Gambling.com Group Limited provided select preliminary financial results for the fourth quarter and full year periods ended December 31, 2024. The company anticipates preliminary record fourth-quarter revenue of approximately $35.2 million, with preliminary net income of approximately $7.8 million and preliminary adjusted EBITDA of approximately $14.7 million.
For the full year 2024, preliminary revenue and adjusted EBITDA are expected to have risen 17% and 33% respectively, driven by global iGaming growth and the acquisition of Freebets.com. This outperformance reflects the company's focus on execution and diversified market exposure, prioritizing iGaming revenue.
The company also introduced its 2025 guidance, projecting revenue between $170 million and $174 million, with the midpoint representing 35% year-over-year growth. Adjusted EBITDA is guided to be between $67 million and $69 million, with the midpoint indicating 40% year-over-year growth. The recent acquisition of OddsJam and OpticOdds is expected to be a significant growth catalyst, increasing the proportion of consumer and enterprise recurring subscription revenue.
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