Gambling.com was purchased for $2.5M at Sedo back in 2011. Using a category defining domain name the company behind it, Gambling.com Group Limited (Nasdaq: GAMB) has become a big player in the online gambling space.
They went public last year and reported their earnings for 2021.
Financially, the company recorded a full year North American revenue growth of 89% to $7.5m, with total revenue growth of 51% to $42.3m. Revenue increases were primarily driven by growth in revenue from the U.K. and Ireland, Other Europe, and North America, and by additional Cost Per Acquisition, or CPA, commission and bonuses related to achieving certain operator NDC performance targets and fixed fees. The net income amounted to $12.5m, or $0.37 per diluted share, compared to a net income of $15.2m, or $0.49 per diluted share, for the prior year.The Adjusted EBITDA of $18.4m increased 26% compared to $14.6m for the prior year, representing an Adjusted EBITDA margin of 43%. The Free cash flow of $8.4m decreased 22% compared to $10.8m for the prior year.
The power of a premium domain name. They own Bookies.com as well as another 50 websites.
Original article: Gambling.com Group reports 2021financial results
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