Gambling.com Group Limited Ordinary Shares Earnings Recaps
Q1 2026
May 16, 2026
Shares plunged 41.7% following earnings as investors reacted negatively to continued deceleration and margin pressure in the marketing segment, alongside a cautious near-term outlook exacerbated by regulatory headwinds and weakening SEO performance.
Key takeaways
- Total Q1 revenue of $40.4 million was flat year-over-year, reflecting growth in sports data services offset by a 5% decline in marketing revenue.
- Sports data services grew 13% to $11.2 million, now representing 28% of total revenue, driven by strong OpticOdds performance and international expansion.
- Marketing revenue fell due to ongoing challenges with search ranking, regulatory impacts in the UK and Finland, and lower revenue share hold rates.
- Diversification away from SEO continues, with non-SEO revenue exceeding SEO revenue for the second consecutive quarter, but this shift has compressed near-term margins.
- Management targets revenue, adjusted EBITDA, and free cash flow expansion in H2 2026, though investors appear unconvinced by the cautious outlook and margin pressures.
Q3 2025
Nov 13, 2025
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.
Key takeaways
- 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.