Strong Q3 trading sees Gambling.com hit peak performance
Declaring a period of record traffic and new depositing customers (NDC), Gambling.com Group Plc details a 56% increase in year-to-date revenues to €11.3 million (YTD2018: €7.2m), publishing its latest Q3 2019 trading statement.
Updating the market, Gambling.com reveals that its network has substantially improved its organic coverage, adjusting to Google’s latest search engine update sanctioned this August 2019.
A balanced combination of strong organic growth and the performance of acquired assets saw Gambling.com increase Q3 2019 NDC’s by 70% to 18,000 (Q3 2018: 10,500).
Maintaining its growth momentum, Gambling.com records YTD expenses of €8.3 million (YTD2018: €5.2 million), primarily attached to ‘scaling up’ its operations and expanding product development and editorial for its US assets.
Closing strong Q3 trading, Gambling.com governance declares a period EBITDA of €1.4 million up 65% on 2018’s corresponding €850,000.
Gambling.com reports that YTD net contribution is tracking at €3.7 million (YTD2018:€2.2m), with governance confident of delivering on its full-year targets.
“The Group has continued to rapidly scale its product and technology teams as planned, having increased headcount during the third quarter by 36% enabling an increased pace of product development, with the Group ended the quarter with 72 full-time employees.” – detailed Charles Gillespie Gambling.com Chief Executive on Q3 2019 trading.
Source: SBC News
