Latest news with #Gambling.comGroup
Yahoo
19-05-2025
- Business
- Yahoo
Gambling.com Group Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
It's been a sad week for Group Limited (NASDAQ:GAMB), who've watched their investment drop 13% to US$12.43 in the week since the company reported its quarterly result. It looks like a credible result overall - although revenues of US$41m were what the analysts expected, Group surprised by delivering a (statutory) profit of US$0.31 per share, an impressive 31% above what was forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. We've discovered 1 warning sign about Group. View them for free. After the latest results, the seven analysts covering Group are now predicting revenues of US$172.1m in 2025. If met, this would reflect a huge 24% improvement in revenue compared to the last 12 months. Statutory per share are forecast to be US$0.98, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$172.3m and earnings per share (EPS) of US$1.04 in 2025. So it looks like there's been a small decline in overall sentiment after the recent results - there's been no major change to revenue estimates, but the analysts did make a minor downgrade to their earnings per share forecasts. View our latest analysis for Group The consensus price target held steady at US$18.57, with the analysts seemingly voting that their lower forecast earnings are not expected to lead to a lower stock price in the foreseeable future. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on Group, with the most bullish analyst valuing it at US$20.00 and the most bearish at US$17.00 per share. This is a very narrow spread of estimates, implying either that Group is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Group's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of Group'shistorical trends, as the 33% annualised revenue growth to the end of 2025 is roughly in line with the 36% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 2.8% per year. So it's pretty clear that Group is forecast to grow substantially faster than its industry. The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple Group analysts - going out to 2027, and you can see them free on our platform here. Before you take the next step you should know about the 1 warning sign for Group that we have uncovered. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
16-05-2025
- Business
- Yahoo
Gambling.com Group First Quarter 2025 Earnings: Beats Expectations
Revenue: US$40.6m (up 39% from 1Q 2024). Net income: US$11.2m (up 54% from 1Q 2024). Profit margin: 28% (up from 25% in 1Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.32 (up from US$0.20 in 1Q 2024). Our free stock report includes 1 warning sign investors should be aware of before investing in Group. Read for free now. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Media industry in the US. Performance of the American Media industry. The company's shares are down 7.3% from a week ago. We don't want to rain on the parade too much, but we did also find 1 warning sign for Group that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Gambling.com Group Reports First Quarter Results Including Record Revenue and Adjusted EBITDA
Reiterates 2025 Full Year Guidance CHARLOTTE, N.C., May 15, 2025--(BUSINESS WIRE)-- Group Limited (Nasdaq: GAMB) (" Group" or the "Company"), a fast-growing provider of marketing and sports data services for the global online gambling industry, today reported financial results for the first quarter ended March 31, 2025. Charles Gillespie, Chief Executive Officer and Co-Founder of Group, commented, "We entered 2025 with our marketing business at all-time highs and with an expanded suite of sports data services having closed the acquisition of OddsJam and OpticOdds on January 1. Since the closing, we have made substantial progress on integrating these offerings into our overall business and the products are performing strongly as expected. With an enhanced sports data services platform, we now have meaningful recurring subscription revenue, which we expect to account for well over 20% of our 2025 revenue, bringing increased revenue visibility and a complimentary, high margin and high growth source of profit and cash flow. "We are reiterating our full year 2025 guidance despite the unpredictable macro environment, as our services address critical problems for all our customers and our industry is typically insulated from the gyrations of the global economy. We continue to expect 2025 to be another year of record revenue, Adjusted EBITDA and Free Cash Flow as we leverage the skills and expertise of our talented team with a larger product offering to drive growth across all our reporting regions. Each day we are moving closer to our goal of generating $100 million