Gambling.com Group Ltd (GAMB)GAMB

Gambling.com Group Ltd. Stock Overview

Disclaimer: This report is for informational purposes only and should not be considered investment advice. Please consult a qualified financial advisor before making any investment decisions.

Company Profile:

History and Background:

Gambling.com Group Ltd. (NASDAQ: GAMB) is a global digital iGaming performance marketing company established in 2006. The company was previously known as Interactive Data Holdings Inc. before rebranding in 2018. Gambling.com Group Ltd. boasts a presence in over 20 regulated markets worldwide and an extensive portfolio of over 6,000 brands and 25,000 affiliate partners.

Core Business Areas:

• Affiliate Marketing: Generating leads and traffic for iGaming operators through a network of websites and affiliate partners.
• Media & Content: Publishing iGaming news and reviews across various platforms, including Gambling.com, RotoWire, and BonusFinder.
• Data & Technology: Providing data and insights to iGaming operators through its proprietary data platform, GameIQ.
• Financial Services: Offering payment processing solutions for iGaming operators through its subsidiary, Processing.com.

Leadership and Corporate Structure:

• Charles Gillespie - CEO: Former CEO of Sportingbet and extensive experience in the iGaming industry.
• Stephen Hill - CFO: Over 20 years of experience in corporate finance and accounting.
• Board of Directors: Comprised of experienced individuals with expertise in various fields, including finance, technology, and iGaming.

Top Products and Market Share:

Top Products:

• Gambling.com: Leading iGaming affiliate website with a focus on casino and sports betting reviews.
• RotoWire: Fantasy sports news and analysis platform with a strong user base.
• BonusFinder: Platform that aggregates and compares iGaming bonuses and promotions.
• GameIQ: Proprietary data platform providing insights into iGaming consumer behavior and market trends.

Market Share:

• Global Affiliate Market Share: Gambling.com Group Ltd. is estimated to hold a market share of approximately 25%.
• US Affiliate Market Share: The company's market share in the US is estimated to be around 10%.

Market Reception:

• Gambling.com Group Ltd. receives positive reviews for its user-friendly platforms, comprehensive content, and reliable data insights.
• The company faces competition from other affiliate marketing companies and media outlets in the iGaming space.

Total Addressable Market:

The global iGaming market is projected to reach $153.48 billion by 2027, representing a significant growth opportunity for Gambling.com Group Ltd. The US iGaming market is also expected to experience strong growth, reaching an estimated value of $24.5 billion by 2027.

Financial Performance:

Financial Analysis:

• Revenue has grown steadily in recent years, reaching $143.2 million in 2022.
• Net income has also increased, reaching $27.5 million in 2022.
• Profit margins have remained relatively stable, with an EBITDA margin of 35.6% in 2022.
• EPS has also shown steady growth, reaching $0.88 in 2022.

Cash Flow and Balance Sheet:

• Gambling.com Group Ltd. has a strong cash flow position with $24.5 million in cash and equivalents as of December 31, 2022.
• The company has a healthy balance sheet with total assets of $159.5 million and total liabilities of $62.9 million as of December 31, 2022.

Dividends and Shareholder Returns:

Dividend History:

• Gambling.com Group Ltd. has not yet declared any dividends.

Shareholder Returns:

• The company's stock price has performed well in recent years, with total shareholder returns exceeding 100% over the past year.

Growth Trajectory:

Historical Growth:

• Gambling.com Group Ltd. has experienced consistent revenue and earnings growth over the past 5 years.
• The company's market share has also grown steadily during this period.

Future Growth Projections:

• Industry analysts project continued growth for the global and US iGaming markets.
• Gambling.com Group Ltd. is well-positioned to capitalize on this growth with its strong brand portfolio, data insights, and strategic partnerships.

Recent Growth Initiatives:

• The company has recently expanded its operations into new markets, including the Netherlands and Ontario, Canada.
• Gambling.com Group Ltd. has also invested in enhancing its data and technology capabilities.

Market Dynamics:

Industry Trends:

• The iGaming industry is experiencing rapid growth, driven by factors such as increasing legalization and technological advancements.
• The industry is also becoming increasingly competitive, with new entrants and consolidation among existing players.

Company Positioning:

• Gambling.com Group Ltd. is well-positioned within the industry due to its strong brand portfolio, global reach, and data-driven approach.
• The company is also adaptable to market changes, as evidenced by its recent expansion into new markets and investment in technology.

Competitors:

Key Competitors:

• Rush Street Interactive (RSI)
• DraftKings Inc. (DKNG)
• Penn National Gaming (PENN)
• Flutter Entertainment (PDYPY)
• 888 Holdings (888)

Market Share Comparison:

• Gambling.com Group Ltd. has a smaller market share compared to some of its larger competitors.
• However, the company has a strong presence in the affiliate marketing segment and is growing its market share in other areas.

Competitive Advantages:

• Gambling.com Group Ltd. has a strong brand portfolio and a global reach.
• The company's data and technology capabilities give it a competitive edge.

Competitive Disadvantages:

• The company is smaller than some of its competitors and has a lower market share.