Gambling.com Group scores 52% revenue rise in Q3
US-facing affiliate firm’s technology platform powers organic growth as it ramps up product and marketing investment
Gambling.com has posted a 52% year-on-year rise in Q3 revenue as the affiliate firm continues to record exponential organic growth.
The firm recorded Q3 2020 revenue of €6.3m, up from €4.2m in Q3 2019, as EBITDA, net cash and new depositing customers (NDCs) all increased too.
EBITDA rose from €0.47m in Q3 2019 to €3.3m in Q3 2020, while net cash generated leapt from €0.88m to €3.47m YoY. NDCs increased 53% YoY to 28,108.
The positive Q3 results follow the launch of SlotSource.com in the US market at the end of July, while the affiliate also received approval from the Illinois Department of Business Services to provide marketing services to operators in the Prairie State.
Gambling.com’s first nine months of 2020 have also bested the first nine months of 2019, with revenue, EBITDA and net cash generated all up.
Charles Gillespie, Gambling.com CEO, said the firm would turn its focus to scaling up investment in product and marketing spend following the positive results.
Gillespie said: “The group delivered another record performance in Q3, with quarterly revenue growing 52% year over year and 11% sequentially against Q2, all of which was organic.
“Our technology platforms that went live earlier in the year have significantly improved both commercial metrics across our sites and operational efficiencies. As a result, we are now in a position to scale investment in product and marketing with a particular focus on the fast-growing US markets and the expansion of our sports offering,” he added.