Gambling.com Group Limited (GAMB) announced a significant rise in its first-quarter profit, outperforming Wall Street expectations.
The company's net income reached $7.3 million, or $0.19 per share, compared to $6.6 million, or $0.17 per share, in the first quarter of the previous year.
On an adjusted basis, excluding special items, Gambling.com Group Limited reported earnings of $7.6 million, or $0.20 per share for the period.
Analysts, as surveyed by Thomson Reuters, had anticipated the company to earn $0.14 per share. The consensus estimates typically do not take special items into account.
Revenue for the quarter saw a 9.4% increase, reaching $29.2 million, up from $26.7 million in the prior year.
A summary of Gambling.com Group Limited's financial performance (GAAP) for Q1 is as follows:
- Net Earnings: $7.3 million, compared to $6.6 million last year.
- Earnings Per Share (EPS): $0.19, versus $0.17 in the previous year.
- Revenue: $29.2 million, compared to $26.7 million last year.
Guidance:
- Full-year revenue is projected to be in the range of $118 million to $122 million.
