Gambling.com Group Q3
The top line Revenue up 37% YoY to $10.1m while adj. EBITDA was down 14% YoY at $3.5m. NDCs were down 4% to 27k. Casino revenue at $7.97m (up 25%), sports revenue at $2.1m (up 142%), other revenue down 58% at $194k. Cash balances post-IPO stood at $53.2m. Westward ho: The third-quarter figures for the […]
Aristocrat buys Playtech for £2.7bn
The top line The deal values Playtech at 680p a share which represents a 58.4% premium to the share price on Friday. The £2.1bn offer will also see Aristocrat take over Playtech’s ~£600m of debt. The valuation is 11.4x EBITDA for the 12 months to June. The deal has been unanimously accepted by the Playtech […]
Gambling.com Q2
The top line Revenue up 66% to $10.4m and adjusted EBITDA rose 46% to $5.5m. All growth was organic. New depositing customers were up 4% in Q2 to 26,000. H1 revenue of $21.9m up 111%, NDCs of 62,000 up 51%. FY21 revenue expected to be over 40% higher YoY. Cold storage: Having got its IPO […]
GAN: Operators ‘underestimate’ tech stack challenge
The top line As prefigured in the Q2 pre-announcement, GGR was up 24% QoQ to $34.6m with strong B2C (Coolbet) growth (up 68% to $24m) in Latin America and Europe. B2B was down c$3.5m QoQ to $10.6m. Adjusted EBITDA rose 171% to $4.6m vs. $1.7m in Q1. Net losses were trimmed QoQ to $2.7m vs. […]
SciGames sets up sportsbook sale or IPO
Scientific Games strategic review Open questions: The company has decided to divest its lottery and sports-betting businesses in order to rapidly shrink its long-term debt and zero in on a more gaming-focused entity. Each business will be either sold, separately listed via an IPO or using the SPAC route and the news immediately set the […]