Gambling.com Group Limited reported record financial results for the first quarter ended March 31, 2025. The company achieved record revenue of $40.6 million, marking a 39% increase year-over-year. Adjusted EBITDA also reached a record $15.7 million, up 40% compared to the prior year, with an adjusted EBITDA margin of 39%.
Net income for the quarter was $11.24 million, an increase from $7.3 million in the same period last year. Adjusted diluted net income per share grew 41% to $0.31. The company also generated $10.2 million in free cash flow, representing a 24% increase year-over-year.
A key highlight was the significant growth in recurring revenue, with 25% of total revenue now derived from direct subscriptions, representing a 400% increase year-over-year. This growth is attributed to the successful integration of Odds Holdings and the strong performance of the core marketing business, which achieved all-time highs. The company reiterated its full-year 2025 revenue guidance of $170 million to $174 million and adjusted EBITDA guidance of $67 million to $69 million.
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