in annual Adjusted EBITDA." Elias Mark, Chief Financial Officer of Group, added, "Our first quarter results include record quarterly revenue of $40.6 million and Adjusted EBITDA of $15.9 million, reflecting year-over-year growth of 39% and 56%, respectively. With the solid start to the year, we remain confident in our full year outlook with the midpoints of our guidance for revenue of $172 million and $68 million in Adjusted EBITDA, representing year on year growth of 35% and 40%, respectively." Financial Highlights Three Months Ended March 31, 2025 vs. Three Months Ended March 31, 2024(USD in thousands, except per share data, unaudited) Three Months Ended March 31, Change 2025 2024 % Revenue 40,635 29,215 39 % Net income for the period attributable to shareholders 11,236 7,299 54 % Net income per share attributable to shareholders, diluted 0.31 0.19 63 % Net income margin 28 % 25 % Adjusted net income for the period attributable to shareholders (1) 16,490 9,264 78 % Adjusted net income per share attributable to shareholders, diluted (1) 0.46 0.24 92 % Adjusted EBITDA (1) 15,864 10,159 56 % Adjusted EBITDA Margin (1) 39 % 35 % Cash flows generated by operating activities 11,415 8,806 30 % Free Cash Flow (1) 10,277 8,193 25 % __________(1) Represents a non-IFRS measure. See "Supplemental Information - Non-IFRS Financial Measures" and the tables at the end of this release for reconciliations to the comparable IFRS numbers. First Quarter 2024 and Recent Business Highlights Delivered more than 138,000 new depositing customers ("NDCs") Completed accretive acquisition of Odds Holdings, Inc. on January 1, 2025 for initial consideration of $70 million in cash and $10 million in ordinary shares Expanded credit facility to $165 million with a new syndicate Three Months Ended March 31, 2025 Results Compared to Three Months Ended March 31, 2024 Revenue rose 39% year-over-year to a record $40.6 million. Revenue from marketing services increased 13% year over year to $30.7 million as the Company delivered more than 138,000 NDCs to clients, a 29% increase over the prior-year period. Revenue from sports data services increased 405% year-over-year to $9.9 million, primarily due to the contribution of OddsJam and OpticOdds following the acquisition on January 1. Recurring subscription revenue represented 24% of total 2025 first quarter revenue. Gross profit increased 42% to $38.4 million, due to strong revenue growth while cost of sales was in line with the prior-year period reflecting lower cost of sales for media partnerships offset by the addition of cost of sales related to OddsJam and OpticOdds. Total operating expenses increased 49% to $28.4 million, primarily as a result of increased people costs and higher amortization related to the acquisition of and related assets on April 1, 2024 and the acquisition of Odds Holdings on January 1, 2025. Net income attributable to shareholders increased $3.9 million to $11.2 million and net income per share was $0.31 compared to $0.19 in the prior-year period. Adjusted net income rose 78% to $16.5 million and Adjusted net income per share increased 92% to $0.46. Adjusted EBITDA increased 56% to a record $15.9 million, reflecting an Adjusted EBITDA margin of 39% as compared to Adjusted EBITDA of $10.2 million and an Adjusted EBITDA margin of 35% in the prior-year period. Operating cash flow grew 30% to $11.4 million. Free cash flow increased 25% to $10.3 million, reflecting growth in Adjusted EBITDA partly offset by working capital movements. 2025 Outlook Group today reiterated the 2025 full-year revenue and Adjusted EBITDA guidance originally provided on February 19, 2025. The Company expects full year revenue of $170 million to $174 million and Adjusted EBITDA of $67 million to $69 million. The midpoints of the new full year revenue and Adjusted EBITDA guidance ranges represent year-over-year growth of 35% and 40%, respectively, and an Adjusted EBITDA margin of 39.5%. The Company's guidance assumes: Incremental Adjusted EBITDA contributions of approximately $14.5 million related to the acquisition of Odds Holdings, Inc. that was completed on January 1, 2025. No additional North American markets coming online over the balance of 2025. While online sports betting is expected to begin in Missouri in the second half of 2025, the Company's guidance policy excludes any benefits from new state launches until such time as a definitive start date is announced by the appropriate regulatory body. An average EUR/USD exchange rate of 1.10 throughout 2025. Conference Call Details Date/Time: Thursday, May 15, 2025, at 8:00 a.m. ET Webcast: U.S. Toll-Free Dial In: 877-407-0890 International Dial In: 1 201-389-0918 To access, please dial in approximately 10 minutes before the start of the call. An archived