Gambling.com Group revenues rise on organic growth in Q4
Malta-registered affiliate firm reports Q4 organic growth of 62% and full-year organic growth of 37%
Gambling.com Group has reported an 81% Q4 revenue rise to €4.9m as full-year revenue increased by 63% to €16.2m, with both figures driven by substantial organic growth.
The Malta-registered affiliate firm revealed that 62% of Q4 revenue growth was organic, as fourth-quarter EBITDA rose by 93% to €1.4m.
Full-year adjusted EBITDA totalled €5.8m, marking a rise of 84%, corresponding to an adjusted EBITDA margin of 36% as NDCs increased by 106% to reach a total of 74,838.
Significant events during Q4 included Gambling.com Group issuing a senior secured bond of €16m under a total framework of €25m, with the bonds listed on Nasdaq Stockholm on 4 December 2018.
The affiliate also flagged a recent Wire Act opinion from the Department of Justice as having the potential to create headwinds in the US market, while the brand’s Swedish assets have performed well since January in terms of NDCs despite a “commensurate decrease in player values”.
Gambling.com Group CEO Charles Gillespie said: “The Group delivered again a record quarter in terms of revenue, EBITDA and adjusted EBITDA as a result of substantial and ongoing organic revenue growth.”
Gambling.com Group won the EGR Affiliate of the Year Award at the EGR Operator Awards 2018.