Gambling.com Group Plc (“Gambling.com Group” or the “Group”) has performed strongly during the first two months of the second quarter of 2020 and wishes to provide the following update.
As previously stated, search performance at the beginning of the quarter showed a positive trend. The search performance has continued to improve. The Group delivered a record month in May 2020 in terms of revenue, EBITDA, casino NDCs and organic NDCs. We continue to see evidence of robust trading in the data we have seen thus far for June 2020.
Trading update for April – May 2020:
- Revenue totaled EUR 3.80 (3.12) million, an increase of 21.8%.
- Adjusted EBITDA amounted to EUR 2.24 (0.81) million, an increase of 176.5%.
- Net Interest Bearing Debt (NIBD) amounted to EUR 7.24 (14.17) million at the end of May 2020.
- The Group has reversed certain, temporary cost reduction measures which were implemented during April and May and no longer expects to save EUR 0.3 million as previously guided on 30 March 2020.
Chief Executive, Charles Gillespie, comments, “Thus far in Q2 we have seen increased demand from both our clients and consumers as well as healthy search performance and improved monetization through better technological solutions. I thank our team for coming together virtually under challenging circumstances to deliver a record performance.”
This information is information that Gambling.com Group Plc is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 26 June 2020.
About Gambling.com Group Plc
Gambling.com Group Plc is a multi-award-winning provider of digital marketing services for the global online gambling industry. Founded in 2006, the Group has a workforce of more than 100 and operates from offices in Dublin, Charlotte, Tampa and Malta. The Group publishes information portals that offer comparisons and reviews of regulated online gambling websites around the world. Players use these resources to select which online gambling operators they should trust to offer a safe and honest online gambling experience. The Group’s publishing assets include the leading gambling industry portal, Gambling.com® as well as Bookies.com and the CasinoSource℠ series of portals, among many others.