Earnings release
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PRESS RELEASE August 26 , 2021 at 7:00 am EST Gambling.com Group Limited Reports Second Quarter 2021 Financial Results ● Company reports total revenue growth of 66 % to $ 10.4 million Adjusted EBITDA growth of 46 % to $ 5.5 million Charlotte , NC - Gambling.com Group Limited ( Nasdaq : GAMB ) ( " Gambling.com Group " or the " Company " ) , a leading provider of digital marketing services active exclusively in the global online gambling industry , today announced its operating and financial results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Financial Highlights Revenue of $ 10.4 million ; grew 66 % compared to $ 6.3 million in the same period for the prior year Net income of $ 2.4 million , or $ 0.08 per diluted share , compared to a net loss of $ 0.4 million , or a loss of $ 0.02 per diluted share , in the same period for the prior year G Gambling.com ● Adjusted EBITDA of $ 5.5 million ; grew 46 % compared to $ 3.8 million in the same period for the prior year , representing an Adjusted EBITDA margin of 53 % ¹ Free cash flow of $ 3.1 million ; decreased 3 % compared to $ 3.2 million in the same period for the prior year² Second Quarter 2021 Business Highlights ● ● Exhibit 99.1 Completed redomiciliation from Malta to the Channel Island of Jersey in May Successful launches of EmpireStakes.com , BetArizona.com and IllinoisBet.com which provides bettors with trusted and up - to - date state - specific gambling information to help them place safe and secure legal wagers Completed acquisition of two domain portfolios suitable for targeting the US market Subsequent to quarter end , completed successful public listing of common shares on the Nasdaq Global Market under the ticker symbol " GAMB " Subsequent to quarter end , announced appointment of Mr. Daniel D'Arrigo to Board of Directors " Our second quarter results ( which were our first interim financial results as a public company ) were highlighted by continued strong top - line growth , and , based on our Adjusted EBITDA margins , we are among the most profitable names in the online gambling industry , " said Charles Gillespie , Chief Executive Officer and co - founder of Gambling.com Group . " Since our founding in 2006 , we have built an affiliate marketing powerhouse with recognizable brands around the globe . Players trust our services to help them find a safe , fun and legal betting experience while our B2C operator clients utilize our best - in - class technology platform to support their increasingly important customer acquisition initiatives . We are incredibly excited about the next step in this journey as a public company and look forward to sharing the success with our new investors . " Adjusted figures represent non - IFRS information . See " Non - IFRS Financial Measures " and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers . 2 Adjusted figures represent non - IFRS information . See " Non - IFRS Financial Measures " and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers . 1