Gambling.com Group has revealed its quarterly revenue after a bevy of new acquisitions, and its an impressive look that speaks to the continued ascendance of the online betting and gambling space.
The Dublin-based gambling marketing service provider announced its 2024 Q4 revenue in an
official report. In that quarter alone, Gambling.com earned $35.2 million, which is up from $32.5 million in revenues during the previous 2023 Q4 period. That makes for a net income of $7.8 million compared to its previous $6.3 million, a significant increase.
Based on these preliminary results, Gambling.com believes its full-year revenue for 2024 will reach as high as $127 million. This is compared to 2023’s $108.6 million. This would be a $30.5 million net income for 2024 versus $18.2 million in 2023, another big jump forward.
In its Q4 report, Gambling.com’s CEO and co-founder Charles Gillespie said the quarterly growth in 2024 was due to the group’s “relentless focus” on growing its global portfolio of websites, which saw an increase in valuable traffic.
“Our operating performance continues to be led by the strong growth trajectory and attractive unit economics of iGaming revenue across all our operating regions,” Gillespie said.
This growth includes big acquisitions made by Gambling.com in 2024. The company acquired XLMedia earlier in 2024, with a $42.5 million deal that also included XLMedia’s European and Canadian-based sports betting and gambling assets. Later in the same year, Gambling.com closed a deal with Freebets.com, adding its assets to its still-growing list of acquisitions.
2025 is looking to be an even bigger year for the company. In January 225, Gambling.com acquired OddsJam’s parent company Odds Holding in a $160 million deal. OddsJam offers real-time betting odds with over 300 sportsbooks. Reports claim OddsJam averages over 1 million requests per second.
Sports betting has grown significantly
overall in 2024, so this could be a massive move for Gambling.com.
In 2025, the company predicts that the entire year will see revenues between $170 million and $174 million. Meanwhile, interested parties can expect to hear additional reporting from an earnings call regarding 2024 as a whole on March 20. During that call, Gillespie will be joined by chief financial officer Elias Mark to review financial results and host a question-and-answer session.
Gambling.com Group was founded in 2006, operating in the United States and Ireland. Currently, the Gambling.com operates more than 50 websites thanks to its continued acquisitions.