GAMB

Gambling.com Group Limited

$5.43BuyTarget $7.68Report: Jan 30, 2026Consumer Cyclical • Gambling, Resorts & Casinos • Early-Stage Hypergrowth

Price History

Pelican View

Current$5.43+41.4%

Rec: BuyConviction: Medium

Entry Target

$5.43

(0% above current)

Fair Value

$7.68

(41% above current)

Stop Loss

$4.30

(21% below current)

Position Size

Starter

Time Horizon

Strategic (2-3 Years)

Key Metrics

Market Data

52 Week High$17.14

52 Week Low$4.60

Avg. 3 Month Volume750K

Efficiency

LTM Gross MarginN/A

LTM EBITDA MarginN/A

LTM EBIT MarginN/A

LTM Operating MarginN/A

LTM ROAN/A

LTM ROEN/A

LTM ROICN/A

LTM ROCEN/A

Capital Structure

Market Cap (MM)$0

Enterprise Value (MM)$0

Shares OutstandingN/A

Total Debt (MM)N/A

Cash & Equivalents (MM)N/A

LTM Net Debt (MM)N/A

LTM Net Debt/EBITDAN/A

Growth

TTM Rev. GrowthN/A

Last 3-Yr Rev. CAGRN/A

Last 3-Yr EBITDA CAGRN/A

Last 3-Yr EPS CAGRN/A

Valuation

Street Target Price$7.50

LTM EV/RevenueN/A

LTM EV/Gross ProfitN/A

LTM EV/EBITN/A

LTM EV/EBITDAN/A

LTM P/EN/A

LTM EV/FCFN/A

LTM P/FCFN/A

LTM P/TBN/A

LTM P/BN/A

Dividend YieldN/A

Payout RatioN/A

About the Company

Gambling.com Group Limited is a multi-award-winning performance marketing company and a leading provider of digital marketing and consumer and enterprise data subscription services, active exclusively in the online gambling industry. The company's principal focus is on online casino, online sports betting, and fantasy sports. Founded in 2006, the company operates a portfolio of premier branded websites including Gambling.com, Bookies.com, Casinos.com, and Freebets.com, in addition to over 50 local websites. It also operates consumer and enterprise data subscription services through RotoWire.com, OddsJam.com, and OpticOdds.com. The company utilizes its proprietary technology platform, websites, and media partnerships to attract online gamblers and refer them to licensed operators.

Revenue Generation

The company generates revenue primarily through performance marketing arrangements, where it is compensated for referring new customers (New Depositing Customers or NDCs) to online gambling operators. The primary monetization models are Cost Per Acquisition (CPA), where a single cash payment is received for each referred player meeting specific criteria, and Revenue Share, where the company receives a percentage of the net gaming revenue generated by referred players. A hybrid model combining elements of both is also used. Additionally, the company generates revenue from subscription services for premium fantasy sports content and real-time sports betting odds analytics (B2C and B2B). A smaller portion of revenue comes from advertising and other arrangements. The company's primary geographic markets are North America (including the United States and Canada), the UK and Ireland, and other European markets.

Investment Thesis

Executive SummaryGambling.com is pivoting from a legacy SEO-dependent marketing affiliate to a high-growth sports data provider via the OpticOdds acquisition. While the market is fixated on near-term search algorithm headwinds that have compressed operating margins to 2.6%, the underlying unit economics of the new subscription-based data business (growing 304% YoY) offer a path to significant margin expansion and recurring revenue that the current valuation fails to capture.

Recent Activity

2025-11-26+5.07%

Amendment No. 5 to Schedule 13G/A filed for ownership in Gambling.com Group.

2025-11-17-7.82%

Georgia State Rep. Marcus Wiedower Is The 2025 American Gambling Awards Policymaker Of The Year

2025-11-13-23.13%

Gambling.com Group reported record Q3 2025 revenue but reduced full-year guidance due to search quality challenges.

Valuation Table

Method	Implied Value	Weight	Weighted Value
DCF	$13.85	44%	$6.05
Comps	$2.89	56%	$1.62
Total Weighted			$7.68