Gambling.com Group generated $165.4m revenue in 2025
Gambling.com Group Limited has reported record financial results for the fourth quarter and the full year 2025. The technology company, which provides marketing and sports data services to the gambling industry, has also issued a preliminary forecast for 2026.
For the fourth quarter, the company’s revenue grew by 31% year-on-year to reach $46.2 million, whilst adjusted EBITDA increased by 5% to a record $15.5 million.
Sports data and marketing services overtake SEO as key drivers
The company’s CEO and co-founder, Charles Gillespie (pictured), noted that operating results were largely driven by strong growth in the sports data services division. This segment grew by 29% compared to the third quarter and accounted for 26% of total revenue for the quarter for the first time – a record figure for the company. The marketing business also showed improvement: revenue in this segment grew year-on-year and rose by 15% compared to the previous quarter.
The company highlighted that, for the first time in its history, the share of revenue not dependent on organic search (SEO) exceeded revenue generated through SEO revenue, thanks to channel diversification. Revenue from marketing services amounted to $34.4 million, whilst revenue from sports data services stood at $11.8 million, representing year-on-year growth of 440%.
Gambling.com Group financial results 2025/2024 ($ in thousands)
Source: Gambling.com Group.
Chief Financial Officer Elias Mark added that for 2025, revenue and adjusted EBITDA grew by 30% and 19% respectively compared to the previous year, whilst adjusted free cash flow stood at $36.3 million. According to him, strong cash generation enables the company to reduce its debt burden, as well as invest in new products and diversification.
Gambling.com Group’s plans for 2026
Last year, the group generated $165.4 million. This year, Gambling.com Group expects revenue in the range of $170 to $180 million and adjusted EBITDA of $50 to $58 million. The forecast is based on the following assumptions:
- Annual revenue growth will be driven by data services, with the corporate sports data segment continuing to demonstrate the fastest growth.
- Revenue and adjusted EBITDA will be constrained by unfavourable organic search trends and regulatory factors in the UK, as well as new restrictions in Finland, which will reduce marketing effectiveness in Europe.
- Margins will be lower in the first half of the year and higher in the second, reflecting ongoing investment in the diversification of the marketing business, the development of new features in sports data services, and the launch of a new product that will generate only modest revenue in 2026.
- The forecast is based on an average euro-to-dollar exchange rate of 1.17.
Management is banking on OpticOdds and the expansion of sports and league coverage for international operators, as well as the development of new features for key clients in the US. The company believes that the diversification of revenue streams and markets has created a fast-growing, high-margin sports data business. A stable marketing business complements this, and together they generate significant revenue.
“Over the past few years, we have significantly diversified our revenue streams and the number of markets in which we operate. This has enabled Gambling.com Group to build a substantial subscription-based sports data business alongside a marketing business which, thanks to channel diversification and CRM, remains stable and will continue to generate significant free cash flow for many years to come”, concludes Gillespie.
This article was first published in Russian on 13 March 2026.
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