Gambling.com Group profit soars in first half
Published 19th August 2020
Total revenue for the six months to 30 June came in at €9.5m (£8.5m/$11.3m), down 2.2% from €9.7m in the corresponding period last year.
Earned revenues – comprising search engine optimisation and direct navigation – amounted to €9.3m in H1, up 6.0% on the previous year and accounting for most of Gambling.com Group’s revenue in the first half.
However, paid revenue, which covers bought traffic, dropped by 78.0% year-on-year to €210,000, with the business putting a halt to these operations during the first quarter, which then remained paused in the second quarter.
Revenue generated from locally regulated markets accounted for 69.0% of the fist half total.
Looking at costs for H1, Gambling.com Group's operating expenses totalled €6.0m, a reduction of 18.2% from €7.3m in the same period in 2019.