Gambling.com Confirms Strong Q1 with $40.6 Million Revenue

Gambling.com Group shared its Q1 results for the period ending March 31, 2025, showing solid growth across revenue, profit, and data services. The company saw momentum in both its marketing and data operations, with new acquisitions playing a key role in the gains.

Good to know

• Revenue from North America rose 42 percent to $20.98 million.
• Adjusted EBITDA jumped 56 percent to $15.9 million.
• Sports data now expected to generate over 20 percent of 2025 revenue.

Total revenue reached $40.6 million in Q1, a 39 percent increase compared to the same quarter last year. Growth came from both core areas—Marketing and Data. The Marketing division brought in $30.7 million, rising 13 percent year-over-year, while Data revenue climbed sharply by 405 percent to $9.9 million.

That spike in Data was linked to the January acquisition of OddsJam and OpticOdds, which have since been integrated into the company’s platform. CEO Charles Gillespie commented, “We entered 2025 with our marketing business at all-time highs and with an expanded suite of sports data services having closed the acquisition of OddsJam and OpticOdds on January 1.”

Gillespie added that the integration is progressing well and that the company now has a new stream of recurring revenue from subscriptions. He said, “With an enhanced sports data services platform, we now have meaningful recurring subscription revenue, which we expect to account for well over 20% of our 2025 revenue.”

North America led all markets, contributing $20.98 million in revenue—up 42 percent from Q1 2024. UK and Ireland followed with $11.09 million, a 24 percent increase. Europe (excluding UK and Ireland) grew 54 percent to $5.94 million, while the Rest of the World rose 63 percent to $2.63 million.

Gross profit improved 42 percent to $38.39 million, although operating expenses also increased 49 percent to $28.4 million. This was mainly due to higher personnel costs following the acquisitions.

Gambling.com delivered $15.9 million in adjusted EBITDA for the quarter, lifting the margin from 35 percent last year to 39 percent. CFO Elias Mark said, “Our first quarter results include record quarterly revenue of $40.6 million and adjusted EBITDA of $15.9 million, reflecting year-over-year growth of 39% and 56%, respectively.”

Looking ahead

The company is sticking with its 2025 guidance despite global uncertainty. It expects full-year revenue between $170 million and $174 million, with adjusted EBITDA forecasted between $67 million and $69 million.

Gillespie explained, “We are reiterating our full year 2025 guidance despite the unpredictable macro environment, as our services address critical problems for all our customers and our industry is typically insulated from the gyrations of the global economy.”

He also said the business is working toward a longer-term milestone. “Each day we are moving closer to our goal of generating $100 million in annual adjusted EBITDA.”

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