Publishing its 2018 results, Stockholm-listed industry affiliate marketing network Gambling.com Group has detailed that it is confident in its future prospects following strong progress achieved during a ‘transformative year’ for its business.
Primarily competing within saturated UK and Nordic online gambling marketplaces, Gambling.com recorded a 63% group revenue increase to €16.2 million (FY2017: €9.9 million), with the company underlining strong organic growth.
Detailing a number of automation and SEO enhancements, running across its affiliate marketing network, Gambling.com reports an 69% EBITDA growth to €4.9 million (FY 2017: €2.9 million).
Charles Gillespie, Chief Executive of Gambling.com Group, says, “From operational results to product and market development, we look back with great pride at what Gambling.com Group accomplished in 2018. We remain determined to build long-term value for the Group by becoming a leader in performance marketing in the US whilst further strengthening our position in Europe.”
In its business overview, Gambling.com governance details confidence in advancing the firm’s US profile, having delivered on a number of strategic projects during 2018.
In March 2018, Gambling.com acquired legacy affiliate bookies.com, an asset which has been re-branded and redeveloped to act as the firm’s lead US portal.
Further 2018, activity saw Gambling.com open its US strategic offices, which governance details will be significantly expanded during the course of 2019.