Gambling.com Group (GAMB) Company Report

Gambling.com Group Limited entered into an amendment to its Merger Agreement on December 19, 2025, which revises the amount, timing, and form of earnout payments to the shareholders of Odds Holdings, Inc. for fiscal years 2025 and 2026.
The 2025 earnout payment is set at $40.0 million, discounted by 10% on an annualized basis, and will be paid in cash to OH Shareholders on or prior to December 31, 2025.
The 2026 earnout payment is also $40.0 million, scheduled to be paid on April 1, 2027.
The Company has the discretion to pay the 2026 earnout early, with any cash portion discounted by 10% on an annualized basis.
For the 2026 earnout, Gambling.com Group Limited may elect to pay up to 70% (increased from 50%) in its ordinary shares, with the remainder in cash.

Dec 30, 2025, 12:26 PM

6-K

Gambling.com Group Ltd. Reports Q3 2025 Net Loss Amidst Strong Revenue Growth Driven by Acquisitions

GAMB

Earnings

M&A

Share Buyback

Gambling.com Group Ltd. reported total revenues of $38,982 thousand for the three months ended September 30, 2025, representing a 21% increase compared to the same period in 2024, and $119,211 thousand for the nine months ended September 30, 2025, a 30% increase year-over-year.
The company recorded a net loss of $(3,860) thousand for the three months ended September 30, 2025, and a net loss of $(6,041) thousand for the nine months ended September 30, 2025, primarily due to a fair value loss on contingent consideration of $7,531 thousand and $29,163 thousand, respectively, related to the OddsJam Acquisition.
Revenue growth was significantly driven by the OddsJam Acquisition, which contributed to a 55% increase in North America revenue and a 304% increase in Subscription revenue for the three months ended September 30, 2025. Cash flows used in investing activities for the nine months ended September 30, 2025, totaled $84.7 million, with $63.7 million attributed to the OddsJam Acquisition, net of cash acquired.
As of September 30, 2025, the company had $15,319 thousand available under its share repurchase program, which has authorized up to $50,000 thousand in total repurchases since its inception.

Nov 13, 2025, 1:06 PM

6-K

GAMB Reports Strong Q3 2025 Revenue Growth Driven by Sports Data Services, Updates Full-Year Guidance

GAMB

Earnings

Guidance Update

Revenue Acceleration/Inflection

GAMB reported Q3 2025 revenue of $39 million, a 21% increase year-over-year, and adjusted EBITDA of $13 million, up 3% year-over-year.
The sports data services business quadrupled revenue to $9.2 million in Q3 2025, driven by strong enterprise sales and OpticOdds, which doubled its revenue year-over-year. This segment is already responsible for 25% of 2025 revenue.
The marketing business revenue was flat year-over-year due to less favorable search rankings, though dynamics have started to improve since late October. The company expects non-SEO channels to generate more revenue than SEO for the first time in Q4.
The company revised its full-year 2025 guidance to approximately $165 million in revenue and $58 million in adjusted EBITDA. For Q4 2025, revenue is expected to be $46 million, with expectations for mid-teens revenue growth and around 10% adjusted EBITDA growth quarter-over-quarter.
GAMB repurchased approximately 562,000 shares for $4.7 million in Q3 2025, with $14.4 million remaining in its share buyback authorization.

Nov 13, 2025, 1:00 PM

Transcript

Gambling.com Group Reports Q3 2025 Financial Results

GAMB

Earnings

Share Buyback

Guidance Update

Gambling.com Group reported record third-quarter 2025 revenue of $38.98 million, a 21% increase year-over-year, and record Adjusted EBITDA of $13.01 million, up 3% from the prior year.
The company recorded a net loss of $3.86 million, or $(0.11) per diluted share, for Q3 2025, compared to net income of $8.51 million, or $0.24 per diluted share, in Q3 2024.
Sports data services revenue surged 304% year-over-year to $9.2 million, contributing 24% of total revenue, while the marketing business was impacted by low-quality search results in non-U.S. markets.
The company repurchased 562,222 shares at an average price of $8.33 since July 1st, representing nearly 2% of outstanding shares.
Adjusted free cash flow for Q3 2025 was $9.63 million, down from $14.24 million in Q3 2024.

Nov 13, 2025, 12:05 PM

6-K

Gambling.com Group Reports Record Q3 2025 Revenue and Adjusted EBITDA, Adjusts Full-Year Guidance

GAMB

Earnings

Guidance Update

Share Buyback

Gambling.com Group reported record third quarter 2025 revenue of $39.0 million, a 21% increase year-over-year, and record Adjusted EBITDA of $13.0 million, up 3% year-over-year.
The company experienced a net loss of $3.9 million, or $0.11 per share, for Q3 2025, and Adjusted net income decreased 16% to $9.3 million, or $0.26 per share.
The sports data services business saw revenue increase more than 300% year-over-year, contributing 24% of total revenue in Q3 2025, while the marketing business faced persisting challenges from low-quality search results.
Gambling.com Group adjusted its full-year 2025 guidance, expecting revenue of approximately $165 million and Adjusted EBITDA of approximately $58 million.
During Q3 2025, the company repurchased 562,222 shares at an average price of $8.33.

Nov 13, 2025, 12:00 PM

Press Release

Gambling.com Group's American Gambling Awards Recognize White Hat Studios' Product

GAMB

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

White Hat Studios' 7s Fire Blitz Hotstepper™ was named Gaming Product of the Year for 2025 at the American Gambling Awards, marking its second consecutive win in the category.
The product averages 400,000 active players and has logged over 748 million betting rounds across all seven regulated states.
In May 2025, 7s Fire Blitz Hotstepper™ accounted for 2.19% of nationwide iGaming GGR and has delivered 17.27% of White Hat Studios’ GGR and 18% of turnover since its release.
The American Gambling Awards are produced by Gambling.com Group Limited.

Oct 22, 2025, 1:00 PM

Press Release

Gambling.com Group announces FanDuel Sportsbook wins 2025 Online Sportsbook of the Year

GAMB

Product Launch

New Projects/Investments

Revenue Acceleration/Inflection

The American Gambling Awards, produced by Gambling.com Group Limited, named FanDuel Sportsbook "Online Sportsbook of the Year" for 2025, marking its fourth consecutive win.
FanDuel, recognized as America's #1 Sportsbook, reported a 41% quarterly GGR market share in Q2 2025 and a 44% net gaming revenue share.
FanDuel's "Kick of Destiny 3" campaign generated over 16.6 million Super Bowl bets from nearly 3 million active customers, totaling $470 million in handle, a 19% year-over-year increase.
FanDuel introduced new offerings like "YourWay" for customized parlays and enhanced responsible gaming with its "Real-Time Check-In" tool.