Gambling.com Group (GAMB) has notified investors that Q4 trading results have “surpassed expectations” as the Nasdaq iGaming media group ends the full year 2024 on a record high.

Publishing its preliminary FY2024 results, Gambling.com detailed that it achieved Q4 revenues of $35m and an adjusted EBITDA of $14.7m, reflecting an operating margin of 42%.

Gambling.com reaffirms its upgraded guidance of achieving FY2024 revenues of $127m and an adjusted EBITDA of over $48m. Elevated Q4 results will see Gambling.com net a further $7m in group net income, which is predicted to total $30m.

“Our preliminary, record-breaking 2024 fourth quarter and full-year results surpassed expectations due to our relentless focus on execution and the ability of our global portfolio of websites to continuously drive valuable, high-intent traffic to our customers in a capital-efficient manner,” said Gambling.com Group co-founder and CEO, Charles Gillespie.

Gambling.com will report its 2024 fourth-quarter and full-year results on March 20, hosting a conference call and webcast, while also introducing its 2025 guidance for revenue of $170m-to-$174m and adjusted EBITDA of $67m-to-$69 million.

Leadership will provide an update on the integration of new Odds Holding assets, acquired by Gambling.com in December 2024, for a deal valued at $160m. The acquisition is funded through cash, shares, and an expanded $100m credit facility from Wells Fargo.

CEO Charles Gillespie concluded: “Our operating performance continues to be led by a strong growth trajectory and attractive unit economics of iGaming revenue across all our operating regions. As reflected in our initial revenue and Adjusted EBITDA guidance for 2025, we are confident that our strong positioning will drive yet another year of record performance, with impressive continued revenue, Adjusted EBITDA, and Free Cash Flow growth.”

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