webcast of the conference call will also be available in the News & Events section of the Company's website at Information contained on the Company's website is not incorporated into this press release. About Group Limited Group Limited (Nasdaq: GAMB) (the "Group") is a fast-growing provider of marketing and sports data services for the global online gambling industry. Founded in 2006, the Group operates globally, primarily from offices in the United States and Ireland. The Group helps online gambling operators, including for iGaming and sports betting, acquire new customers in 19 national markets across more than ten languages through a portfolio of premier branded websites including and Under the OddsJam, OpticOdds and RotoWire brands, the Group's sports data services assist consumers and powers enterprises to succeed in sports betting and fantasy sports. Use of Non-IFRS Measures This press release contains certain non-IFRS financial measures, such as Adjusted Net Income, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, and related ratios. See "Supplemental Information - Non-IFRS Financial Measures" and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers. Cautionary Note Concerning Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that relate to our current expectations and views of future events. All statements other than statements of historical facts contained in this press release, including statements relating to whether 2025 will be another year of record revenue, Adjusted EBITDA and Free Cash Flow, the percentage of 2025 revenue expected from recurring subscription revenue, whether we can achieve $100 million in annual Adjusted EBITDA, and our 2025 outlook, are all forward-looking statements. These statements represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. In some cases, you can identify forward-looking statements by terms such as "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," "could," "will," "would," "ongoing," "future" or the negative of these terms or other similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements involve known and unknown risks, uncertainties, contingencies, changes in circumstances that are difficult to predict and other important factors that may cause our actual results, performance, or achievements to be materially and/or significantly different from any future results, performance or achievements expressed or implied by the forward-looking statement. Important factors that could cause actual results to differ materially from our expectations are discussed under "Item 3. Key Information - Risk Factors" in Group's annual report filed on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the "SEC") on March 20, 2025, and Group's other filings with the SEC as such factors may be updated from time to time. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Group disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. Consolidated Statements of Comprehensive Income (Unaudited)(USD in thousands, except per share amounts) The following table details the consolidated statements of comprehensive income for the three months ended March 31, 2025 and 2024 in the Company's reporting currency and constant currency. Reporting Currency Constant Currency Three Months Ended March 31, Change Change 2025 2024 % % Revenue 40,635 29,215 39 % 43 % Cost of sales (2,246 ) (2,233 ) 1 % 4 % Gross profit 38,389 26,982 42 % 47 % Sales and marketing expenses (15,163 ) (9,612 ) 58 % 63 % Technology expenses (5,193 ) (3,215 ) 62 % 67 % General and administrative expenses (7,675 ) (6,304 ) 22 % 26 % Movements in credit losses allowance and write-offs (329 ) 40 (923 )% (944 )% Operating profit 10,029 7,891 27 % 31 % Finance income 3,894 944 313 % 325 % Finance expenses (2,974 ) (454 ) 555 % 574 % Income before tax 10,949 8,381 31 % 35 % Income tax credit (charge) 287 (1,082 ) (127 )% (127 )% Net income for the period attributable to shareholders 11,236 7,299 54 % 59 % Other comprehensive income (loss) Exchange differences on translating foreign currencies 1,409 (2,594 ) (154 )% (156 )% Total comprehensive income for the period attributable to shareholders 12,645 4,705 169 % 177 % Consolidated Statements of Financial Position (Unaudited)(USD in thousands) MARCH 31, 2025 DECEMBER 31, 2024 ASSETS Non-current assets Property and equipment 2,063 1,833 Right-of-use assets 4,421 4,632 Intangible assets 248,143 130,811 Deferred tax asset 5,812 6,418 Total non-current assets 260,439 143,694 Current assets Trade and other receivables 23,969 21,160 Cash and cash equivalents 21,498 13,729 Total current assets 45,467 34,889 Total assets 305,906 178,583 EQUITY AND LIABILITIES Equity Share capital — — Capital reserve 89,160 78,037 Treasury shares (29,998 ) (29,998 ) Share-based compensation reserve 