By Katherine Hamilton
Gambling.com shares rose after the company's revenue beat Wall Street's expectations in the fourth quarter and 2025 outlook.
The stock advanced 6% to $13.21 on Thursday. Shares have climbed 52% over the past 12 months.
The digital marketing provider for online gambling companies said Thursday revenue rose 9% to $35.3 million in the fourth quarter ended Dec. 31. Analysts polled by FactSet expected $34.8 million in revenue.
Net income was $7.93 million, or 23 cents a share, compared with $6.37 million, or 16 cents a share, the year before. The company had more than 145,000 new depositing customers in the fourth quarter.
Chief Executive Charles Gillespie said he expects market share gains across Gambling.com's geographic regions this year.
In 2025, Gambling.com expects revenue of $170 million to $174 million, the midpoint of which is above the $171.7 million analysts polled by FactSet were expecting before earnings were released.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 20, 2025 12:32 ET (16:32 GMT)
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