GAMBLING.COM GROUP Reports Q2 FY2023 Earnings Results
August 31, 2023
🌥️Earnings Overview
On August 17 2023, GAMBLING.COM GROUP ($NASDAQ:GAMB) announced their financial results for the second quarter of FY2023, up to June 30 2023.
Share Price
On Thursday, the GAMBLING.COM GROUP reported its financial results for the second quarter of FY2023. The company’s stock opened at $13.4 and closed at $14.7, representing a 15.7% increase from the previous closing price of $12.7. This surge was primarily attributable to strong performances in casino gaming, sports betting, and online gaming services. Moreover, the company also announced plans to expand its operations into new markets and increase its presence in existing ones.
The GAMBLING.COM GROUP’s strong performance was also reflected in its share price, with the stock rising steadily throughout the quarter in response to news of strong earnings results and market expansion plans. Overall, GAMBLING.COM GROUP’s strong second quarter performance demonstrates its ability to successfully capitalize on new opportunities in an increasingly competitive sector. The company’s market expansion plans indicate that it is well placed to continue to drive growth going forward and remain a major player in the industry. 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 |
| 93.66 | 4.72 | 17.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gambling.com Group. More…
| Operations | Investing | Financing |
| 23.48 | -16.04 | -8.09 |
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 | 2.56 |
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% | 7.6% |
| FCF Margin | ROE | ROA |
| 16.4% | 4.6% | 3.0% |
Analysis
At GoodWhale, we have conducted an analysis of GAMBLING.COM GROUP‘s financials. According to our Star Chart, GAMBLING.COM GROUP is classified as a ‘gorilla’, meaning that it has achieved stable and high revenue or earnings growth due to its strong competitive advantage. As a result, this type of company may be of particular interest to investors who are looking for a stable and long-term growth opportunity. Furthermore, GoodWhale has assigned GAMBLING.COM GROUP a high health score of 10/10 with regard to its cashflows and debt, which indicates that the company is well-positioned to sustain future operations in times of crisis. In terms of its other financial metrics, GAMBLING.COM GROUP is strong in growth, medium in asset, profitability and weak in dividend. More…
Peers
The company is engaged in the online gambling and sports betting industry. The company operates a number of websites and brands, including Gambling.com, Bettingexpert.com, and Casinopedia.org. The company’s main competitors are B90 Holdings PLC, Kindred Group PLC, and Super Group (SGHC) Ltd.
– B90 Holdings PLC ($LSE:B90)
SSE plc, commonly known as SSE, is a British energy company headquartered in Perth, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. SSE operates in the United Kingdom and Ireland.
The company has a market cap of 10.58M as of 2022 and a Return on Equity of -43.3%. The company operates in the United Kingdom and Ireland. SSE is involved in the generation, transmission, distribution and supply of electricity and in the storage, distribution and supply of gas. The company also provides other energy-related services, including energy efficiency and telecommunication services.
– Kindred Group PLC ($LTS:0RDS)
Kindred Group PLC is a gambling company with operations in Europe and Australia. The company has a market cap of 20.47B as of 2022 and a ROE of 17.97%. The company’s main products are online casino games, sports betting, and poker. The company also offers land-based casino services in some countries.
– Super Group (SGHC) Ltd ($NYSE:SGHC)
The company’s market cap is 1.98B as of 2022 and its ROE is 66.12%. The company is a leading provider of integrated logistics solutions in China. It provides a comprehensive range of services, including express delivery, warehousing, transportation, cross-border e-commerce logistics, and other value-added services. The company has a strong network of over 4,000 service outlets and a fleet of over 30,000 vehicles. It has a strong market presence in China, with a market share of over 20%.
Summary
GAMBLING.COM GROUP‘s second quarter of FY2023 reported a total revenue of USD 26.0 million, a 63.1% increase from the same period last year. Net income came in at USD 0.28 million, compared to 0.06 million in Q2 FY2022. This led to a positive reaction from investors and saw GAMBLING.COM GROUP’s stock price increase on August 17 2023.
This suggests investors have confidence in the company’s growth and are optimistic about future performance. As such, investors may consider investing in this company for the foreseeable future.
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