The following is a summary of the Gambling.com Group Limited (GAMB) Q3 2024 Earnings Call Transcript:
Financial Performance:
Gambling.com Group reported Q3 2024 revenue of $32.1 million, a 37% year-over-year increase, with adjusted EBITDA of $12.6 million, marking a 108% increase.
Strong iGaming revenue growth contributed significantly, particularly from the UK, Ireland, and other European regions.
Record free cash flow was $14.2 million for the quarter.
Adjusted net income for the quarter rose 65% to $8.9 million.
Business Progress:
Continued dominance in iGaming and sports betting across regulated markets.
Successful integration of Freebets.com, enhancing organic growth and technical capabilities.
Launched initiatives in new geographic markets such as Greece and Romania, while growing traction in existing markets like Italy, the Netherlands, and German-speaking regions.
Plans for further international expansion and market share gains, particularly in the U.S. through strategic M&A and natural growth.
Opportunities:
Prospective market entries like Missouri (U.S.) and ongoing expansions in existing markets might provide new growth avenues.
Increased opportunities for share repurchases and accretive M&A activities.
Risks:
Anticipated challenges in North America with short-term growth expectations due to strong previous year comparables and policy changes impacting partnerships.
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.