11,106 10,624 Foreign exchange translation deficit (9,403 ) (10,812 ) Retained earnings 86,573 75,337 Total equity 147,438 123,188 Non-current liabilities Lease liability 3,609 3,819 Deferred consideration 1,741 — Deferred tax liability 7,876 2,258 Contingent consideration 24,217 — Borrowings 78,114 19,582 Total non-current liabilities 115,557 25,659 Current liabilities Trade and other payables 7,640 10,205 Deferred income 5,366 2,616 Deferred consideration 11,176 11,277 Borrowings and accrued interest 10,402 3,349 Lease liability 1,278 1,213 Income tax payable 7,049 1,076 Total current liabilities 42,911 29,736 Total liabilities 158,468 55,395 Total equity and liabilities 305,906 178,583 Consolidated Statements of Cash Flows (Unaudited)(USD in thousands) Three months ended March 31, 2025 2024 Cash flow from operating activities Income before tax 10,949 8,381 Finance income, net (920 ) (490 ) Income tax (paid) reimbursed (753 ) 214 Adjustments for non-cash items: Depreciation and amortization 3,776 624 Movements in credit loss allowance and write-offs 329 (40 ) Share-based payment expense 1,409 837 Cash flows from operating activities before changes in working capital 14,790 9,526 Changes in working capital Trade and other receivables (2,207 ) 2,240 Trade and other payables (1,168 ) (2,960 ) Cash flows generated by operating activities 11,415 8,806 Cash flows from investing activities Acquisition of property and equipment (311 ) (72 ) Capitalization of internally developed intangibles (827 ) (541 ) Acquisition of subsidiaries, net of cash acquired (66,955 ) — Interest received from bank deposits 36 74 Payment of deferred consideration in relation to business combinations (300 ) (4,450 ) Cash flows used in investing activities (68,357 ) (4,989 ) Cash flows from financing activities Exercise of options 588 106 Treasury shares acquired — (3,084 ) Proceeds from borrowings 94,500 — Transaction costs related to borrowings (5,656 ) — Repayment of borrowings (23,381 ) — Interest payment attributable to third party borrowings (1,730 ) — Interest payment attributable to deferred consideration settled — (550 ) Principal paid on lease liability (213 ) (100 ) Interest paid on lease liability (74 ) (34 ) Cash flows generated from (used in) financing activities 64,034 (3,662 ) Net movement in cash and cash equivalents 7,092 155 Cash and cash equivalents at the beginning of the period 13,729 25,429 Net foreign exchange differences on cash and cash equivalents 677 (266 ) Cash and cash equivalents at the end of the period 21,498 25,318 Earnings Per Share Below is a reconciliation of basic and diluted earnings per share as presented in the Consolidated Statement of Comprehensive Income for the period specified, stated in USD thousands, except per share amounts (unaudited): Three Months Ended March 31, Reporting Currency Change Constant Currency Change 2025 2024 % % Net income for the period attributable to shareholders 11,236 7,299 54 % 59 % Weighted-average number of ordinary shares, basic 35,572,365 37,088,365 (4 )% (4 )% Net income per share attributable to shareholders, basic 0.32 0.20 60 % 63 % Net income for the period attributable to shareholders 11,236 7,299 54 % 59 % Weighted-average number of ordinary shares, diluted 36,219,725 38,175,047 (5 )% (5 )% Net income per share attributable to shareholders, diluted 0.31 0.19 63 % 63 % Disaggregated Revenue Revenue is disaggregated based on how the nature, amount, timing and uncertainty of the revenue and cash flows are affected by economic factors. Marketing Performance marketing. Performance marketing revenue consists of (i) CPA revenue from arrangements where we are paid exclusively by a single cash payment for each referred player, (ii) revenue share arrangements where we are paid exclusively by a share of the customer's net gambling revenue ("NGR") from the referred players, and (iii) hybrid revenue from arrangements where we are paid by both a CPA commission and a revenue share commission from the referred players. Advertising and other. Advertising, media and other revenue includes revenue from arrangements not based on the referred players and includes advertising on our platform and onboarding fees. Data Subscription. Data revenue consists of consumer and enterprise subscription revenue from data, data analytics and data syndication services. Three Months Ended March 31, Change 2025 2024 2025 vs 2024 Marketing 30,736 27,256 13 % Data 9,899 1,959 405 % Total revenues 40,635 29,215 39 % The Company presents revenue as disaggregated by market based on the location of end user as follows: Three Months Ended March 31, Change 2025 2024 2025 vs 2024 North America 20,979 14,816 42 % U.K. and Ireland 11,085 8,920 24 % Other Europe 5,935 3,861 54 % Rest of the world 2,636 1,618 63 % Total