Gambling.com Group Limited Reports Second Quarter 2021 Financial Results

CHARLOTTE, North Carolina, Aug. 26, 2021 /PRNewswire/ -- Gambling. com Group Limited (NASDAQ: GAMB), a leading provider of digital marketing services focused exclusively on the global online gambling industry, today announced its operational and financial results for the second quarter ended June 30, 2021.

Financial Indicators for the Second Quarter of 2021

• Revenues of $10. 4 million, up 66% from $6. 3 million in the same period last year
• Net income of $24 million, or $0. 08 per share, compared to a net loss of $0. 4 million, or $0. 02 per share, in the same period last year.
• Adjusted EBITDA was $55 million, up 46% compared to $38 million in the same period last year, and the margin by adjusted EBITDA was 53%1.
• Free cash flow was $31 million, down 3% compared to $32 million in the same period last year2

Key performance indicators for the second quarter of 2021

• Re-implantation from Malta to Jersey completed in May
• Successfully launched empirestakes. com, batarizona. com and illinoisbet. com, providing reliable and relevant information on gambling in certain states, enabling safe, reliable and lawful commission payments.
• Acquisition of two portfolios of domains suitable for operation in the US market completed.
• After the quarter ended, we successfully listed our common shares on the Nasdaq Global Market under the ticker symbol Gamba.
• "Our second quarter results (our first interim results as a public company) continue to be characterized by significant high-line growth and, as judged by our adjusted EBITDA margin, we remain one of the most profitable players in the online gambling industry. - N Daniel D Arrigo".

Chief Executive Officer and Co-Founder of Gambling. com Group. "Since our founding in 2006, we have built a strong partnership marketing network with well-known brands around the world. Players trust our services to find safe, fun and legal gambling experiences, and B2C operators use our best-in-class technology platform to support initiatives that are becoming increasingly important to attract customers. We are excited about our next step as a public company and look forward to the opportunity to share our success with our new investors.

The feature after adjustment suggests information that is not related to IFRS. For comments on adjustments based on IFRS and adjustments with comparative indicators, refer to the term "financial characteristics that are not related to IFRS" and the end of the release.

The characteristics after adjustment suggest information that does not depend on IFRS. For comments on adjustments based on IFRS and adjustments with comparative indicators, see the terms of "financial characteristics that are not related to IFRS" and the end of the release.

The characteristics after adjustment suggest information that does not depend on IFRS. For comments on adjustments based on IFRS and adjustments with comparative indicators, see the terms of "financial characteristics that are not related to IFRS" and the end of the release.

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(Unit: Before adjustment, excluding promotion / promotion / promotion data)

Connected profit and loss report

Ta x-dwilion profit (loss)

Pure profit for shareholders (loss)

Pure profit (loss (loss) (loss) related to conventional promotion and promotion

Pure promotion profits (loss), which belong to the conventional promotion holder, after thinning

N/M = does not include importance

3 months financial statements

(Unit: Before adjustment, excluding promotion / promotion / promotion data)

Cash characteristics that are not related to IFR

After adjustment, the margin of eBitDa indicators

N/m = does not include significance

3 months financial statements

(Unit: Before adjustment, excluding promotion / promotion / promotion data)

Other auxiliary data

New buyer deposited (1)

We recognize the new buyer that has completed the account or NDK, and actually gives us rights, and has completed adjustment metrics with buyers (in principle, arranging deposits higher than small values). From our system, as a unique specification of the player in the buyer 1.

December 31st

(Unit: 1, 000 dollars)

Consolidated report on economic conditions

Cash and cash equivalent

Driving capital (2)

The driving capital is deducted from the total amount of fluid assets from the total amount of fluid assets.

In the second quarter, the gross profit increased 66 % to $ 10. 4 million, compared to $ 6. 3 million in the same period of the previous year. In lon g-term amounts, profits were $ 3, 5 million, 52 %. This increase is justified by improving NDC income and is due to the combination of technical improvement and changes in products and market reach. The number of NDCs increased 4 % to 26. 000 to 25. 000 last year.

The following is the breakdown of rescue in each market:

3 months financial statements

(Unit: Before adjustment, excluding promotion / promotion / promotion data)

Cash characteristics that are not related to IFR

Organic increase in the North American market and North America, other states of England, Ireland, and Europe, have increased their rescue in the host country.

The following is information about rescue:

3 months financial statements

(Unit: Before adjustment, excluding promotion / promotion / promotion data)

Cash characteristics that are not related to IFR

The increase in revenue was primarily due to the addition of hybrid commissions, CPA and other income. The increase in other income was primarily due to bonuses associated with the achievement of certain target metrics for NDC operator effectiveness during the quarter.

The following is a breakdown of revenue:

Three Months Ended March 31

(Unit: Before adjustment, excluding promotion / promotion / promotion data)

Cash characteristics that are not related to IFR

Operating Expenses

Q3

(Unit: Before adjustment, excluding promotion / promotion / promotion data)

Cash characteristics that are not related to IFR

General and administrative expenses

Provision for doubtful accounts

Total operating expenses

N/m = Not material

3 months financial statements

Sales and marketing expenses were $31 million compared to $15 million in 2020, driven by increased salaries due to headcount growth, and investments for organic growth.

