Gambling.com Group posts €2.8m Q3 profit
Published 19th November 2020
Revenue for the three months to September 30 amounted to €6.3m, compared to €4.2m in the corresponding period last year.
Gambling,com Group said earned revenue from organic traffic sources – covering search engine optimisation and direct navigation – reached €6.3m in Q3, up 56.0% on the previous year.
However, paid revenue from bought traffic sources fell 75.0% and comprised of legacy payments only, as paid traffic remained paused in Q3 after first being halted in Q1.
Revenue derived from locally regulated markets accounted for 68.0% of total revenue in the quarter.
The affiliate also noted that earnings before interest, tax, depreciation and amortisation (EBITDA) for Q3 rocketed by 604.3% to €3.3m, while EBITDA excluding non-recurring costs jumped 441.0% year-on-year to €3.3m.