Gambling.com Group Reveals 2024 Performance and Strategic Expansion Details

Gambling.com Group, one of the largest players in the iGaming industry, has recently reported impressive financial results for the fourth quarter and full year of 2024. 

According to their financial reports, their recent “strategic initiatives”, including the acquisition of Odds Holdings, position the company for “continued growth in 2025.”

Financial highlights: record-breaking revenue and EBITDA growth

In Q4 2024, Gambling.com Group achieved a revenue of $35.3 million, marking a 9% increase compared to the same period in the previous year. This quarterly performance contributed to a full-year revenue of $127.2 million, reflecting a 17% year-over-year growth. 

The adjusted EBITDA for the quarter rose by 39% to $14.7 million, while the full-year adjusted EBITDA reached $48.7 million, up 33% from 2023.

The company’s net income for 2024 stood at $30.7 million, an impressive 68% increase from the prior year. This financial performance shows how Gambling.com Group’s strategies in capitalising on the expanding online gambling market have proven effective—even at a time when many iGaming affiliates are struggling.

Strategic acquisition: integrating OddsJam’s advanced technology

On January 1, 2025, Gambling.com Group completed the acquisition of Odds Holdings, the parent company of OddsJam, in a deal valued at up to $160 million. Affiverse covered this acquisition here.

This acquisition is designed to diversify the company’s revenue streams by incorporating consumer subscription products and enterprise clients. OddsJam’s platform, famed for its real-time odds data technology, processes over one million requests per second and is able to manage multiple terabytes of data daily across nearly 300 sportsbooks.

Charles Gillespie, CEO and co-founder of Gambling.com Group, spoke, before, of the acquisition, saying:

“The accretive acquisition of Odds Holdings will immediately provide Gambling.com Group with additional, recurring revenue streams which are independent of our market-leading online gambling affiliate business.”

Looking ahead—and what this means for iGaming affiliates

In their recent financial reports, Gambling.com Group projects its 2025 revenue to be between $170 million and $174 million, with adjusted EBITDA ranging from $67 million to $69 million. These forecasts represent anticipated year-over-year growth of 35% and 40%, respectively.

For affiliate marketers, especially those worrying about being able to succeed in today’s iGaming affiliate industry, Gambling.com Group should show a shift in strategy—adapting to, what some are calling a maturing market landscape.

The integration of advanced data technology from OddsJam is expected to enhance Gambling.com Group’s performance marketing capabilities, providing more precise analytics and user engagement tools for partners. While this level of technology, of course, isn’t viable for most, it does show that affiliates should always be looking at new ways to monetise traffic and build value-added partnerships.

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