GAMBLING.COM GROUP Reports Q3 Earnings Results for FY2023
November 21, 2023
🌥️Earnings Overview
GAMBLING.COM GROUP ($NASDAQ:GAMB) reported their financial results for the period ending September 30 2023 on November 15 2023. For the third quarter of FY2023, total revenue was USD 23.5 million, a 19.4% increase from the year before. Net income also rose 121.7% year-on-year to a total of USD 5.0 million.
Share Price
On Wednesday, GAMBLING.COM GROUP reported its Q3 earnings for the fiscal year 2023, with the stock opening at $13.6 and closing at the same price, up 2.0% from the previous closing price of $13.4. This increase was driven by strong demand for their online gaming products as well as growth in their affiliate and advertising businesses. This is up slightly from the same period last year and signals strong potential for future growth opportunities.
Overall, GAMBLING.COM GROUP has reported another positive quarter with increased revenue and profits year-over-year. This signals a promising outlook for the future of this company, with potential for further growth in years to come. 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 |
| 97.47 | 7.48 | 22.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gambling.com Group. More…
| Operations | Investing | Financing |
| 17.14 | -18.29 | -7.76 |
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 |
| 141.48 | 32.7 | 2.9 |
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% | 10.2% |
| FCF Margin | ROE | ROA |
| 9.4% | 5.8% | 4.4% |
Analysis
As part of our analysis of GAMBLING.COM GROUP‘s fundamentals, we used the Star Chart to assess the company’s performance in terms of growth, assets, profitability and dividend. We found that GAMBLING.COM GROUP is strong in growth, medium in asset, profitability and weak in dividend. Given the company’s strong performance in terms of growth and competitive advantage, we believe that investors who are looking for growth opportunities may be interested in GAMBLING.COM GROUP. Moreover, GAMBLING.COM GROUP also has a high health score of 10/10 with regard to its cashflows and debt, indicating that it is capable of paying off its debt and funding future operations. This makes the company an attractive option for investors who are looking for a stable long-term investment. 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 recently reported strong financials for its third quarter of FY2023, showing double-digit growth in both revenue and net income. Total revenue was up 19.4% year over year to USD 23.5 million, while net income increased 121.7% to USD 5.0 million. These results demonstrate the Group’s successful strategy of expanding its global reach and product offerings. Investors should consider GAMBLING.COM GROUP as a potential option, as it appears the company has solid prospects for continued growth in the future.
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