Gambling.com Group Limited (NASDAQ:GAMB) reported better-than-expected earnings for the fourth quarter on Thursday.
The company posted quarterly earnings of 30 cents per share which beat the analyst consensus estimate of 24 cents per share. The company reported quarterly sales of $46.236 million which beat the analyst consensus estimate of $46.057 million.
Gambling.com said it sees FY2026 sales of $170.00 million to $180.00 million, versus market estimates of $185.309 million.
Charles Gillespie, Chief Executive Officer and Co-Founder of Gambling.com Group, said, “We generated record fourth quarter revenue and Adjusted EBITDA with revenue rising 31% year-over-year to $46.2 million and Adjusted EBITDA increasing 5% to $15.5 million. Our operating results continue to benefit from significant growth in our sports data services business, which grew 29% quarter-on-quarter and represented 26% of total revenue in the fourth quarter, the highest percentage yet. This growth was complemented by improved performance in our marketing business, as revenue increased slightly year-over-year and rose 15% on a sequential basis. For the first time in our history, revenue not dependent on SEO exceeded revenue from SEO thanks to our successful channel diversification initiatives.”
Gambling.com shares fell 3.2% to close at $4.21 on Friday.
These analysts made changes to their price targets on Ollie's Bargain Outlet following earnings announcement.
- Benchmark analyst Mike Hickey maintained Gambling.com with a Buy and lowered the price target from $7 to $6.
- Stifel analyst Jeffrey Stantial maintained the stock with a Buy and lowered the price target from $12 to $8.
- Truist Securities analyst Barry Jonas maintained Gambling.com with a Hold and lowered the price target from $6 to $5.
- Jefferies analyst David Katz maintained the stock with a Buy and lowered the price target from $8 to $7.
Considering buying GAMB stock? Here’s what analysts think:
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