GAMBLING.COM GROUP Reports Q1 FY2023 Earnings Results on May 18th
May 25, 2023
Earnings Overview
On May 18 2023, GAMBLING.COM GROUP ($BER:6WH) released their financial results for the first quarter of FY2023, with revenue reaching USD 26.7 million, representing a year-over-year growth of 36.3%. Net income saw a 47.0% increase, amounting to USD 6.6 million compared to the same period in the previous year.
Market Price
GAMBLING.COM GROUP reported their earnings results for the first quarter of FY2023 on May 18th. On the day of the announcement, the stock opened at €8.9 and closed at €8.6, a decrease of 1.7% from the previous closing price of 8.8. We are confident that our long-term strategies will continue to generate sustainable growth in the coming quarters.” This is a promising sign that the company is on track to succeed in its long-term plans.
GAMBLING.COM GROUP’s stock closed at €8.6 on Thursday following the announcement of their earnings report. Investors will be closely watching to see if the company can continue to show positive growth in the coming quarters. 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 |
| 83.61 | 4.5 | 17.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gambling.com Group. More…
| Operations | Investing | Financing |
| 22.25 | -14.46 | -7.32 |
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 |
| 147.47 | 51.6 | 2.63 |
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% | 8.4% |
| FCF Margin | ROE | ROA |
| 17.1% | 4.8% | 3.0% |
Analysis
At GoodWhale, our analysis of GAMBLING.COM GROUP‘s financials shows that the company has a high health score of 10/10. This is primarily due to the strength of their cashflows and debt, allowing them to sustain future operations even in times of crisis. Additionally, GAMBLING.COM GROUP is strong in terms of growth, while they are rated as medium in asset, profitability, and dividend. Based on this information, we have classified GAMBLING.COM GROUP as a ‘Gorilla’, which means they have achieved stable and high revenue or earnings growth due to a strong competitive advantage. This could make them an attractive investment opportunity for many types of investors, including those looking for long-term growth and capital appreciation. More…
Summary
GAMBLING.COM GROUP‘s first quarter financial report for FY2023 showed strong growth in both revenue and net income. Total revenue of USD 26.7 million increased by 36.3% compared to the same period in the previous year, while net income of USD 6.6 million increased by 47.0%. This results demonstrate GAMBLING.COM GROUP’s success in delivering their business strategy and improving their financial performance. Investors may be encouraged by the company’s steady progress and strong financial results, making it a potentially attractive investment opportunity.
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