Gambling.com Group has announced record-breaking revenue growth and net profit in 2023, driven by a stellar fourth quarter performance. The company experienced consistent revenue growth throughout the year, with sales reaching $108.7 million annually.
In the fourth quarter alone, Gambling.com Group reported a record-high revenue, contributing to its overall impressive performance for the year. Several key developments were highlighted as contributing factors to this growth, including the successful launch of Casinos.com and a strategic partnership with British media outlet The Independent.
CEO Charlie Gillespie attributed the company's success to its expanding presence in North America, which has been a significant driver of growth in recent years. Gillespie expressed confidence that this growth trajectory will continue into 2024 and beyond, fueled by ongoing initiatives and partnerships in the region.
Analysts reported a consolidated net income of $11.3 million for the fourth quarter, marking a substantial increase of 140.4%. Additionally, adjusted EBITDA saw a significant rise of 53.6%, reaching $10.6 million during the same period.
