Business
Gambling.com Group Reports 2021 Financial Results
Full year North American revenue growth of 89% to $7.5 million, total revenue growth of 51% to $42.3 million Very strong start to Q1, strategic US-facing
About this update from Gambling.com Group Limited
[{"type":"text","content":"\nFull year North American revenue growth of 89% to $7.5 million, total revenue growth of 51% to $42.3 million\n\nVery strong start to Q1, strategic US-facing assets expected to drive record financial performance in 2022\n\n CHARLOTTE, N.C.--(BUSINESS WIRE)--\nGambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a leading provider of digital marketing services for the global online gambling industry, today announced its operating and financial results for the year and the fourth quarter ended December 31, 2021.\n\n2021 Financial Highlights\n\n\nNorth American revenue grew 89% to $7.5 million compared to $4.0 million for the prior year\n\n\nRevenue of $42.3 million grew 51% compared to $28.0 million for the prior year\n\n\nNet income of $12.5 million, or $0.37 per diluted share, compared to a net income of $15.2 million, or $0.49 per diluted share, for the prior year\n\n\nAdjusted EBITDA of $18.4 million increased 26% compared to $14.6 million for the prior year, representing an Adjusted EBITDA margin of 43%1\n\n\nFree cash flow of $8.4 million decreased 22% compared to $10.8 million for the prior year1\n\n\nFourth Quarter 2021 Financial Highlights\n\n\nNorth American revenue grew 56% to $2.2 million compared to $1.4 million in the same period for the prior year\n\n\nRevenue of $10.3 million remained consistent to $10.3 million in the same period for the prior year\n\n\nNet income of $0.9 million, or $0.02 per diluted share, compared to a net income of $8.5 million, or $0.35 per diluted share, in the same period for the prior year\n\n\nAdjusted EBITDA of $2.3 million decreased 63% compared to $6.1 million in the same period for the prior year, representing an Adjusted EBITDA margin of 22%1\n\n\nFree cash flow of $(1.8 million) compared to $3.5 million for the prior year1\n\n\nBusiness Highlights\n\n\nCompleted successful public listing of ordinary shares on the Nasdaq Global Market in July 2021 under the ticker symbol “GAMB”\n\n\nNamed the 2021 EGR Affiliate of the Year and 2021 SBC North America Casino Affiliate of the Year\n\n\nDelivered 117,000 new depositing customers in 2021 compared to 104,000 in 2020\n\n\nLaunched several new U.S.- facing websites during 2021 and acquired an incredibly strong portfolio of U.S. specific domain names\n\n\nAnnounced the acquisition of RotoWire.com – a leader in U...