Gambling.com Q1 revenue tops estimates, to cut 25% jobs in AI-led restructure

Gambling.com

14/05/2026 21:14

Overview

US gambling marketing and sports data firm's Q1 revenue was flat yr/yr, slightly beating estimates

Adjusted EBITDA for Q1 fell 43% and missed analyst expectations

Company to cut workforce by 25% in AI-led restructure, targeting $13 mln in annualized savings

Outlook

Gambling.com Group sees 2026 full-year revenue of $165 mln to $170 mln

Company expects 2026 Adjusted EBITDA of $45 mln to $50 mln

Company anticipates margin expansion in H2 2026 from cost savings and revenue growth

Result Drivers

SPORTS DATA SERVICES GROWTH - 13% increase in sports data services revenue driven by enterprise sales, especially OpticOdds, with active partners up 24% quarter-on-quarter

MARKETING REVENUE DECLINE - 5% drop in marketing revenue due to poor organic search dynamics and regulatory headwinds in the UK and Finland

HIGHER COSTS - Gross profit and Adjusted EBITDA fell due to increased cost of sales and operating expenses from diversifying traffic sources and higher AI-related subscription costs

Company press release: ID:nBwTb6T6a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$40.44 mln
$40.23 mln (9 Analysts)
Q1 EPS
-$0.03
Q1 Net Income
-$1.18 mln
Q1 Adjusted EBITDA
Miss
$9.001 mln
$10.24 mln (9 Analysts)
Q1 Pretax Profit
Miss
$52,000
$3.82 mln (7 Analysts)
Q1 Gross Profit
$34.35 mln
Q1 Operating Profit
$3.27 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "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 is $7.25, about 76% above its May 13 closing price of $4.12

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)