Business
Gambling.com Group Revenue Grows 63% to a Q2 Record of $26.0 Million, Net Income Rises to $0.3 Million, and Adjusted EBITDA Increases to a Q2 Record of $9.4 Million
Raises 2023 Revenue Guidance to $100-$104 Million and Adjusted EBITDA Guidance to $36-$40 Million; Mid-Points Imply Revenue Growth of 33% and Adjusted EBITDA
About this update from Gambling.com Group Limited
[{"type":"text","content":"\nRaises 2023 Revenue Guidance to $100-$104 Million and Adjusted EBITDA Guidance to $36-$40 Million; Mid-Points Imply Revenue Growth of 33% and Adjusted EBITDA Growth of 58% over the Full Year 2022\n\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 reported record second quarter financial results for the three months ended June 30, 2023. The Company also increased its guidance for full-year revenue and Adjusted EBITDA.\n\n\nSecond Quarter 2023 vs. Second Quarter 2022 Financial Highlights\n(USD in thousands, except per share data, unaudited)\n\n\n\n\n \n\n\n\n\n\n\n\nThree Months Ended June 30,\n\n\n\n\n\n\n \n\n\n\n\n\n\nChange\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n\n2023\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n \n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n\n25,972\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n15,924\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n63\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nNet income for the period attributable to shareholders (1)\n\n\n\n\n\n\n\n278\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n56\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n396\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nNet income per share attributable to shareholders, diluted (1)\n\n\n\n\n\n\n\n0.01\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n0.00\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n100\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nNet income margin (1)\n\n\n\n\n\n\n\n1\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n—\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n\n\nAdjusted net income for the period attributable to shareholders (1)(2)\n\n\n\n\n\n\n\n6,535\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n3,065\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n113\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nAdjusted net income per share attributable to shareholders, diluted (1)(2)\n\n\n\n\n\n\n\n0.17\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n0.08\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n113\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nAdjusted EBITDA (1)(2)\n\n\n\n\n\n\n\n9,424\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n3,617\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n161\n\n\n\n\n\n\n%\n\n\n\n\n\n\n\n\nAdjusted EBITDA Margin (1)(2)\n\n\n\n\n\n\n\n36\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n23\n\n\n\n\n\n\n%\n\n\n...