As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / Revenue up 37% at Gambling.com Group in Q3

Revenue up 37% at Gambling.com Group in Q3

Publish Date: November 19, 2021
Fact checked by: David Genge

Gambling.com Group has seen a surprising rise in revenue in the third quarter. The group has methodically taken steps to build its footprint in the US. This has all dovetailed perfectly with the release of Gambling.com Group sites in Arizona and the start of the NFL season in the US. All of these factors have contributed to what has been an exceedingly special third quarter for the group.

37% rise in Q3 earnings

Gambling.com is an international company but their rise in the US markets has been significant. The success in Q3 may well only be the start of what is to come as the Gambling.com are expecting the fourth quarter to be their biggest of the year. With the quiet summer months behind them and the return of most of the major sports in the US, Q4 is shaping up to be a big one for this ever expanding gambling juggernaut.

Gambling.com Group soars during Q3

The pieces of the puzzle all seemed to fall into place for Gambling.com as even the group themselves were surprised by just how well they had done during the third quarter. The group saw a 37% rise in revenue from Q3 in 2020. While this can certainly point to their release in Arizona and the start of the sporting season, the group also points to the increased monetization of new depositing customers.

The operating finances at the end of September 2021 revealed a net income of $4.3 million which has smashed the previous $2.3 million in the same period the year before. The growth of the group and their success in the US markets is undeniable as they have clearly gone about their expansion in the best way possible.

The CEO of Gambling.com Charles Gillespie stated that the “financial performance in Q3 remained strong in comparison to 2020, despite Q3 typically being the slowest quarter of the year. The most important point during Q3 after the quiet summer months was the launch of Arizona and the kick-off of the NFL season which exceeded our internal expectations for the quarter”.

Return of sports bolsters Q3 numbers

While the Q3 numbers can largely be attributed to the start of the NFL season, the Gambling.com Group are hopeful that Q4 will also smash the previous year’s revenue as well. With Q3 only really representing NFL betting, Q4 will be bolstered by NBA betting, the return of the MLS and other major soccer leagues and all other major sports in the US. While the summer months may have been quiet, the group is in for what appears to be a busy fourth quarter if the revenue numbers in Q3 are anything to go on.

Gillespie went on to say that the group were “focused on prudently growing the company through sustained and organic growth and future accretive acquisitions which we continue to actively pursue.”

With that being said, the sports betting revenue in Q4 will need to be higher than that of 2020 as not all the numbers at Gambling.com make for pretty reading. The operating expenses have actually taken a big hit as they have risen from an original $3.8 million to $7.7 million compared to $3.9 million the previous year. This was largely down to the company investing in its marketing and technology spheres which no doubt contributed to the significant growth in the third quarter. As such, the Gambling.com Group were not surprised by the costs. However, the focused investment in the company will bring about new challenges and more risk as they seek to balance the books going into 2022. By the looks of things though, the juice does in fact appear to be worth the squeeze.

Read Also
Caesars Posts Positive Quarterly Earnings Figures
This week saw Caesars Digital post its earnings report for the third-quarter ...
Arizona Enjoys 11.3% Year on Year Sports Betting Boost
Sports betting in Arizona is more popular than ever before. Online sportsbooks ...
BetMGM Promo
Draftkings Enjoys Stock Bounce After Positive Second Quarter
The stock price of DraftKings rose by as much as 15% after ...
Arizona To Get More Online Sportsbooks
Sports betting has only been legal in Arizona for two years, but ...
NCAA Basketball Betting Guide: #3 UCLA at #7 Arizona
The 16-2 UCLA Bruins travel to Tucson, Arizona to play the 17-2 ...
Social Casino of the month
Stake.us - Sign up now! Sign up now!
Latest News
Nevada Casinos kick off 2024 with record-breaking start
The gaming industry in Nevada started 2024 with ...
North Carolina Gubernatorial Candidates: their stances on casinos
As the North Carolina gubernatorial race heats up, ...
Gates of Bitcasino grants a max win, worth $2.5 million
A lucky player won $2.5 million on Gates ...
Thunderkick partners with Betway, strengthening foothold in UK
Independent slot developer Thunderkick signed a partnership deal ...
Delaware Park re-opens with new Vegas glamor after $10M upgrade
The Delaware Park Casino recently unveiled its upgraded ...
Top Betting Sites
Top Betting Bonuses
Bet365
Bet365
Bet365 Review
4.7/5
BetMGM
BetMGM
BetMGM Review
4.7/5
FanDuel
FanDuel
FanDuel Review
4.6/5
Caesars
Caesars
Caesars Review
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply
4.7/5
FanDuel
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply
4.6/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
DraftKings
DraftKings Bonus
Bet $5, Get $150 in Bonus Bets Instantly
T&Cs apply
4.5/5
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site