Gambling.com Group has released its preliminary full-year revenue results spearheaded by a strong fourth quarter for the affiliate leader.
The Dublin-based digital marketing services provider reported a quarterly record $35.2 million in revenue in Q4 2024, up from $32.5 million for the same period the year prior. The historic results during the quarter generated approximately $7.8 million in net income. By comparison, Gambling.com saw its net income in Q4 2023 close at $6.3 million.
Gambling.com’s preliminary results anticipate its full-year revenue for 2024 to reach roughly $127 million compared to $108.6 million in 2023. The company’s total net income in 2024 is projected to close at $30.5 million. In 2023, net income closed at $18.2 million.
“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,” said Gambling.com Group co-founder and CEO Charles Gillespie. “Our operating performance continues to be led by the strong growth trajectory and attractive unit economics of iGaming revenue across all our operating regions.”
Gambling.com is poised for revenue growth in 2025 as it continues to expand its reach.
In 2025, Gambling.com projects full-year revenue to range between $170 million and $174 million while its adjusted EBITDA is estimated to be between $67 million and $69 million.
Major transactions for Gambling.com Group
Gambling.com is preparing for growth following two major acquisitions in the last year.
The company closed its acquisition of Freebets.com and related assets in April 2024 after agreeing to a deal with XLMedia worth up to $42.5 million. As part of the deal, Gambling.com has acquired XLMedia‘s European and Canadian sports betting and gaming assets, which also include WhichBingo.co.uk and Nettiskasinot.com.
Last month, Gambling.com closed its acquisition of OddsJam parent company Odds Holdings in a deal valued at up to $160 million. OddsJam, a consumer-focused subscription brand that offers real-time betting odds, provides Gambling.com with access to nearly 300 sportsbooks. The platform averages over 1 million requests per second.
Gambling.com estimates roughly $14.5 million in incremental adjusted EBITDA contributions related to its acquisition of Odds Holdings in 2025. The affiliate giant’s projections for 2025 do not consider Missouri’s looming launch of sports betting.
Gambling.com plans to share its comprehensive earnings results for 2024 on March 20. The company will also hold an earnings call led by Gillespie and CFO Elias Mark.
