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Gambling.com Group reports record Q1 with $40.6M
A performance marketing and sports betting media company, Gambling.com Group, shared its Q1 2025 results, announcing a 39% year-over-year revenue increase to $40.6 million.
After successfully closing the Q4, 2024, Gambling.com Group confidently debuted in 2025. Next to revenue numbers are Adjusted EBITDA results, which also increased by 56% to $15.9 million.
The company also reported delivering over 138,000 new depositing customers (NDCs) in the quarter, a 29% increase from the same period last year, while marketing services revenue rose 13% to $30.7 million.
Despite a 49% rise in operating expenses to $28.4 million, driven by higher personnel costs and amortization from recent acquisitions, free cash flow increased by 25% to $10.3 million, and operating cash flow increased 30% to $11.4 million.
Charles Gillespie, the co-founder and CEO of Gambling.com Group, commented:
“We entered 2025 with our marketing business at all-time highs and an enhanced suite of sports data services following the acquisition of OddsJam and OpticOdds. We now have meaningful recurring subscription revenue, which we expect to account for well over 20% of our 2025 revenue, bringing increased revenue visibility and a complementary, high-margin and high-growth source of profit and cash flow.”
Back in 2024, the company shared its full year’s expectations for 2025, planning to genrate a revenue from $170m to $174m with adjusted EBITDA varrying from $67m to $69m.
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