Gambling.com Group Limited (GAMB) Earnings Call Transcripts

Gambling.com Group Limited's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Gambling.com Group Limited (GAMB:US) reported revenue of $40.4 million, flat year-over-year, and adjusted EBITDA of $9 million, reflecting a significant decline from $15.9 million in the prior year. The sports data services segment grew 13% year-over-year, while the marketing business faced a 5% decline due to ongoing SEO challenges and regulatory impacts. Management has updated its full-year guidance, projecting revenue between $165 million and $170 million and adjusted EBITDA between $45 million and $50 million, indicating a shift in focus towards non-SEO revenue streams and cost-saving measures from a planned workforce reduction.

Reported metrics

Guidance from management

Management expects revenue and adjusted EBITDA to expand in the second half of 2026, driven by cost savings from the restructuring and a shift towards non-SEO revenue streams.

What management said

Ryan, Yes. Look, the trends are really the same that we talked about in the Q4 announcement. LTVs are going down in the U.K. A little bit of that was due to SEO, not just regulation. But there's still a high demand for traffic. So there's no shortage of operators looking for deals. It's still a robust marketplace but, yes, LTVs are moving down a bit and traffic has been a little lower as well.

Well, what's notable for us is since the beginning of Q2 or mid-April, we have seen -- starting to see some increase in green shoots on SEO traffic for Gambling.com specifically, which with how unpredictable Google has been, we don't want to put into guidance right now, but we see as the first kind of positive shift in Google since the middle of last year. So that does have an impact on the U.K. or would if it persis...

What analysts pressed on

Analysts raised concerns regarding the significant decline in U.K. revenue and the impact of regulatory changes on future growth. There is also apprehension about the sustainability of marketing revenue amidst ongoing SEO challenges.

Main topics on the call

• Revenue Stability Amid Challenges — Gambling.com reported first quarter revenue of $40.4 million, consistent with the previous year. Management noted, "Our sports data services business grew 13% year-over-year to $11.2 million," highlighting a shift in rev...
• Decline in Marketing Revenue — The marketing segment saw a 5% revenue decline, attributed to "low-quality search results and regulatory headwinds in the U.K. and Finland." This trend raises concerns about the sustainability of the marketing business i...
• AI-First Strategy and Restructuring — Management announced a strategic restructuring aimed at transitioning to an AI-first operational model, which will reduce the workforce by approximately 25%. This is expected to generate annualized savings of $13 million...
• Guidance Update for 2026 — The company revised its full-year guidance, projecting revenue between $165 million and $170 million and adjusted EBITDA between $45 million and $50 million. This reflects a shift in revenue mix and anticipated cost savi...

Read the full Gambling.com Group Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 9 Gambling.com Group Limited earnings call transcripts on record, spanning March 21, 2024 to May 14, 2026. Based on this history, Gambling.com Group Limited reports quarterly. The most recent call on file is dated May 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GAMB

Exchange

NasdaqGM

Country

US

Sector

Communication Services

Industry

Media

Calls on record

9

First call

March 21, 2024

Most recent

May 14, 2026

Reporting cadence

quarterly