Gambling.com Group Second Quarter 2024 Earnings: Beats Expectations

Gambling.com Group (NASDAQ:GAMB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$30.5m (up 18% from 2Q 2023).
• Net income: US$6.93m (up by US$6.65m from 2Q 2023).
• Profit margin: 23% (up from 1.1% in 2Q 2023).
• EPS: US$0.19 (up from US$0.007 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gambling.com Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Media industry in the US.

Performance of the American Media industry.

The company's shares are up 20% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Gambling.com Group that you need to take into consideration.

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