Raketech revenue drops 46% in Q4 2024
Raketech, a leading iGaming affiliate and marketing company, has published its financial results for Q4 2024, reporting a significant revenue decline from €22.8 million to...
Gambling.com Group reports record Q4 with $35.2M
A performance marketing and sports betting media company, Gambling.com Group, shared its Q4 2024 results, highlighting the reach of its operating revenues to $35.2 million.
Q4 was the one for the Gambling.com Group as the company reported a net income of $7.8 million and an adjusted EBITDA of $14.7 million, with a solid 42% margin. Operating activities brought in $13.6 million in cash flow, while free cash flow reached $13.1 million.
Looking at the full-year 2024 results, total revenue hit approximately $127.1 million, with a net income of $30.5 million. The company expects its adjusted EBITDA to reach $48.5 million, reflecting a 38% margin. In terms of cash flow, Gambling.com Group generated $37.6 million from operating activities and $41.5 million in free cash flow.
According to the company’s Co-founder and CEO, Charles Gillespie, the revenue surpassed expectations due to the company’s relentless focus on execution and the ability of its global portfolio of websites to continuously drive valuable, high-intent traffic to customers in a capital-efficient manner.
Charles Gillespie commented:
“Our operating performance continues to be led by the strong growth trajectory and attractive unit economics of iGaming revenue across all our operating regions. As reflected in our initial revenue and adjusted EBITDA guidance for 2025, we are confident that our great positioning will drive yet another year of record performance with impressive continued revenue, adjusted EBITDA, and free cash flow growth.”
Gambling.com Group forecasts a stronger 2025
In 2025, Gambling.com Group forecasts to generate a revenue between $170m and $174m and adjusted EBITDA ranging from $67m to $69m.
Gillespie concluded:
“As reflected in our initial revenue and adjusted EBITDA guidance for 2025, we are confident that our great positioning will drive yet another year of record performance with impressive continued revenue, adjusted EBITDA, and free cash flow growth.”
However, the forecast does not include the revenue from Missouri, as according to the company’s policy, the revenue from new state launches is not calculated until they are officially confirmed by the regulators.
10 Days Left to Nominate for Casino Guru Awards 2025
Casino Guru Awards calls for industry professionals, with only 10 days left to submit nominations for select categories before the February 28 deadline.The prestigious...
