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15 to monetise online gambling traffic . Every day , we are making improvements to further optimise our search performance while leveraging data science and AI to perfect our algorithms used to monetise the high intent traffic we capture ,” he added .
Indeed , he said Gambling . com Group ’ s commitment to tech deployment set the company apart . “ Our ongoing return focused investments in our technology and our capabilities continue to help expand our competitive advantage and ensure we continue to deliver industry leading organic growth .”
The third quarter numbers were accompanied by a restatement of the company ’ s full year 2023 target for revenue of between $ 100m- $ 102m and adjusted EBITDA of between $ 36m- $ 40m . Gillespie underlined that the company was still in the early stages of its growth trajectory .
“ Even as we deliver consistent ,
“ We remain agnostic on the inherent attractiveness of the revenue share commercial model versus the CPA model ”
ELIAS MARK , GAMBLING . COM GROUP
impressive , near-term , yearover-year growth against more challenging comps for our existing markets , we are confident that we have the right strategies and operating model in place to extend our revenue growth ,
strong margins and free cashflow conversion for many years ,” he said .
Talking of the free cashflow , chief financial officer Elias Mark noted that the company was able to “ entirely fund our organic growth initiatives from operating cashflow , while continuing to generate positive free cashflow .”
He added that “ demand for performance marketing services for the online gaming industry remains very strong .”
A REASONED VIEWPOINT
Making a neutral point about the debate over CPAs vs . revenue share , Mark said Gambling . com Group remains “ agnostic on the inherent attractiveness of the revenue share commercial model versus the CPA model .”
“ We rely on our internal data science to identify the monetisation opportunities which maximises revenues in each circumstance ,” he added .
February 2024