Gambling.com Q3 revenue misses estimates due to low quality search results

Gambling.com

13/11/2025 12:11

Overview

Gambling.com 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 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/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$38.98 mln
$41.04 mln (8 Analysts)
Q3 EPS
-$0.11
Q3 Net Income
-$3.86 mln
Q3 Adjusted EBITDA
Miss
$13.01 mln
$13.46 mln (8 Analysts)
Q3 Gross Profit
$35.60 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 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: ID:nBw3TKVwTa

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