igbaffiliate . com
Get involved Tag us @ iGB-Affiliate
19
“ We consider Brazil similarly to the average non-US market , where the first-mover advantage is not particularly significant ”
CHARLES GILLESPIE , GAMBLING . COM GROUP ”
He added that the company expects the contribution in 2025 to be substantially above that indicated for 2024 , which is expected to provide incremental revenues and adjusted EBITDA of $ 10m and approximately $ 5m respectively during the nine months from April to December 2024 .
Gillespie also hinted at more M & A . “ We also continue to evaluate other potential acquisitions for complementary return-focused opportunities that would allow us to bring additional value to both our B2B and B2C customers as well as to our shareholders ,” he promised .
With the business now having been “ propelled ” past $ 100m in annual revenue , he noted that now opportunities would also be considered including in Latin America and Brazil .
But Gillespie cautioned against expecting that Gambling . com Group wouldn ’ t be going “ all in ” in the opening months . “ We consider Brazil very similar to the kind of average non-US market , if you will , where the first-mover advantage is not particularly significant ,” he said .
“ We ’ d like to see a few things kind of settle in in terms of how the market develops before we push it harder . But it certainly has the potential to be another growth driver for the business .”
He added that M & A in that market specifically was a possibility but that Gambling . com has an organic strategy for Brazil with its existing assets . “ So , there ’ s no pressure for us to do a deal in Brazil , but we ’ re here to be opportunistic if the right thing pops up .”
April 2024