Gambling.com Group 2024 Outlook: The Company Now Expects Revenue Of $123M-$127M (Prior $118M-$122M) Vs. $120.52M Consensus And Adjusted EBITDA Of $44M-$47M (Prior $40M-$44M)

Author: Benzinga Newsdesk | August 15, 2024 07:11am

2024 Outlook

Gambling.com Group today updated its 2024 full-year revenue and Adjusted EBITDA guidance. The Company now expects full year revenue of $123 million to $127 million and Adjusted EBITDA of $44 million to $47 million. The midpoints of the new full year revenue and Adjusted EBITDA guidance ranges represent year-over-year growth of 15% and 24%, respectively. The Company's updated outlook compares to the guidance provided on May 16, 2024 for revenue of $118 million to $122 million and Adjusted EBITDA of $40 million to $44 million.

The Company's guidance assumes:

• No additional North American markets come online over the balance of 2024
• Apart from the completed acquisition of Freebets.com and related assets, no benefit from any additional acquisitions in 2024
• Full year cost of sales of approximately $6.5 million, of which $3.7 million was incurred in the first half of 2024
• An average EUR/USD exchange rate of 1.09 throughout 2024

Posted In: GAMB