Gambling.com Group has demonstrated its “capital-efficient business”, achieving all commercial and operating objectives for 2023. Publishing its full-year 2023 accounts this afternoon, the Nasdaq media group confirmed its agreed $42.5m acquisition of FreeBets.com and related European and Canadian market assets from rival publisher XL Media Plc. Prior to the deal announcement, Gambling.com concluded FY2023 trading, achieving peak revenues of $108m, …
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XLMedia sells Euro & CAD network to Gambling.com for $42.5m
XLMedia Plc has informed the markets that it has reached a binding agreement to sell its media assets for Europe and Canada to Gambling.com Group. The deal terms will see Gambling.com acquire XLMedia’s European and Canadian market portfolios for a total consideration of up to $42.5m , including a fixed sum of $37.5 million and a potential earnout of up …
Read More »Gambling.com banks $50m credit facility to bolster balance sheets
The board of Gambling.com Group has announced that it has secured a new $50m credit facility backed by Wells Fargo Bank. The credit facility will be used by the Nasdaq-listed igaming media company for “general corporate purposes, to settle deferred consideration, and to fund potential growth opportunities.” Investors were informed that Wells Fargo will provide its $50m allotment in two …
Read More »Gambling.com: Exploring the Interplay of EEAT and AI: Insights
SBC’s Affiliate Leaders caught up with Edoardo Ganetti, Director of SEO at Gambling.com, ahead of his participation at the CasinoBeats Summit to discuss some of the key talking points during the SEO Chatshow titled ‘E-E-A-T and AI: frenemies or not?’, where he will appear as one of the speakers. The conversation encompassed a range of topics, delving into the correlation …
Read More »Gambling.com closes on 2023 targets as media partnerships accelerate US growth
Gambling.com Group enters the close of 2023 with confidence, continuing to deliver on accelerated growth targets within North American markets. Q3 trading saw the igaming media publisher generate corporate revenues of $23.5m, up 19% on corresponding 2022 results of $19.6m. Coping with the trends of a ‘seasonally slow quarter’, period trading saw Gambling.com deliver more than 86,000 (+26%) new depositing …
Read More »Gambling.com ups 2023 guidance on exceptional US prospects
Gambling.com has raised its full-year guidance on revenue and earnings following what it cited as exceptional H1 trading. Posting its interim H1 2023 results, the global Nasdaq igaming media publisher registered group revenues of $52.7m, reflecting a 48% increase from the 2022 comparative results of $35m. Standalone Q2 results revealed that Gambling.com generated revenues of $26m. Meanwhile, the company doubled …
Read More »Gambling.com to power up betting content for The Independent
Gambling.com Group has announced a breakthrough partnership with The Independent that will expand its media services and content for UK audiences. Nasdaq-listed Gambling.com will deliver in-depth sports betting and online casino content for The Independent, which currently serves over 21 million monthly unique users. The unique content and exclusive offers from Gambling.com will be featured on a dedicated section of …
Read More »Gambling.com studies ‘huge marketing potential’ of Soccer Aid squads
As a mix of footballers and celebrities prepare to take part in the famous charity football match at Old Trafford, Gambling.com reveals which Soccer Aid players do best on social media – a key marketing strategy for organisers. Taking place on 11 June, and having been held annually since 2006, the competition not only raises money for Unicef, but supposedly …
Read More »Gambling.com ups 2023 guidance on strong US & UK growth
Gambling.com Group has raised its full-year guidance as Q1 financial results outperform all business expectations. A strong opening to 2023 trading saw Gambling.com’s corporate revenues stand at $26.7m, up 36% on previous year comparatives of $19.5m. Headline growth was attributed to the continued expansion of Gambling.com North American portfolio which generated a revenue contribution of $14.1m. Period highlights saw the …
Read More »Gambling.com 2022 growth dragged by heavy tech and sales expenses
Gambling.com Group (GAMB) reports robust financial results for 2022, as the Nasdaq affiliate media firm continues to register double-digit growth in its revenue and EBITDA performance. Strong end-of-year trading saw Gambling.com’s revenue more than double year-on-year to $21.3m (Q4 2021: €10.2m), while its Adjusted EBITDA increased by 202% to $6.9m (Q4 2021: €2.3m). Q4 highlights saw its North American media …
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