iGB-Affiliate-Monitor_OCTOBER-2021 - Page 26

GAMBLING . COM GROUP SECOND QUARTER REVIEW

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Affiliate Monitor Company-by-company review : Gambling . com Group
GAMBLING . COM GROUP SECOND QUARTER REVIEW
NOW WHERE WERE WE ?
After a short break while Gambling . com Group finalised the details of its float , the company is back to reporting quarterly figures as of the second quarter . As discussed on page 10 of this report , the float brings yet another firm to the lengthening number of listed gaming affiliate entities .
But not everything about Gambling . com Group is new . Again , as noted earlier , under the terms of a previous listed bond , the company regularly released quarterly earnings figures . Until , that is , the third quarter last year when the bond was paid off and the company set its sights on a listing .
At the time of the last public disclosure , the group produced quarterly revenues for the third quarter of 2020 of € 6.33m and an EBITDA of € 3.31m while NDCs hit just over 28,000 .
Now that the company has reappeared , those topline figures have substantially improved . Revenues for the second quarter hit $ 10.4m , up 66 % on the same period last year while adjusted EBITDA came in at $ 5.5m , 46 % up on the same period last year .
In the presentation , the company noted that first half revenues stood at $ 22m compared to full-year revenues in 2020 of $ 28m , which itself was a substantial rise on the $ 19m made in 2019 . It is expecting full-year revenues to be some 40 % ahead in 2021
MONUMENTAL
On the call with analysts , after hailing the listing as a “ monumental event ”, CEO Charles Gillespie said that all the growth was organic . Indeed , over the period , and ahead of various state level launches and the start of the NFL season , Gambling . com Group launched a number of new sites including iGB Market Monitor