Gambling.com Group Limited (GAMB) Tops Q2 EPS by 8c, provides guidance

Gambling.com Group Limited (NASDAQ: GAMB) reported Q2 EPS of $0.20, $0.08 better than the analyst estimate of $0.12. Revenue for the quarter came in at $30.54 million versus the consensus estimate of $26.91 million.

GUIDANCE:

Gambling.com Group Limited sees FY2024 revenue of $123-127 million, versus the consensus of $120.5 million nd 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

For earnings history and earnings-related data on Gambling.com Group Limited (GAMB) click here.

You May Also Be Interested In

• IDT Corp. (IDT) Tops Q3 EPS by 2c; offer guidance
• Genco Shipping urges shareholders to reject Diana's $24.80 takeover bid
• PVH Corp. (PVH) Tops Q1 EPS by 19c, Offers Guidance