14
Affiliate Monitor Company by company Q1 results analysis
Gambling . com Group Spreading the love
Given the issues as noted by the rest of the sector over the launch of new state-by-state launches in the North America space , either in the area of sports betting or online casino , Gambling . com CEO Charles Gillespie was understandably keen to stress the geographic diversification achieved by his company .
“ Robust revenue performance around the world led us to record
Q1 revenue and very strong adjusted EBITDA and free cash flow metrics , which exceeded consensus estimates across the board ,” he told the analysts .
“ While we have been phenomenally successful in North America in recent years , these results are a reminder that we operate a global high-growth business with multiple profit centres around the world .”
He maintained that while the pace of new markets in the US had slowed , new international markets are coming on stream and the company ’ s growth opportunities “ only continue to expand ”.
That expansion is reflected in the company ’ s revenue trajectory . As can be seen , in 2023 the company broke the $ 100m mark for the year and despite the handicap of the Google changes , revenue for iGB Affiliate Monitor