better revenue visibility. The expanded sports data platform is a key driver for this high-margin income.
The company delivered over 138,000 new depositing customers, a 29% increase from the prior year. Net income grew to $11.2 million, a 54% rise. Adjusted net income per share surged 92% to $0.46.
Free cash flow rose 25% to $10.3 million while operating cash flow increased 30% to $11.4 million. The company maintained a strong liquidity position, supported by a $165 million credit facility. This provides financial flexibility for further growth.
Gambling.com Group completed the $80 million acquisition of Odds Holdings on January 1. This added substantial recurring revenue and profit contribution. CEO Charles Gillespie said, “We are moving closer to our goal of generating $100 million in annual Adjusted EBITDA.”
The company reiterated its 2025 full-year outlook with revenue expected between $170M and $174M. Adjusted EBITDA guidance stands at $67M to $69M, reflecting 35% to 40% growth. Forecast excludes new U.S. state launches unless officially confirmed.
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