iGB Intelligence reports Affiliate-Monitor-1Q19(clone) | Page 12

Part 1: Results from the first quarter Gambling.com Group • Revenue rose 52% to €5.2m – organic growth was more than 50% Adjusted EBITDA rose 33% to €1.75m NDCs were up 66% to 26,525 Net borrowings now total €15.6m • • • Gambling.com is trying to make an impression in New Jersey; it has a licence to cover revenue share in New Jersey and has launched its own American Gambling Awards. However, its comments paint a less than positive picture about when the US might be profitable: “The Group has seen strong recent growth in traffic from the US market but from a relatively small base and the US market remains a source of growth for the mid and long term rather than a major revenue generator at present.” Net Gaming Europe • Revenue down more than 6% to €4.1m • EBITDA was also down 9% to €2.6m • NDCs were also down 15% to around 110,000 (up 42%) seen in the US (mainly via PokerListings. com). The US was worth 24% of total revenue in the first quarter. The company said the negative organic growth was caused by the phasing out The company blamed the issues with regulation of paid media operations, along with the move in Europe for the revenue decline, despite growth towards revenue share versus CPAs. Gaming Innovation Group (GIG) • Total revenues down 13% due to issues in the last year. Of the FTD total, 7% were referred Swedish market • to GIG’s own brands, 6% to platform services Media services saw a record amount of €9m clients and 87% to other operators. The for the second quarter in a row company said the “demand and value from • Growth of 10% was purely organic external partners remained high in the quarter”. Media services Trends Analysts from SEB said the performance of The company said it saw growth opportunities, the media services unit was a positive surprise in particular in North America and Asia. given the backdrop in Sweden. The company said that the media Google department was the “main contributor” to The company said that as of 29 April Google profits. Total EBITDA for the quarter came in had begun accepting advertising from gaming at €4.1m (down from €4.3m in Q1 2018) but operators in Sweden. However it added that the €5.2m came from media services (losses came new PPC advertising policy in Sweden “does in other B2B areas). not allow for the affiliate model at this time” First-time depositors stood at 34,408 compared with 32,382 during the same period iGaming Business • Affiliate Monitor • August 2019  but the company said it was “hopeful” this could be a revenue channel in the future. 9