Overview

* Gambling.com ( GAMB ) Q3 revenue grows 21% yr/yr, but misses analyst expectations

* Adjusted EBITDA for Q3 misses estimates despite record figure

* Sports data services revenue grew 304% yr/yr, driven by OpticOdds

Outlook

* Gambling.com ( GAMB ) revises 2025 revenue guidance to approximately $165 mln

* Company cites ongoing search quality issues impacting marketing business

* Company expects 2025 adjusted EBITDA of approximately $58 mln

Result Drivers

* SPORTS DATA GROWTH - Revenue from sports data services increased 304% yr/yr, driven by OpticOdds and OddsJam

* SEARCH CHANNEL CHALLENGES - Marketing business impacted by low-quality search results due to spam websites, particularly in non-U.S. markets

* TRAFFIC DIVERSIFICATION - Co is accelerating initiatives to diversify traffic sources to address search quality issues

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $38.98 $41.04

Revenue mln mln (8

Analysts

)

Q3 EPS -$0.11

Q3 Net -$3.86

Income mln

Q3 Miss $13.01 $13.46

Adjusted mln mln (8

EBITDA Analysts

)

Q3 Gross $35.60

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the advertising & marketing peer group is "buy"

* Wall Street's median 12-month price target for Gambling.com Group Ltd ( GAMB ) is $14.00, about 51.2% above its November 12 closing price of $6.83

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)