Gambling.com Cuts FY24 Revenue Forecast From $129M-$133M To $118M-$122M, Est $130.916M
Portfolio Pulse from Benzinga Newsdesk
Gambling.com Group has revised its FY24 revenue forecast downwards from $129M-$133M to $118M-$122M, citing changes in Google's treatment of commercial content on high authority websites. This adjustment impacts the effectiveness of the company's media partnerships.
May 16, 2024 | 11:48 am
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Gambling.com Group has lowered its FY24 revenue forecast to $118M-$122M from $129M-$133M due to changes in Google's treatment of commercial content, which affects the company's media partnerships.
The downward revision in revenue forecast is directly linked to changes in Google's treatment of commercial content, which negatively impacts Gambling.com Group's media partnerships. This is likely to result in a short-term negative impact on the stock price.
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