Gambling.com Group Third Quarter 2022 Results: Exceeds Expectations

[ad_1]

Gambling.com Group (NASDAQ: GAMB) Third quarter 2022 results

Main financial results

  • Revenue: $19.6 million (up 94% compared to Q3 2021).

  • Net income: $2.26 million (down 52% compared to Q3 2021).

  • Profit margin: 12% (compared to 46% in the 3rd quarter of 2021).

  • EPS: 0.06 USD (compared to 0.14 USD in the 3rd quarter of 2021).

earnings-and-revenue-growth

All figures shown in the table above are for the 12 month period (TTM)

Gambling.com Group Revenues and Profits Exceed Expectations

Revenue beat analysts’ estimates by 13%. Earnings per share (EPS) also exceeded analysts’ estimates by 20%.

Going forward, revenue is expected to grow by an average of 24% per year over the next 3 years, compared to a growth forecast of 3.3% for the media industry in the United States.

Performance of the The American media industry.

Shares of the company are up 11% from a week ago.

Risk analysis

What about the risks? Every business has them, and we’ve spotted 2 warning signs for the Gambling.com group you should know.

Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

Join a Paid User Research Session
You will receive a $30 Amazon Gift Card for 1 hour of your time while helping us create better investment tools for individual investors like you. register here

[ad_2]
Source link

Back To Top