Gambling.com Group has reported revenue of $39.6 million for the second quarter of this year, a 30% improvement on the same period in 2024.
While announcing its Q2 2025 results, the performance marketing and sports betting media company declared a net loss of $13.4 million which was primarily attributed to the impending acquisition of Spotlight.Vegas and additional operating expenses incurred following the January 2025 acquisitions of OddsJam and Optic Odds.
Adjusted EBITDA increased 22% to just under $13.7m, while gross profit rose 27% to $36.9m.
Gambling.com Q2 2025 In Detail
Gambling.com Group Limited is a performance marketing company that specialises in the online gambling industry.
The firm operates websites and digital platforms that provide reviews, guides and competitions for digital operators, including sports betting apps, online casinos and other gaming services.
Geographically it was North America that led the way with revenue increasing by 56% to $19.1 million, backed by performance marketing and subscription growth.
The UK and Ireland returned a 12% increase, rising to $11.1 million, while the rest of Europe showed a 15% gain, earning $6.6 million.
There were positive trends across the firm’s product range with casino generating $23.7 million in revenue, an increase of 8% over Q2 2024.
Sports products weighed in with a hefty 82% rise, with a revenue of $15.1 million.
Performance marketing remained the largest monetisation stream, increasing 3% year-on-year to $25 million.
Subscription revenue rocketed 415% up to $10 million while advertising and other sources contributed $4.6m.
Gambling.com’s Acquisition Of Sportlight.Vegas
The Spotlight.Vegas acquisition will see Gambling.com Group pay $8 million after closing as well as up to $22 million in future payments, dependent on performance targets being achieved through to 2027.
Company CEO and co-founder Charles Gillespie said: “As we continue to invest to expand our footprint in the gambling and entertainment ecosystem, the strategic acquisition of Spotlight.Vegas provides us with yet another scalable, technology platform which complements our existing portfolio and moves us another step closer to our goal of $100 million in adjusted EBITDA.
“Our second quarter performance was driven by two factors which reflect important broader trends in our business.
“First is an accelerating diversification away from the traditional search channel in favor of a more omnichannel approach, in particular with the marketing business.
“Second is an accelerating diversification into revenue models beyond marketing, including sports data services.”
The group is now projecting revenue between $171 million and $175 million for FY2025 and adjusted EBITDA between $62 million and $64 million.
CFO Elias Mark said: “The acquisition of Spotlight.Vegas adds a complementary new business which helps consumers access experiences and further diversifies our sources of revenue and cash flow with a new set of clients, including entertainment venues and a multitude of land-based casinos.”
Jim Munro is a betting industry and gambling expert who has been a national newspaper journalist for over 30 years, predominantly at The Sunday Times and The Sun, where he wrote a weekly soccer betting column. Jim also worked on the launch of Virgin Bet with Gamesys and was subsequently head of editorial at LiveScore, the sports media and betting group.
