Gambling.com Reports $127.1M in 2024 Revenue, Sets $170M+ Target for 2025
Gambling.com Group has released its preliminary financial results for Q4 and full-year 2024. The company exceeded expectations across key financial metrics.
Q4 and Full-Year 2024 Financial Highlights
In the fourth quarter, Gambling.com generated approximately $35.2 million in total revenue, while net income reached $7.8 million. The company’s adjusted EBITDA hit $14.7 million, reflecting a 42% margin, and operating cash flow totaled $13.6 million.
For the full year, Gambling.com reported $127.1 million in revenue, marking another strong period of growth. Net income for 2024 reached $30.5 million, while adjusted EBITDA totaled $48.5 million, with a 38% margin. The company also generated $41.5 million in free cash flow, reinforcing its strong financial position.
CEO and co-founder Charles Gillespie credited this success to Gambling.com’s ability to drive high-intent traffic efficiently. “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,” he stated.
2025 Growth Outlook and Expansion Plans
Looking ahead, Gambling.com expects revenue to reach between $170 million and $174 million in 2025. The company also forecasts adjusted EBITDA between $67 million and $69 million, signaling significant growth.
A key driver for this outlook is the acquisition of Odds Holdings, Inc., finalized on January 1, 2025. Gambling.com anticipates this deal will contribute approximately $14.5 million in incremental adjusted EBITDA.
While Missouri is expected to launch online sports betting in the second half of 2025, Gambling.com has excluded any financial impact from new market entries until official launch dates are confirmed.
Gambling.com Group will release its final Q4 and full-year 2024 financial report on March 20, 2025, before market open. CEO Charles Gillespie and CFO Elias Mark will host a conference call at 8:00 AM ET, providing further insights into the company’s performance and answering investor questions.
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