Gambling.com Group Limited (GAMB) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 38.89%. A quarter ago, it was expected that this company would post earnings of $0.13 per share when it actually produced earnings of $0.20, delivering a surprise of 53.85%.Over the last four quarters, t ...

FINANCIAL INFORMATION [FINANCIAL INFORMATION](index=4&type=section&id=FINANCIAL%20INFORMATION) This section presents Gambling.com Group Limited's comprehensive financial data, statements, notes, and operational review [Financial Statements](index=4&type=section&id=Financial%20Statements) Unaudited interim consolidated financial statements for Gambling.com Group Limited as of September 30, 2024, are presented [Interim Condensed Consolidated Statements of Comprehensive Income (Unaudited)](index=4&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20(Unaudited)) Q3 & Nine Months 2024 vs 2023 Performance (USD in thousands) | Metric | Q3 2024 | Q3 2023 | YoY Change | Nine Months 2024 | Nine Months 2023 | YoY Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | **Revenue** | $32,118 | $23,458 | +36.9% | $91,874 | $76,122 | +20.7% | | **Operating Profit** | $9,603 | $4,715 | +103.7% | $25,815 | $13,608 | +89.7% | | **Net Income** | $8,509 | $5,013 | +69.7% | $22,746 | $11,886 | +91.4% | | **Diluted EPS** | $0.24 | $0.13 | +84.6% | $0.62 | $0.31 | +100.0% | [Interim Condensed Consolidated Statements of Financial Position (Unaudited)](index=5&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Financial%20Position%20(Unaudited)) Statement of Financial Position Highlights (USD in thousands) | Account | Sep 30, 2024 (Unaudited) | Dec 31, 2023 | | :--- | :--- | :--- | | **Total Assets** | **$188,535** | **$154,869** | | Intangible assets | $138,398 | $98,000 | | Cash and cash equivalents | $15,723 | $25,429 | | **Total Liabilities** | **$63,201** | **$35,945** | | Borrowings | $24,446 | $0 | | Deferred consideration | $17,451 | $18,811 | | **Total Equity** | **$125,334** | **$118,924** | - The significant increase in intangible assets is primarily due to the acquisition of Freebets.com and related assets. The company also took on new borrowings of **$24.4 million** during the period[14](index=14&type=chunk)[33](index=33&type=chunk) [Interim Condensed Consolidated Statements of Changes in Equity (Unaudited)](index=6&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Equity%20(Unaudited)) - Total equity increased from **$118.9 million** at the start of 2024 to **$125.3 million** as of September 30, 2024. The increase was driven by net income of **$22.7 million**, partially offset by the acquisition of treasury shares for **$22.1 million** under the share repurchase program[19](index=19&type=chunk) [Interim Condensed Consolidated Statements of Cash Flows (Unaudited)](index=7&type=section&id=Interim%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20(Unaudited)) Cash Flow Summary - Nine Months Ended Sep 30 (USD in thousands) | Cash Flow Activity | 2024 | 2023 | | :--- | :--- | :--- | | **Operating Activities** | **$23,936** | **$10,950** | | **Investing Activities** | **($33,675)** | **($12,483)** | | *Acquisition of intangible assets* | *($21,074)* | *($388)* | | *Payment of deferred consideration* | *($10,044)* | *($4,933)* | | **Financing Activities** | **$630** | **($1,194)** | | *Proceeds from borrowings* | *$45,560* | *$0* | | *Treasury shares acquired* | *($22,195)* | *($759)* | | **Net Change in Cash** | **($9,109)** | **($2,727)** | - Cash used in investing activities increased significantly due to the acquisition of intangible assets (Freebets.com). Financing activities show new proceeds from borrowings of **$45.6 million**, which were largely used for acquisitions and share repurchases of **$22.2 million**[23](index=23&type=chunk) [Notes to the Interim Condensed Consolidated Financial Statements (Unaudited)](index=8&type=section&id=Notes%20to%20the%20Interim%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) - On April 1, 2024, the company acquired Freebets.com and related assets from XL Media PLC. The acquisition was accounted for as an asset acquisition, not a business combination[33](index=33&type=chunk) - The company entered into a new credit agreement with Wells Fargo on March 19, 2024, providing a **$25 million** term loan and a **$25 million** revolving credit facility. As of September 30, 2024, the full term loan was drawn[96](index=96&type=chunk)[97](index=97&type=chunk) - During the nine months ended September 30, 2024, the company repurchased **2,480,235 shares** for