Gambling.com Group Plc has posted its 2019 Q1 interim report showing year-on-year growth of 52% for the period ended March 2019. Revenues totaled $5.85m ($3.86m 2018) with a reported organic growth rate of 50% (98% of total growth).
The firm also updated investors on significant events in the US during the first quarter of the year, including approval from the New Jersey Division of Gaming Enforcement to expand business deals with operators to include revenue sharing components.
Turning its focus to legislative matters, the company referenced the Department of Justice re-interpretation of the Federal Wire Act, saying: “The United States Department of Justice released an opinion which re-interpreted the Department’s own opinion on the Wire Act from 2011. The ramifications of the new opinion are not yet clear but could create headwinds for the roll-out of regulated online gambling in the United States.”
“The Group delivered yet another record quarter,” said Chief Executive Charles Gillespie. “Revenue grew 52% to EUR 5.24m compared to Q1 2018. Virtually all of the growth was organic. Q1 EBITDA was also a record at EUR 1.75m.”