revenues 40,635 29,215 39 % The Company presents disaggregated revenue by monetization type as follows: Three Months Ended March 31, Change 2025 2024 2025 vs 2024 Performance marketing 25,731 23,373 10 % Subscription 9,899 1,959 405 % Advertising & other 5,005 3,883 29 % Total revenues 40,635 29,215 39 % The Company also tracks its revenues based on the product type from which it is derived. Revenue disaggregated by product type was as follows: Three Months Ended March 31, Change 2025 2024 2025 vs 2024 Casino 24,576 19,810 24 % Sports 15,384 9,137 68 % Other 675 268 152 % Total revenues 40,635 29,215 39 % Supplemental Information Rounding We have made rounding adjustments to some of the figures included in the discussion and analysis of our financial condition and results of operations together with our consolidated financial statements and the related notes thereto. Accordingly, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that preceded them. Non-IFRS Financial Measures Management uses both IFRS and non-IFRS financial measures in analyzing and assessing the overall performance of the business and for making operational decisions. Adjusted Net Income and Adjusted Net Income Per Share In the fourth quarter of 2024, we changed our definition of Adjusted net income, a non-IFRS financial measure, to net income attributable to shareholders adjusted to exclude the effect of non-recurring items, significant non-cash items, share-based payment expense, fair value movements related to contingent consideration, unwinding of deferred consideration, amortization expenses related to acquired businesses and assets, and other items that our board of directors believes do not reflect the underlying performance of the business, including acquisition related expenses, such as acquisition related costs and bonuses. Previously, Adjusted net income, a non-IFRS financial measure, was defined as net income attributable to shareholders excluding the fair value gain or loss related to contingent consideration, unwinding of deferred consideration, and certain employee bonuses related to acquisitions. We believe this more appropriately reflects the measurement of Adjusted net income as it includes adjustments for non-recurring items and significant non-cash items in addition to fair value movements related to contingent consideration and unwinding of deferred consideration. Adjusted net income per diluted share is a non-IFRS financial measure defined as Adjusted net income attributable to shareholders divided by the diluted weighted average number of common shares outstanding. We believe Adjusted net income and Adjusted net income per diluted share are useful to our management as a measure of comparative performance from period to period as these measures remove the effect of the fair value gain or loss related to the contingent consideration, unwinding of deferred consideration, and certain employee bonuses, all associated with our acquisitions, during the limited period where these items are incurred. The unwinding of deferred and contingent consideration during the three months ended March 31, 2025 is mainly associated with the unwinding of the discount applied to the valuation of deferred consideration for the acquisition of the Assets and the deferred and contingent consideration for the acquisition of Odds Holdings, Inc. completed January 1, 2025. The unwinding of deferred consideration and employee bonuses incurred until April 2024 relate to the Company's acquisition of Roto Sports and BonusFinder. See Note 5 of the consolidated financial statements for the year ended December 31, 2023 filed on March 21, 2024 for a description of the contingent and deferred considerations associated with our 2022 acquisitions. While we use Adjusted net income and Adjusted net income per share as tools to enhance our understanding of certain aspects of our financial performance, we do not believe that Adjusted net income and Adjusted net income per share are substitutes for, or superior to, the information provided by IFRS results. As such, the presentation of Adjusted net income and Adjusted net income per share is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with IFRS. The primary limitations associated with the use of Adjusted net income and Adjusted net income per share as compared to IFRS results are that Adjusted net income and Adjusted net income per share as we define them may not be comparable to similarly titled measures used by other companies in our industry and that Adjusted net income and Adjusted net income per share may exclude financial information that some investors may consider important in evaluating our performance. The following tables reconcile Adjusted net income and Adjusted net income per share, diluted from net income