The sports betting media company Gambling.com Group has announced its financial results from the first quarter of 2025, with a massive increase seen in revenue.
A record $40.6 million in revenue was seen, with this marking a substantial 39% increase from what was seen in the same quarter last year.
“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.”
The company owns a number of brands including Gambling.com, Rotowire, Bookies.com, Casinos.com, OddsJam, WhichBingo, and several more.
Recurring subscription revenue represented 24% of the total 2025 first quarter revenue, with marketing services revenue having also increased.
The gross profit went up by 42% to $38.4 million with strong revenue growth listed as the reasoning. As for total operating expenses, these increased 49% to $28.4 million due to “increased people costs and higher amortization related to the acquisition of Freebets.com” and the acquisition of Odds Holdings.
Gambling.com Group ‘remain confident’ in full year outlook
When looking back at the first quarter, the CEO and co-founder of Gambling.com Group Charles Gillespie said: “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.”
Looking forward to the rest of the year, the CEO states they expect it to be a record year: “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.”
Featured Image: AI-generated via Ideogram