a total of **$22.1 million** under its authorized share repurchase program[76](index=76&type=chunk) - For the nine months ended September 30, 2024, revenue from North America was **$39.9 million**, UK & Ireland was **$28.6 million**, and Other Europe was **$16.6 million**. Casino products generated **$66.7 million** in revenue, while Sports generated **$24.2 million**[121](index=121&type=chunk)[122](index=122&type=chunk) [Operating and Financial Review and Prospects](index=32&type=section&id=Operating%20and%20Financial%20Review%20and%20Prospects) Management reviews the company's financial condition and results, analyzing revenue, expenses, non-IFRS metrics, and key performance indicators Revenue by Geography - Nine Months Ended Sep 30 (USD in thousands) | Region | 2024 | 2023 | YoY Change | | :--- | :--- | :--- | :--- | | North America | $39,877 | $40,407 | -1% | | UK and Ireland | $28,631 | $23,749 | +21% | | Other Europe | $16,557 | $7,902 | +110% | | Rest of the world | $6,809 | $4,064 | +68% | | **Total** | **$91,874** | **$76,122** | **+21%** | Revenue by Product - Nine Months Ended Sep 30 (USD in thousands) | Product | 2024 | 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Casino | $66,707 | $49,803 | +34% | | Sports | $24,156 | $25,518 | -5% | | Other | $1,011 | $801 | +26% | | **Total** | **$91,874** | **$76,122** | **+21%** | - Revenue growth was driven by the Casino segment and strong performance in European markets, benefiting from both organic growth and the acquisition of Freebets.com. This offset a slight decline in North America and the Sports segment[173](index=173&type=chunk)[179](index=179&type=chunk)[187](index=187&type=chunk) Non-IFRS Performance Metrics - Nine Months Ended Sep 30 | Metric | 2024 | 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Adjusted EBITDA | $33,955 | $26,146 | +30% | | Adjusted EBITDA Margin | 37% | 34% | +3 p.p. | | Free Cash Flow | $28,417 | $16,694 | +70% | - The company's Key Performance Indicator, **New Depositing Customers (NDCs)**, increased by **25%** to **332,000** for the nine months ended September 30, 2024, compared to the same period in 2023, demonstrating business growth primarily in casino products[237](index=237&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=52&type=section&id=Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company details its exposure to market, interest rate, credit, and liquidity risks, including currency sensitivity and liability maturity - The company is exposed to foreign currency risk as sales and expenses are denominated in EUR, USD, and GBP. A **10%** strengthening of the USD against the EUR would increase net income before tax by approximately **$1.5 million**[263](index=263&type=chunk)[266](index=266&type=chunk) - The company now has exposure to interest rate risk due to its new variable-rate borrowings under the Wells Fargo Credit Facility[266](index=266&type=chunk)[268](index=268&type=chunk) Maturity Profile of Financial Liabilities as of Sep 30, 2024 (USD in thousands) | Liability | Less Than 1 Year | 1-2 Years | More Than 2 Years | Total | | :--- | :--- | :--- | :--- | :--- | | Deferred consideration | $17,800 | $0 | $0 | $17,800 | | Contingent consideration | $2,723 | $0 | $0 | $2,723 | | Borrowings and interest | $4,620 | $5,203 | $19,024 | $28,847 | | Lease liability | $1,246 | $1,278 | $3,912 | $6,436 | | Trade and other payables | $4,016 | $0 | $0 | $4,016 | | **Total** | **$30,405** | **$6,481** | **$22,936** | **$59,822** | [Purchases of Equity Securities by the Issuer and Affiliated Purchases](index=54&type=section&id=Purchases%20of%20Equity%20Securities%20by%20the%20Issuer%20and%20Affiliated%20Purchases) Details of the company's share repurchase program are provided, including authorized amounts and Q3 2024 monthly repurchase data - The company's board has authorized a total of **$40.0 million** for share repurchases since the program began. The authorization is set to expire on May 18, 2027[276](index=276&type=chunk) Share Repurchases for Q3 2024 | Period | Number of Shares Repurchased | Average Price Paid ($) | | :--- | :--- | :--- | | July 2024 | 597,412 | $8.82 | | August 2024 | 398,281 | $9.55 | | September 2024 | 321,282 | $10.10 | Signatures [Signatures](index=55&type=section&id=Signatures) The report was signed on November 14, 2024, by Elias Mark, Chief Financial Officer of Gambling.com Group Limited - The report was duly signed on November 14, 2024, by Elias Mark, the Chief Financial Officer of Gambling.com Group Limited[282](index=282&type=chunk)