for the period attributable to the shareholders and net income per share attributed to shareholders, diluted as presented in the Consolidated Statements of Comprehensive Income and for the period specified (unaudited): Reporting Currency Constant Currency Three months ended March 31, Change Change 2025 2024 % % (USD in thousands) Revenue 40,635 29,215 39 % 43 % Net income for the period attributable to shareholders 11,236 7,299 54 % 59 % Net income margin 28 % 25 % Net income for the period attributable to shareholders 11,236 7,299 54 % 59 % Unwinding of deferred consideration (1) 684 253 170 % 178 % Deferred revenue fair value adjustment (1) 325 — 100 % 100 % Share-based payment and related expense (2) 1,409 837 68 % 73 % Acquisition related costs (2) 325 807 (60 )% (59 )% Amortization expense related to acquired businesses and assets (2) 2,800 173 1518 % 1567 % Tax effect of the adjusting costs (2) (289 ) (105 ) 175 % 183 % Adjusted net income for the period attributable to shareholders 16,490 9,264 78 % 83 % __________(1) There is no tax impact from unwinding of deferred consideration related to acquisition.(2) Tax effect of adjusting costs is computed based on acquisition related costs and certain amortization charges related to acquired businesses and assets using effective tax rate for each period. Reporting Currency Constant Currency Three months ended March 31, Change Change 2025 2024 % % Net income per share attributable to shareholders, basic 0.32 0.20 60 % 63 % Effect of adjustments for unwinding on deferred, basic 0.02 0.01 100 % 100 % Effect of adjustments for deferred revenue fair value adjustment, basic 0.01 0.00 100 % 100 % Effect of adjustments for share-based payment and related expense, basic 0.04 0.02 100 % 100 % Effect of adjustments for acquisition related costs, basic 0.01 0.02 (50 )% (50 )% Effect of adjustments for amortization expense related to acquired businesses and assets, basic 0.08 0.00 100 % 100 % Effect of tax adjustments, basic (0.01 ) 0.00 (100 )% (100 )% Adjusted net income per share attributable to shareholders, basic 0.46 0.25 84 % 92 % Net income per share attributable to ordinary shareholders, diluted 0.31 0.19 63 % 63 % Adjusted net income per share attributable to shareholders, diluted 0.46 0.24 92 % 92 % EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin EBITDA is a non-IFRS financial measure defined as earnings excluding interest, income tax (charge) credit, depreciation, and amortization. Adjusted EBITDA is a non-IFRS financial measure defined as EBITDA adjusted to exclude the effect of non-recurring items, significant non-cash items, share-based payment expense, foreign exchange gains (losses), fair value of contingent consideration, and other items that our board of directors believes do not reflect the underlying performance of the business, including acquisition related expenses, such as acquisition related costs and bonuses. Adjusted EBITDA Margin is a non-IFRS measure defined as Adjusted EBITDA as a percentage of revenue. We believe Adjusted EBITDA and Adjusted EBITDA Margin are useful to our management team as a measure of comparative operating performance from period to period as those measures remove the effect of items not directly resulting from our core operations including effects that are generated by differences in capital structure, depreciation, tax effects and non-recurring events. While we use Adjusted EBITDA and Adjusted EBITDA Margin as tools to enhance our understanding of certain aspects of our financial performance, we do not believe that Adjusted EBITDA and Adjusted EBITDA Margin are substitutes for, or superior to, the information provided by IFRS results. As such, the presentation of Adjusted EBITDA and Adjusted EBITDA Margin is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with IFRS. The primary limitations associated with the use of Adjusted EBITDA and Adjusted EBITDA Margin as compared to IFRS results are that Adjusted EBITDA and Adjusted EBITDA Margin as we define them may not be comparable to similarly titled measures used by other companies in our industry and that Adjusted EBITDA and Adjusted EBITDA Margin may exclude financial information that some investors may consider important in evaluating our performance. Below is a reconciliation to EBITDA and Adjusted EBITDA from net income attributable to shareholders for the period as presented in the Consolidated Statements of Comprehensive Income for the period specified (unaudited): Reporting Currency Constant Currency Three Months Ended March 31, Change Change 2025 2024 % % (USD in thousands) Net income for the period attributable to shareholders 11,236 7,299 54 % 59 % Add back (deduct): Interest expenses on borrowings and lease liability 2,078 34 6012 % 6197 % Interest income (36 ) (74 ) (51 )% (51 )% Income tax charge (287 ) 1,082 (127 )% (127 )% Depreciation expense 126 70 80 % 85 % Amortization expense 3,650 554 559 % 580 % EBITDA 16,767 8,965 87 % 93 % Share-based payment and related expense 1,409 837 68 % 74 % Deferred revenue fair value adjustment 325 — 100 % 100 % Unwinding of deferred consideration 684 253 170 % 179 % Foreign currency translation losses (gains), net (3,768 ) (719 ) 424 % 441 % Other finance results 122 16 663 % 663 % Acquisition related costs (1) 325 807 (60 )% (58 )% Adjusted EBITDA 15,864 10,159 56 % 61 % __________(1) The acquisition costs are related to historical and contemplated business combinations of the Group. Below is the Adjusted EBITDA Margin calculation for the period specified stated in the Company's reporting currency and constant currency (unaudited): Reporting Currency Constant Currency Three Months Ended March 31, Change Change 2025 2024 % % (USD in thousands, except margin) Revenue 40,635 29,215 39 % 43 % Adjusted EBITDA 15,864 10,159 56 % 61 % Adjusted EBITDA Margin 39 % 35 % In regard to forward looking non-IFRS guidance, we are not able to reconcile the forward-looking non-IFRS Adjusted EBITDA measure to the closest corresponding IFRS measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items including, but not limited to, fair value movements, share-based payments for future awards, acquisition-related expenses and certain financing and tax items. Free Cash Flow Free Cash Flow is a non-IFRS liquidity financial measure defined as cash flow from operating activities less capital expenditures. In the second quarter of 2024, we changed our definition of Free Cash Flow to exclude from capital expenditures the cash flows related to asset acquisitions, in addition to cash flows related to business combinations. Previously, cash flows related to business combinations but not asset acquisitions were excluded from capital expenditures. We believe that this more appropriately reflects the measurement of Free Cash Flow as it includes capital expenditures related to internal development, ongoing maintenance and acquisition of property and equipment in the ordinary course of business but excludes discretionary acquisitions. We believe Free Cash Flow is useful to our management team as a measure of financial performance as it measures our ability to generate additional cash from our operations. While we use Free Cash Flow as a tool to enhance our understanding of certain aspects of our financial performance, we do not believe that Free Cash Flow is a substitute for, or superior to, the information provided by IFRS metrics. As such, the presentation of Free Cash Flow is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with IFRS. The primary limitation associated with the use of Free Cash Flow as compared to IFRS metrics is that Free Cash Flow does not represent residual cash flows available for discretionary expenditures because the measure does not deduct the payments required for debt payments and other obligations or payments made for acquisitions. Free Cash Flow as we define it also may not be comparable to similarly titled measures used by other companies in the online gambling affiliate industry. Below is a reconciliation to Free Cash Flow from cash flows generated by operating activities as presented in the Consolidated Statements of Cash Flows for the period specified (unaudited): Three Months Ended March 31, Change 2025 2024 % (in thousands USD, unaudited) Cash flows generated by operating activities 11,415 8,806 30 % Adjustment for items presenting in investing activities: Capital Expenditures (1): Acquisition of property and equipment (311 ) (72 ) 332 % Capitalization of internally developed intangibles (827 ) (541 ) 53 % Free Cash Flow 10,277 8,193 25 % __________(1) Capital expenditures for Free Cash Flow are defined as the acquisition of property and equipment, and capitalized research and development costs, and excludes cash flows related to acquisitions accounted for as business combinations and asset acquisitions, as described above. View source version on Contacts For further information, please contact:Investors: Peter McGough, Group, investors@ Richard Land, Norberto Aja, JCIR, GAMB@ 212-835-8500Media: Christine Doh, Group; media@ Sign in to access your portfolio
Business Wire
05-05-2025
- Business
- Business Wire
Casinos.com Launches Voting for First-Ever International Casinos Awards
