Gambling.com Group Q2 2025 Earnings: Revenue Surpasses Expectations, EPS Falls Short

Gambling.com Group reported Q2 2025 revenue of $39.6m, up 30% from Q2 2024. However, the company's net loss increased to $13.4m, a 294% decrease from a profit of $6.93m in Q2 2024. Earnings per share also fell to a $0.38 loss, down from a $0.19 profit in Q2 2024. Despite missing EPS estimates, revenue exceeded analyst forecasts by 1.7%.

Gambling.com Group, a leading online gaming and sports betting platform, reported its Q2 2025 financial results, showing a mixed performance. The company's revenue grew by 30% year-over-year to $39.6 million, surpassing analyst expectations by 1.7% [2]. However, the company's net loss increased significantly to $13.4 million, marking a 294% decrease from the profit of $6.93 million recorded in Q2 2024. Earnings per share (EPS) also fell to a $0.38 loss, down from a $0.19 profit in the previous year's quarter [2].

The company's adjusted EBITDA increased by 22% to $13.7 million, while gross profit rose by 27% to $36.9 million. North America revenue grew by 56% to $19.1 million, driven by performance marketing and subscription growth [1]. The acquisition of Spotlight.Vegas for $8 million upfront, with up to $22 million in performance-based payments through 2027, is expected to contribute to future revenue growth [1].

Despite the strong revenue performance, the company's net loss was primarily attributed to costs associated with the acquisition of Spotlight.Vegas and fair value adjustments related to the January 2025 acquisitions of OddsJam and OpticOdds [1]. Total operating expenses increased by approximately $30 million year-over-year to $51.3 million.

For FY2025, Gambling.com Group now projects revenue between $171 million and $175 million and adjusted EBITDA between $62 million and $64 million. The company remains focused on expanding its omnichannel reach, diversifying its revenue mix, and achieving its medium-term profitability target of $100 million in adjusted EBITDA [1].

References:
[1] Gambling.com Group Q2 2025 Results - GamblingInsider [https://www.gamblinginsider.com/news/30750/gamblingcom-group-q2-2025-revenue-rises-30](https://www.gamblinginsider.com/news/30750/gamblingcom-group-q2-2025-revenue-rises-30)
[2] Gambling.com Group Second Quarter 2025 Results - Yahoo Finance [https://finance.yahoo.com/news/gambling-com-group-second-quarter-120849483.html](https://finance.yahoo.com/news/gambling-com-group-second-quarter-120849483.html)