Release Date: August 15, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Gambling.com Group Ltd (GAMB, Financial) reported a record Q2 revenue of $30.5 million, marking an 18% year-over-year increase. Adjusted EBITDA grew by 19% to $11.2 million, demonstrating strong financial performance. The company raised its full-year revenue guidance, reflecting confidence in continued growth. GAMB successfully navigated changes in Google's polic ...

1 1 2 Translation of the 1 4 - F I B l E F 19 Duncan Nicholls and Simon Webb Thesis It is not often that one can invest in a growth stock at a value price. Investing in gambling affiliate Gambling.com (NASDAQ:GAMB) presents one of those rare opportunities. The potential stems from Gambling.com's rare below market PE but well above market revenue and EPS growth. In their most recent quarter, the company blew out expectations and raised their guidance but in recent weeks the stock has given back some of those ...

Financial Data and Key Metrics Changes - Revenue for Q2 2024 reached a record $30.5 million, reflecting an 18% year-over-year growth, while adjusted EBITDA grew 19% to $11.2 million [4][10] - Gross profit increased by 16% year-over-year to $29.1 million, with gross margins rising to 95% from 92% in the previous quarter [11] - Adjusted net income rose 13% to $7.4 million, with adjusted diluted net income per share increasing 18% to $0.20 [12] Business Line Data and Key Metrics Changes - The company delivered over 108,000 new depositing customers (NDCs), up 19% year-over-year, with significant growth in iGaming revenue across Europe [10] - Revenue in the UK and Ireland rose 18% year-over-year, while revenue from other European markets increased by 111% [10] - North American revenue was stable year-on-year when excluding a strong performance from the previous year, but overall revenue in North America decreased by 8% [10] Market Data and Key Metrics Changes - The company experienced strong iGaming growth across Europe, particularly in the UK, while North America showed resilience despite challenges [4][10] - The performance marketing channel is estimated to account for about 40% of iGaming and 30% of sports betting customers in established markets, with expectations for North America to trend similarly as the market matures [7] Company Strategy and Development Direction - The company is focused on optimizing performance in response to changes in the operating environment, particularly regarding media partnerships affected by Google's policy changes [6] - There is a strong emphasis on creating value for B2C online gambling operator clients, with expectations for continued growth in market share globally [7] - The company raised its revenue and adjusted EBITDA guidance for 2024, reflecting confidence in business performance and ongoing share repurchases [9][14] Management Comments on Operating Environment and Future Outlook - Management noted that the impact of Google's policy changes on media partnerships was less pronounced than initially expected, allowing for better-than-anticipated performance [6][20] - The company remains confident in achieving $100 million in adjusted EBITDA, driven by organic growth and potential M&A opportunities [9][43] - Management highlighted the importance of digital advertising growth and the ongoing shift towards online gambling, positioning the company favorably in the market [8] Other Important Information - The company repurchased approximately 834,000 shares at an average price of $8.17 per share, with a total of 2.3 million shares repurchased to date [13] - The guidance for 2024 includes revenue expectations between $123 million to $127 million, with adjusted EBITDA expected to be between $44 million to $47 million [14] Q&A Session Summary Question: Current customer acquisition environment in North America - Management indicated that the number of people searching for high intent keywords continues to grow, contributing to a decrease in customer acquisition costs as operators become more efficient [16][18] Question: Contribution from media partnerships - Management acknowledged that the contribution from media partnerships was higher than previously guided, indicating a positive outlook for these partnerships moving forward [19][21] Question: NDC growth in newer U.S. states versus mature markets - Management emphasized that there is significant growth potential in established markets even after initial launches, with ongoing growth expected in North America [25][26] Question: M&A pipeline and focus areas - Management remains selective in M&A opportunities, focusing on adjacent businesses that complement their existing operations [27][28] Question: Impact of Google’s antitrust ruling - Management believes that any significant changes from the ruling will take years to materialize, and current search patterns have not been notably affected [30] Question: Integration of Freebets acquisition - Management reported that the integration is progressing well, with revenue contributions exceeding expectations [31][32] Question: Growth expectations for the remainder of the year - Management expects continued growth in the UK, Ireland, and other European markets, while North America may see modest growth due to the reduced impact of media partnerships [35][36]

Gambling.com Group Limited (GAMB) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 53.85%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.20, delivering a surprise of 42.86%. Over the last four quarters, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ __________________________________________________________________________ FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2024 (Commission File No. 001-40634) __________________________________________________________________________ | --- | --- | |--------------------- ...

