Gambling.com Group has posted record Q3 revenue of US$23.5m, with the year-on-year increase of 19 per cent driven by North American growth.

The group’s North American revenue jumped 42 per cent to $12.9m and adjusted EBITDA was $6.05m.

New depositing customers grew 26 per cent to surpass 86,000.

Charles Gillespie, CEO and co-founder of Gambling.com Group, said: “Our ability to quickly scale our strategic media partnerships complements the growth from our influential owned websites.

“This results in consistent year-over-year market share gains in existing states even as we face tougher comparisons given the significant organic growth we have already achieved.”

Gillespie noted Gambling.com Group’s North American growth was “partially offset” by a “moderation in our UK and Ireland performance following seven consecutive quarters of average revenue growth of 28 per cent across these well-established markets.”

“We are confident that our growth opportunities in the UK and Ireland markets will remain strong, including the expected benefit from the ramping up of our recently launched media partnership with The Independent for the UK market,” Gillespie added.

Gambling.com Group is now forecasting 2023 revenue of between $100m and $104m, which would translate to organic revenue growth of between 31 per cent and 36 per cent, it said.

Adjusted EBITDA, the group added, is expected to be between $36m and $40m.