Gambling.com Group Limited provides marketing and sports data services for the gambling industry in North America, the United Kingdom, Ireland, rest of ...
Gambling.com Group Limited (GAMB) operates in the online gambling ecosystem as a marketing and sports-betting media/digital data provider, rather than as a gambling operator. The company’s core proposition is to help iGaming and social casino businesses acquire users and improve engagement through performance marketing, affiliate-style traffic generation, and sports-betting-related content ...Gambling.com Group Limited (GAMB) operates in the online gambling ecosystem as a marketing and sports-betting media/digital data provider, rather than as a gambling operator. The company’s core proposition is to help iGaming and social casino businesses acquire users and improve engagement through performance marketing, affiliate-style traffic generation, and sports-betting-related content and data. In parallel, it monetizes information products by selling consumer and enterprise data subscriptions tied to sports betting, fantasy, and related markets.
Business model and services center on digital marketing and data. On the marketing side, the group runs and monetizes branded websites (for example, Gambling.com, Bookies.com, Casinos.com, and Freebets.com) that publish odds, reviews, promotions, and guidance for bettors and gamblers. It also operates additional properties such as BonusFinder.com and Spotlight.Vegas (an online booking platform for experiences), plus localized state/country news-and-analysis sites aimed at individual U.S. states and Canadian locations. These assets support lead generation and affiliate-style conversion opportunities for customers in the online gambling industry.
On the data side, the company provides sports betting and fantasy sports data via its sports data platform and under brands such as OddsJam, OpticOdds, and RotoWire. This data offering supports both consumer-facing use (content, insights, and fantasy-related information) and enterprise needs (e.g., data products that help operators and other market participants).
Geographically, the group serves North America, the United Kingdom, Ireland, the rest of Europe, and internationally, reflecting a multi-market approach that typically involves localized content and compliance considerations by jurisdiction.
From an operational/cost perspective, the company is a technology- and content-driven business where key cost categories commonly include marketing operations, editorial/analytics talent, data sourcing and platform development, and sales/marketing expenses to serve iGaming customers. The provided financial snapshot indicates the company has experienced profitability volatility (with negative net margins in the latest TTM snapshot) and relatively constrained liquidity ratios (e.g., current ratio below 1 in the dataset). Revenue quality appears supported by recurring marketing activity and subscriptions, but the business also faces investment needs in product, platform, and growth, which can pressure free cash flow depending on capex and working capital dynamics.
Key people include CEO and co-founder Kevin McCrystle (co-founder alongside Charles Gillespie, who is also cited as a founder). The company was incorporated in 2006 and is headquartered in Saint Helier, Jersey.
Overall, Gambling.com Group’s “wager-adjacent” positioning—delivering media, performance marketing, and betting/fantasy data—allows it to benefit from growth in regulated iGaming markets while competing on traffic quality, content reach, and the usefulness and timeliness of its data products.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$165.4M
+30.1%
-6.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-32.9M
-207.3%
-293.7%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+82.1%
-12.8%
-0.1%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+19.2%
-31.4%
-138.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-19.9%
-182.5%
-321.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$10.8M
+182.7%
+61.9%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+6.5%
+117.3%
+59.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
114.3%
+403.7%
-1.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.21x
+2.9%
-54.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good afternoon, ladies and gentlemen, and welcome to Gambling.com Group's First Quarter 2026 Earnings Conference Call. [Operator Instructions] I would like to advise all parties that this conference call is being recorded. Now I will turn things over to Peter McGough, Senior VP of Investor Relations and Capital Markets. Thank you, and you may proceed, please.
Peter McGough: Good afternoon. Hello, everyone, and welcome to Gambling.com Group's First Quarter 2026 Results Call. I'm Peter McGough, Senior VP of Investor Relations and Capital Markets, and I'm joined by Kevin McCrystle, Co-Founder and incoming Chief Executive Officer; Charles Gillespie, Gambling.com Group's Co-Founder and current Chief Executive Officer; and Elias Mark, Chief Financial Officer. This call is being webcast live through the Investor Relations section of our website at gdcgroup.com/investors, and a downloadable version of the presentation is available there as well. A webcast replay will be available on the website after the conclusion of this call. You may also contact Investor Relations support by e-mailing investors@gdcgroup.com. I would like to remind you that the information contained in this conference call, including any financial and related guidance to be provided, consists of forward-looking statements as defined by securities laws. These statements are based on information currently available to us and involve risks and uncertainties that could cause actual future results, performance and business prospects and opportunities to differ materially from those expressed in or implied by these statements. Some important factors that could cause such differences are discussed in the Risk Factors section of Gambling.com Group's filings with the Securities and Exchange Commission. Forward-looking statements speak only as to the date the statements are made, and the company assumes no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. During the call, there will also be a discussion of non-IFRS financial measures. A description of these non-IFRS financial measures is included in the press release issued earlier this morning. And reconciliations of this non-IFRS financial measures to their most directly comparable IFRS measures are included in the appendix to the presentation and press release, both of which are available in the Investors tab of our website. I'll now turn the call over to Kevin.
Kevin McCrystle: Good afternoon, everyone, and thank you for joining our 2026 first quarter conference call. Given that I will be formally taking over as CEO next week, I will also lead the call today. Elias will follow with a review of the first quarter results, and then Charles will offer some closing comments before we open it up for questions. First quarter revenue was $40.4 million, in line with …