So, if you can handle the heat, here are penny stocks that can end up buying you a new kitchen and then some. The performance has been consistent in the past four quarters since the first quarter of 2024. During this cycle, NGS' average earnings per share hit 19.25 cents. This translated to an average earnings surprise of 171.4%. Looking out to the end of fiscal 2024, experts believe that EPS may jump to $1.39. If so, that would translate to expansion of 266%. Headquartered in Forth Worth, Texas, PHX Minera ...

Group 1 - Gambling.com Group Limited (GAMB) reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, with an earnings surprise of 42.86% [1] - The company posted revenues of $29.22 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 3.05%, compared to year-ago revenues of $26.69 million [2] - Over the last four quarters, Gambling.com has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock has underperformed the market, losing about 13.1% since the beginning of the year, while the S&P 500 gained 11.3% [3] - The current consensus EPS estimate for the coming quarter is $0.13 on revenues of $29.03 million, and for the current fiscal year, it is $0.81 on revenues of $131.21 million [7] - The Advertising and Marketing industry, to which Gambling.com belongs, is currently in the top 39% of Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Financial Data and Key Metrics Changes - The company reported a record Q1 revenue of $29.2 million, representing a 9% year-over-year increase, with over 107,000 new depositing customers (NDCs) in Q1, up 22% compared to the previous year [47][40] - Adjusted EBITDA for Q1 2024 was $10.2 million, slightly down from $10.7 million in the same quarter last year, with an adjusted EBITDA margin of 35%, which rose 300 basis points sequentially [49][40] - The updated guidance for revenue is set between $118 million and $122 million, with adjusted EBITDA expected to be between $40 million and $44 million, indicating a year-on-year growth of 14% at the midpoint [72][40] Business Line Data and Key Metrics Changes - The company closed the acquisition of Freebets.com on April 1, 2024, but did not record contributions from these assets in Q1 [48][51] - Cost of sales increased year-over-year to $2.2 million due to successful media partnerships, but decreased sequentially as revenues from media partnerships declined from a high Q4 [75][40] Market Data and Key Metrics Changes - North American revenue, the largest market, grew by 5% year-over-year, while the UK and Ireland also rose by 5%. Other Europe saw a significant growth of 39%, and the Rest of the World grew by 29% [74][40] - The company expects the impact of media partnership revenue to dampen growth in North America and the UK due to recent Google policy changes [78][40] Company Strategy and Development Direction - The company aims to capitalize on organic growth opportunities while considering additional accretive acquisitions to expand its footprint in the online gambling ecosystem [32][40] - There is a strategic focus on revenue generation, which is more predictable, while still investing in owned assets to drive future growth [16][40] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving the updated guidance despite headwinds from media partnerships, expecting to continue gaining market share in North America and other regions [53][40] - The company remains comfortable with the current consensus estimate for 2025 adjusted EBITDA, projecting approximately 25% year-over-year growth [46][40] Other Important Information - The company has been actively repurchasing shares, buying approximately 329,000 ordinary shares at an average price of $9.10, with a remaining authorization of approximately $3.9 million [50][40] - Cash as of March 31 totaled $25.3 million, reflecting strong operating cash flow despite share repurchases and acquisition payments [77][40] Q&A Session Summary Question: Impact of Google's new policy on media partnerships - Management acknowledged that media partnerships will not disappear but will be diminished, and they remain committed to supporting partners through these changes [108][40] Question: Pathway to $100 million EBITDA milestone - The company expects to grow organically at a lowish CAGR in the mid-teens and add scale through M&A to reach the $100 million EBITDA target in the midterm [84][40] Question: Geographical breakdown of updated revenue guidance - Management indicated that while North America and the UK may see dampened growth due to media partnership revenue changes, Other Europe and the Rest of the World are expected to continue demonstrating strong growth [118][40]