Gambling.com Posts Drop in Q1 Adjusted Earnings, Revenue, Plans Job Cuts; Shares Fall
MT Newswires Live
May 15
Gambling.com Group (GAMB) reported Q1 adjusted earnings late Thursday of $0.11 per diluted share, down from $0.46 a year earlier.
Analysts polled by FactSet expected $0.08.
Revenue in the three months ended March 31 eased to $40.4 million from $40.6 million a year earlier.
Analysts surveyed by FactSet expected $40.2 million.
The company also said it will undertake an AI-driven restructuring that includes cutting its workforce by 25%, a move expected to generate $13 million in annualized savings.
Gambling.com cut 2026 revenue guidance to $165 million to $170 million from the prior forecast of $170 million to $180 million.
Analysts project $172 million.
Gambling.com shares fell 22% in after-hours trading.
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