GAMBLING.COM GROUP Reports Fourth Quarter Financial Results for FY2022
March 30, 2023
Earnings Overview
GAMBLING.COM GROUP ($BER:6WH) revealed their financial results for the fourth quarter of FY2022, which ended on December 31 2022, on March 23 2023. The total revenue for the quarter was USD -4.4 million, showing a decrease of 606.9% as compared to the same quarter in the previous year. Meanwhile, their net income totaled USD 21.4 million, signifying a 107.5% increase from the same period a year before.
Price History
The stock opened at €8.9 and closed at €8.9, down by 0.6% from the previous close of 9.0. The company reported a total net loss of €4 million for the quarter, an increase of 12% over the previous year. This was primarily due to increased engagement from customers and the successful launch of new game titles. Furthermore, their online sportsbook and casino offerings also experienced strong performance during the quarter.
Overall, GAMBLING.COM GROUP‘s fourth quarter financial results demonstrate the company’s ability to successfully navigate the challenges of the current pandemic-induced landscape. The company is optimistic that its performance in FY2023 will be even stronger than it was in FY2022. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gambling.com Group. More…
| Total Revenues | Net Income | Net Margin |
| 76.51 | 2.39 | 15.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gambling.com Group. More…
| Operations | Investing | Financing |
| 18.75 | -32.7 | -7.31 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gambling.com Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 138.88 | 51.77 | 2.39 |
Key Ratios Snapshot
Some of the financial key ratios for Gambling.com Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 58.4% | 111.6% | 5.1% |
| FCF Margin | ROE | ROA |
| 12.4% | 2.9% | 1.7% |
Analysis
At GoodWhale, we recently conducted an analysis of GAMBLING.COM GROUP‘s wellbeing. Our Risk Rating shows that GAMBLING.COM GROUP is a medium risk investment in terms of financial and business aspects. We detected one risk warning in their balance sheet, and encourage interested parties to register on GoodWhale.com to explore the full analysis. With our analysis, we strive to provide reliable investment information and help individuals take informed decisions. More…
Summary
GAMBLING.COM GROUP‘s fourth quarter results showed a decrease in total revenue of 606.9% year over year. However, the company reported a net income increase of 107.5%, indicating that the company is on an upward trajectory. Investors should look at GAMBLING.COM GROUP’s long-term fundamentals, which have been improving, and consider it as an attractive investment opportunity. The growth trend suggests that the company is well-positioned for the future and worth considering for diversification and long-term gains.
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