LONDON--(BUSINESS WIRE)-- today announced the opening of public voting for the inaugural International Casinos Awards, a celebration of excellence in global casino entertainment. The awards are the centerpiece of the newly launched International Casinos Day, a day dedicated to recognising the casinos that bring excitement, employment, and unforgettable experiences to millions of people around the world. The awards span more than 100 categories, from the Best Casinos in different areas around the globe to the Best Casino for Slots, Best Casino Restaurant, and Best Casino Entertainer. Casino visitors and users will also determine the winner of the Royal Flush Award, honoring the best remarkable casino lavatory, and the ultimate title: Best Casino in the World. Voting is now open at Casino Awards Voting Now Underway Nominations have been collected, and voting is officially open. Readers can cast their vote for the best in the business and weigh in on their favorite casino properties in dozens of categories. Winners will be announced this summer. 'The International Casino Awards is for casino patrons, not industry insiders,' said Lee Gwilliam, SVP of 'We wanted players to have their say in what really matters to them.' A Global Celebration of Joy and Jobs The first-ever International Casinos Day also launched this year by will be on May 15 – in honor of Las Vegas's 120th birthday. Las Vegas Mayor Shelley Berkley will make it official, issuing a proclamation on May 15 confirming the date while calling on everyone in Las Vegas to join the city in celebrating International Casinos Day. This new annual observance recognises the unique role casinos play in local economies and global culture, and highlights how they make a difference to their communities. From the blackjack tables of Las Vegas to waterfront properties in Singapore and Brighton and tribal casinos across North America, casinos entertain millions, employ hundreds of thousands, and support vibrant entertainment and hospitality scenes. 'It's good to see casinos finally getting their own holiday,' Gwilliam said. 'Casinos are about so much more than sitting at a blackjack table late at night. They're well-rounded resorts with world-class restaurants, top-tier spas, and top entertainment. Online, you can access many of the same games. They create jobs, fund public services, and have become a vital part of our culture, economy, and local communities.' Vote Now and Join the Celebration Voting is now open for casino patrons in London, Birmingham, Liverpool, Ireland and in over 70 other locations in the U.S. and globally. About and Group is a leading source for casino news, reviews, and rankings, serving players around the world. It is part of Group Limited (Nasdaq: GAMB), a publicly traded company that operates more than 50 websites dedicated to helping consumers navigate regulated gambling markets. Group provides trusted resources for bettors and players through editorial content, rankings, product comparisons, and expert insights, with a mission to support safe and informed entertainment. This press release may contain forward-looking statements, including projections or expectations related to the International Casino Awards and Actual results may differ materially due to various risks and uncertainties. For more information, visit
Yahoo
01-05-2025
- Business
- Yahoo
Gambling.com Group Limited's (NASDAQ:GAMB) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?
With its stock down 8.7% over the past three months, it is easy to disregard Group (NASDAQ:GAMB). However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Specifically, we decided to study Group's ROE in this article. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Group is: 25% = US$31m ÷ US$123m (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.25 in profit. Check out our latest analysis for Group Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Depending on how much of these profits the company reinvests or "retains", and how effectively it does so, we are then able to assess a company's earnings growth potential. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. Firstly, we acknowledge that Group has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 11% also doesn't go unnoticed by us. As a result, Group's exceptional 31% net income growth seen over the past five years, doesn't come as a surprise. As a next step, we compared Group's net income growth with the industry, and pleasingly, we found that the growth seen by the company is higher than the average industry growth of 6.7%. Earnings growth is a huge factor in stock valuation. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. Is Group fairly valued compared to other companies? These 3 valuation measures might help you decide. Group doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above. Overall, we are quite pleased with Group's performance. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. That being so, a study of the latest analyst forecasts show that the company is expected to see a slowdown in its future earnings growth. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
