New York, New York — November 13, 2025 — Leads & Copy — Gambling.com Group Limited (Nasdaq: GAMB) today announced its third-quarter financial results for the period ended September 30, 2025, and has adjusted its full-year 2025 guidance.
The company reported record third-quarter revenue and Adjusted EBITDA, showcasing the strength of its business model, including its ability to generate substantial adjusted free cash flow, despite challenges in the search channel of its marketing business, according to Charles Gillespie, Chief Executive Officer and Co-Founder of Gambling.com Group.
Key financial highlights for the three months ended September 30, 2025, compared to the same period in 2024 include:
Revenue increased 21% to a record $39.0 million.
Net loss attributable to shareholders was $3.9 million, or $0.11 per share, primarily due to the fair value movement in contingent consideration related to the outperformance of Odds Holdings, compared to net income attributable to shareholders of $8.5 million, or $0.24 per share, in the prior-year period.
Adjusted EBITDA increased 3% to a third-quarter record of $13.0 million, reflecting an Adjusted EBITDA margin of 33% compared to Adjusted EBITDA of $12.6 million and an Adjusted EBITDA margin of 39% in the prior-year period.
Operating cash flow was $10.9 million compared to $14.9 million in the prior-year period. Adjusted free cash flow was $9.6 million compared to $14.2 million in the prior-year period, reflecting strong cash conversion of 74% from Adjusted EBITDA.
Other business highlights include:
Delivery of more than 101,000 new depositing customers (NDCs).
Acquisition of Spotlight.Vegas, an online booking platform for live events and local attractions, in September.
Repurchase of 562,222 shares at an average price of $8.33.
Winning the EGR Affiliate of the Year award for an unprecedented third time in October.
Revenue from marketing services was $29.8 million, in line with the prior-year period, while revenue from sports data services grew 304% year-over-year to $9.2 million, primarily due to contributions from OpticOdds and OddsJam. Recurring subscription revenue represented 24% of total revenue.
For the nine months ended September 30, 2025, compared to the same period in 2024:
Revenue increased 30% to $119.2 million.
Net loss attributable to shareholders was $6.0 million, or $0.17 per share, compared to net income attributable to shareholders of $22.7 million, or $0.62 per share, in the prior-year period.
Adjusted EBITDA increased 25% to $42.6 million, reflecting an Adjusted EBITDA margin of 36% compared to Adjusted EBITDA of $34.0 million and an Adjusted EBITDA margin of 37% in the prior-year period.
Operating cash flow was $29.1 million compared to $23.9 million in the prior-year period. Adjusted free cash flow was $28.8 million compared to $28.4 million in the prior-year period.
As of September 30, 2025, the company had total cash of $7.4 million and $70.5 million of undrawn capacity under its credit facility. The company repurchased 562,222 shares in the third quarter for a total consideration of $4.7 million. Gambling.com Group adjusted its full-year guidance to reflect revenue of approximately $165 million and Adjusted EBITDA of approximately $58 million.
The revenue guidance represents 30% year-over-year growth, and the Adjusted EBITDA guidance reflects 19% year-over-year growth, assuming an average Euro to USD exchange rate of 1.15 for the year.
Elias Mark, Chief Financial Officer of Gambling.com Group, can be contacted for further information.
Source: Gambling.com Group Limited
Source: Gambling.com
