Strong Q1 opening sees Gambling.com push US agenda
Stockholm-listed industry affiliate marketing publisher Gambling.com Group Plc has detailed a strong start to 2019 trading, as the firm moves to accelerate its US market agenda.
Publishing its Q1 2019 trading update (period ending 31 March), Gambling.com details growth across all core business metrics, as revenues total €5.2 million (Q1 2018: €3.4m).
Detailing strong ‘organic growth’, Gambling.com reports a period increase in new-depositing-customers (NDC) to 26,500 (Q1 2018: 16,000), as the Stockholm enterprise posts a 76% increase in group EBITDA to €1.75 million (Q1 2018: €900,000).
Gambling.com maintains growth, despite market adjustments in its lead territory of Sweden, where the publisher details that it has seen its ‘Swedish assets perform well in terms of NDC production but with a commensurate decrease in player value’.
“The Group delivered yet another record quarter. Revenue grew 52% to EUR 5.24 million compared to Q1 2018. Virtually all of the growth was organic. Q1 EBITDA was also a record at EUR 1.75 million.” – details Charles Gillespie, Chief Executive of Gambling.com.
Gambling.com leadership closes a quarter, in which the company details significant progress on its US market profile.
During the period, Gambling.com was approved the right to service marketing provisions for New Jersey gambling incumbents, by the NJ Division of Gaming Enforcement.
Further highlights, see Gambling.com secure two major US accreditations, with the company becoming the first ‘betting publisher’ to be accepted into the ‘Associated Press Sports Editors – APSE’.
In addition, Gambling.com has become a member of the ‘Fantasy Sports & Gaming Association (“FSGA”) Board of Directors, represented by Group Director of Business Development Gavin Walters.
Source: SBC News
