Gambling.com Group has reported its financial results for the first quarter of 2025, as a 0.5% decrease in net revenue to $40.4m and $1.2m net loss led to a proposal of reducing workforce by 25% though an AI transformation-led restructure.
The reduction in workforce is expected to save the operator $13m in annual costs, as adjusted EBITDA fell 43% year-over-year to just over $9m. Cash flows generated by operating activities witnessed an 89% decrease, falling to $914,000.
Gambling.com Group reported a gross profit of $34.4m for Q1 2026, representing a decrease of 11%. Operating profit fell 67% to $3.3m, while revenue generated from casino products decreased 12% to $21.6m.
The operator did manage to increase sports product revenue by 8% to $16.6m, as other revenue grew 234% to nearly $2.3m. The vast majority of Gambling.com Group’s Q1 2026 revenue was produced in the North America region, which accounted for $26.5m and increased 26%.
UK and Ireland operations reported a 30% decrease in revenue to $7.8m, with other Europe and rest of the world revenue falling 27% and 32%, respectively, to $4.3m and $1.8m.
Gambling.com Group generated $25.5m of revenue through performance marketing operations, equating to a decrease of 1%, as well as $11.2m from subscriptions for growth of 13%. Advertising & other revenue decreased 25% to $3.7m.
As a result of its Q1 2026 financials, Gambling.com Group adjusted its full-year guidance to expect between $165-170m of revenue and $45-50m of adjusted EBITDA. The operator expects negative impacts from “poor search dynamics” and “regulatory headwinds” in the UK.
In March, it was announced Gambling.com Group COO and Co-Founder Kevin McCrystle would succeed Charlies Gillespie as CEO, with the appointment set to go into effect during mid-May 2026.
FanDuel and Gambling.com Group launched operations in Missouri's regulated online sports betting market in December, joining the list of gaming entities which also expanded into the Show Me State
