Gambling.com Agrees To Acquire Odds Holdings, Inc., The Parent Company Of OddsJam; Odds Holdings Stockholders To Receive Initial $80M And May Receive Up To Additional $80M Based On Business Performance

Benzinga · Dec 12, 2024 20:05

Under the terms of the agreement, Odds Holdings stockholders will receive initial consideration of $80 million and may receive up to an additional $80 million based on Odds Holdings' business performance through the end of 2026.

Closing is expected to occur on January 1, 2025 and is subject to customary closing conditions. The transaction will be immediately accretive to Gambling.com Group's operating results upon closing.

For 2024, Odds Holdings expects to generate revenue and Adjusted EBITDA of approximately $26 million and $12 million, respectively. Gambling.com Group expects that under its management Adjusted EBITDA derived from the Odds Holdings assets will grow by at least 20% in 2025.

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Gambling.com Agrees To Acquire Odds Holdings, Inc., The Parent Company Of OddsJam; Odds Holdings Stockholders To Receive Initial $80M And May Receive Up To Additional $80M Based On Business Performance

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