Gambling.com Group anticipates full-year 2021 revenue of $42.5m
Affiliate highlights impressive start to 2022 as it eyes further gains with acquired brands
Gambling.com Group has announced it expects to post up to $42.5m (£31.3m) in full-year 2021 revenue as its acquired business continues to drive positive financial returns in the early part of 2022.
The affiliate noted it anticipates North American revenue to grow by around 90% with total revenue to land between $42.1m and $42.5m.
Elsewhere, adjusted EBITDA is expected to be between $18.2m and $18.7m.
The group also anticipates its net income to be in the range of $12.4m and $13.1m with a free cashflow between $7.8m and $8.5m.
Gambling.com Group also provided an update for its early performance in 2022, with the firm expecting revenue in January to be the best single-month performance in the group’s 15-year history.
This is without the firm’s acquired brands, in the shape of RotoWire and BonusFinder, which have not yet been consolidated.
Charles Gillespie, Gambling.com Group CEO, said: “The year is off to an incredibly strong start. It is great to see our investments at the end of 2021 start to pay off and help drive strong growth, despite a particularly challenging comparable period in the first quarter of 2021 coinciding with Covid-19 related measures.”
“I am delighted with the strength in our underlying business, even before consolidating revenue from RotoWire in January and BonusFinder from February.
“We continue to invest in the business and expect to deliver another year of strong organic revenue growth complemented with additional revenue from the recent acquisitions,” he added.