Reporting high traffic and new depositing customers (NDC), Gambling.com Group Plc reports a 56% rise in year – to-date sales to € 11.3 million (YTD2018: € 7.2 million), releasing the current financial report for the third quarter of 2019.
Updating the market, Gambling.com reports that its network has significantly improved its organic exposure, adapting this August 2019 for Google’s new search engine update.
Gambling.com increased Q3 2019 NDC’s by 70 percent to 18,000 by a balanced mix of solid organic growth and acquired asset quality (Q3 2018: 10,500).
Maintaining its growth momentum, Gambling.com reports YTD investment of € 8.3 million (YTD2018: € 5.2 million), mainly related to the’ scaling up’ of its activities and the expansion of product development and editorial for its US property.
Gambling.com governance declared an EBITDA period of € 1.4 million to be 65 percent higher than the corresponding € 850,000 in 2018.
Gambling.com reports that YTD’s net contribution amounts to € 3.7 million (YTD2018: € 2.2 million), with governance positive to meet its full-year objectives.
“The Group has continued to rapidly scale its product and technology teams as planned, having increased headcount during the third quarter by 36% enabling an increased pace of product development, with the Group ended the quarter with 72 full-time employees.” – detailed Charles Gillespie Gambling.com Chief Executive on Q3 2019 trading.