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
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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.
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