Gambling.com Group Raised FY23 Revenue Guidance $100M-$104M (Vs. Prior $99M-$95M) Vs $97.23M est., Adj. EBITDA $36M-$40M (Vs. $33M-$37M Prior)
Portfolio Pulse from Benzinga Newsdesk
Gambling.com Group has increased its FY23 revenue guidance to $100M-$104M, up from the previous $99M-$95M, and above the estimated $97.23M. The adjusted EBITDA is also raised to $36M-$40M from the prior $33M-$37M. The guidance assumes Kentucky will go live with online sports betting on September 28th, no additional North American markets will go live with online sports betting or iGaming in 2023, no new acquisitions, new investments for the development of Casinos.com and support to media partners, and an average EUR/USD exchange rate of 1.095 for the rest of 2023.
August 17, 2023 | 11:07 am
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POSITIVE IMPACT
Gambling.com Group's raised FY23 revenue and EBITDA guidance could positively impact its stock. The guidance is based on several assumptions including the launch of online sports betting in Kentucky and no new acquisitions.
The raised guidance indicates that Gambling.com Group is expecting higher revenues and profits in FY23, which could make the stock more attractive to investors. The assumptions underlying the guidance, such as the launch of online sports betting in Kentucky, also provide insight into the company's strategic plans.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100