GA

Gambling.com Group Limited Ordinary Shares Earnings Recaps

GAMB Consumer Discretionary 3 recaps
Next earnings: November 12, 2026 (estimated) · full calendar
Q2 2026 Aug 15, 2026

Shares of Grandstand Limited edged up modestly by 0.5% following Q2 results that were broadly in line with expectations, with revenue and EBITDA steady but marketing segment showing continued pressure. Investors appeared cautious given the ongoing marketing revenue decline offset by cost restructuring and a stable outlook.

Key takeaways
  • Q2 revenue totaled $37.8 million, adjusted EBITDA reached $7.7 million, both consistent with company guidance.
  • Adjusted free cash flow was nearly $10 million, indicating solid cash generation despite segment headwinds.
  • Sports Data Services revenue grew 12% year-over-year, driven by strong B2B growth, particularly from Optic OS, with B2B now the majority contributor and expected to grow over 50% annually.
  • Marketing revenue declined 10% year-over-year to $26.5 million, primarily due to shrinking SEO revenue, though growth in North America and partner audience monetization partially offset this.
  • Company restructuring has largely concluded, with cost savings expected to boost margins in H2 and into 2027, supporting the reiterated full-year guidance.
Full recap
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.
Full recap
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.
Full recap

Go deeper on GAMB and the wider market.

All earnings recaps Browse the latest results across the market. Stock directory Browse companies by sector and market. Highest-yield stocks A curated screen of top dividend payers. Investing glossary Plain-English definitions for every metric.