Gambling.com Group Surpasses Q1 2025 Estimates with Record Earnings
Gambling.com Group Limitedâs newest report for Q1 2025 earnings shows the company has surpassed the initial estimates and is highly optimistic about the rest of the year.
The fast-growing provider of marketing and sports data services has recorded earnings of $0.46 per share, which is twice what was initially projected. This quarterly report reflects an earnings surprise of 142.11%. In the previous quarter, the company was projected to earn $0.25 per share but exceeded expectations with actual earnings of $0.35, resulting in a 40% rise.
In addition, Revenue from the companyâs sports data services segment surged 405% to $9.9 million in Q1, driven by the January acquisition of Odds Holdings, the parent company of OddsJam and OpticOdds. The acquisition contributed a substantial boost in recurring subscription revenue, which now makes up 24% of the companyâs total revenue for the quarter.
Chief executive officer and co-founder of Gambling.com Group Charles Gillespie emphasized how the new acquisitions led to the companyâs rapid growth. With the enhanced sports data platform, the company now benefits from a meaningful stream of recurring subscription revenue, expected to contribute well over 20% of total revenue in 2025. This development brings greater revenue visibility and adds a complementary, high-margin, high-growth source of profit and cash flow.
Meanwhile, Elias Mark, chief financial officer of Gambling.com Group, explained that the companyâs Q1 recorded a record quarterly revenue of $40.6 million and adjusted EBITDA of $15.9 million. This marks a year-over-year growth of 39% and 56%, respectively.
The Company is Optimistic for the Rest of the Year
Gillespie reaffirmed the companyâs full-year 2025 guidance, noting confidence in their outlook despite a volatile macroeconomic environment. He emphasized that the companyâs services address critical needs for its customers and that the broader industry remains relatively insulated from global economic fluctuations.
Gambling.com Group continues to project another year of record revenue, adjusted EBITDA, and Free Cash Flow in 2025, driven by its expanded product portfolio and the capabilities of its skilled team. Gillespie added that the company is steadily advancing toward its long-term goal of generating $100 million in annual adjusted EBITDA.
Mark, meanwhile, explained that the company has had a solid start in 2025, which has resulted in the company being confident in its outlook for the remainder of the year. He also said that the midpoints of the companyâs guidance for revenue of $172 million and $68 million in adjusted EBITDA, representing year-on-year growth of 35% and 40%, respectively.
