Gambling.com Group 2024 Outlook: The Company Now Expects Revenue Of $123M-$127M (Prior $118M-$122M) Vs. $120.52M Consensus And Adjusted EBITDA Of $44M-$47M (Prior $40M-$44M)
Portfolio Pulse from Benzinga Newsdesk
Gambling.com Group has updated its 2024 full-year revenue and Adjusted EBITDA guidance. The company now expects revenue of $123M-$127M and Adjusted EBITDA of $44M-$47M, reflecting year-over-year growth of 15% and 24%, respectively. This is an increase from the previous guidance of $118M-$122M for revenue and $40M-$44M for Adjusted EBITDA.
August 15, 2024 | 11:11 am
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Gambling.com Group has raised its 2024 revenue guidance to $123M-$127M and Adjusted EBITDA to $44M-$47M, indicating strong expected growth. This is an increase from the previous guidance and surpasses the consensus estimate.
The updated guidance indicates strong expected growth in both revenue and Adjusted EBITDA, surpassing previous guidance and consensus estimates. This positive outlook is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100