Gambling.com Group reported record third quarter results with a 21% year-over-year revenue increase and 3% growth in adjusted EBITDA, driven primarily by their rapidly expanding sports data services business.
- Revenue from the sports data services segment surged over 300% year-over-year, now constituting 25% of total revenue.
- The marketing segment remained flat, impacted by less favorable search rankings; however, improvements in this area were noted late in October.
- OpticOdds, the company’s enterprise solution, doubled its revenue year-over-year, reflecting a growing customer base and enhanced service offerings.
- Recognition of excellence in marketing business with the EGR Affiliate of the Year Award for the third consecutive year highlights brand strength and market position.
- The company expects sustained growth and investment potential in the sports data services sector while maintaining robust cash flow from its marketing business.
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