Gambling.com Group's Strategic Acquisition of Odds Holdings

Gambling.com Group Limited (Nasdaq: GAMB), a leading provider of digital marketing services for the global online gambling industry, has entered into a definitive agreement to acquire Odds Holdings, Inc., the parent company of OddsJam, a fast-growing technology platform for real-time odds data. This accretive transaction is expected to strengthen Gambling.com Group's market position and drive growth.



The acquisition, valued at up to $160 million, consists of an $80 million upfront payment and potential performance-based earnouts of up to $80 million through 2026. Odds Holdings is expected to contribute $26 million in revenue and $12 million in adjusted EBITDA for 2024, with projections indicating at least 20% growth under Gambling.com Group's management in 2025.

The acquisition aligns with Gambling.com Group's long-term growth strategy by expanding its footprint within the online gambling ecosystem, adding complementary recurring revenue streams, and strengthening its position as a leader in the global online gambling industry. Gambling.com Group CEO Charles Gillespie emphasized the importance of the acquisition in achieving the company's strategic goals, stating:

"The accretive acquisition of Odds Holdings will immediately provide Gambling.com Group with additional, recurring revenue streams which are independent of our market-leading online gambling affiliate business, consistent with our strategy to expand our footprint in the online gambling industry."



The acquisition of Odds Holdings is expected to bring new enterprise products to Gambling.com Group's offerings and introduce a passionate and engaged consumer audience. This aligns with the Group's strategy to diversify its business beyond its core affiliate operations, paving the way for sustained growth and innovation.

The integration of OddsJam's advanced technology and product portfolio is anticipated to immediately enhance Gambling.com Group's financial performance and reinforce its position as a leader in the industry. Key members of the Odds Holdings leadership team, including founders Ankit Goyal and Alex Monahan, along with CEO Matt Restivo, will join Gambling.com Group, further strengthening its operations and growth prospects.

In conclusion, Gambling.com Group's acquisition of Odds Holdings is a strategic move that supports the company's long-term growth objectives. By expanding its footprint, diversifying revenue streams, and strengthening its market position, Gambling.com Group is well-positioned to achieve its goal of reaching $100 million in annual adjusted EBITDA.