Technology expenses were $09 million compared to $05 million in 2020, driven primarily by increased salaries due to headcount growth, partially offset by capitalization of development costs.

Total expenditures and administrative expenses were $34 million compared to $09 million.

Adjusted EBITDA measures increased 46% to $5. 5 million compared to $3. 8 million in the prior year, consistent with the adjusted EBITDA measures margin of 53%.

Second quarter operating income was $32 million, down 3% compared to $33 million in 2020. Operating income was impacted by one-time expenses related to the public offering totaling approximately $15 million.

Net income for the second quarter was $24 million, or $0. 08 per share of segregated stock, compared to a net loss of $0. 4 million, or $0. 02 per share of segregated stock, in the same period last year. The increase was the result of a significant increase in pre-tax income compared to the prior year.

Free Cash Flow

The total foreign currency funded from sales activities was $ 4. 7 million, an increase of $ 3. 2 million last year to 47 %. This increase is because the profit due to operating income and tacit consent increased from the previous year. The exchange difference was $ 3, 100 million, and the previous year was $ 3, 200 million. This decrease was due to the purchase of two domain Satchells due to a serious increase in cost, and some repayments were made by accumulating foreign currency funds obtained from sales activities.

Singl e-book balance sheet

As of June 30, 2021, the balance of foreign exchange funds is $ 17 million, with $ 82 million compared to $ 82 million until December 31, 2020. As of June 30, 2021, the residual capital was $ 17 million, $ 71 million compared to $ 101 million as of December 31, 2020.

As of June 30, 2021, the total assets were $ 55 million, $ 454 million as of December 30, 2020. The total loan, including unambled interest, was $ 61 million, $ 60 million as of December 31, 2020. The promised total was $ 141 million, as of December 31, 2020, $ 112 million.

As of June 30, 2021, the general capital was $ 41, 100 million, and as of December 31, 2020, $ 34, 200 million.

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universe

After adjustment indicator EBITDA margin 3

The characteristics after adjustment suggest information related to IFRS. For comments on adjustments based on IFRS and adjustments with comparative indicators, refer to the term "financial characteristics that are not related to IFRS" and the end of the release.

The characteristics after adjustment suggest information that does not depend on IFRS. For comments on adjustments based on IFRS and adjustments with comparative indicators, see the terms of "financial characteristics that are not related to IFRS" and the end of the release.

Pure debt is directioned as a borrowed amount that deducted currency funding and its utensils.

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Free in the United States:

International dial

To access the call, dial the number approximately 10 minutes before the start. The attached slide presentation will be posted in PDF format on the News and Events section of our website.

An archive of the webcast of the conference call will remain available on the News and Events section of our website at gambling. com/corporate/investors/news-events.

For more information, please contact:

Gambling. com Group, [email protected], 616-528-0882

Traiders:

Alpha IR Group, [email protected], 312-445-2877

About Gambling. com Group Limited Gambling. com Group Limited (NASDAQ:GAMB) - based in Reading on December 31, 2020 and March 31, 2021 - operates most of the online gambling industry and is a leading provider of effective marketing and digital marketing offerings, as indicated by almost all of the benefits. The company employs more than 150 people and has offices in Ireland, the United States and Malta. Thanks to its patented technology platform, the company publishes a portfolio of premium branded websites covering Gambling. com and Bookies. com. Founded in 2006, the company manages more than 30 sites in six languages ​​in 13 state markets, covering Igaming and sports betting, and clamping down on all the nuances of the online advancement industry. Gambling. com is publicly traded on NASDAQ - Mass Market. Condensed consolidated statement of total revenues (unallocated) (in thousands of U. S. dollars, excluding amounts per share)

3 months

Sales and marketing expenses

General and administrative expenses

Provision for doubtful accounts

Total operating expenses

(based on monetary commitments estimated at fair value (loss).

Profit before tax (loss)

Profit before tax

Setting up surprise gain (loss) on stage related to shareholders

Other joint profit (loss)

Exchange differences with foreign currency units

Total profit (loss) on stage attributable to owners of promotions

Net profit (loss) on promotions attributable to owners of traditional promotions

Net profit (loss) on promotions attributable to owners of traditional promotions after dilution

AF Condensed consolidated statement of economic position (indications) (in thousands of U. S. dollars)

N/M = does not include importance

Non-current

(Unit: 1, 000 dollars)

Purchase of tax assets

Total fixed assets

Reversal assets

Trade and other payables

Cash and cash equivalents

Assets

Driving capital (2)

Provision for sales promotion options and warrants

Foreign currency reserve

Long-term commitments

Total long-term commitments

1 Due within the year

Trade accounts payable

Borrowings and accrued interest

Accrued income taxes

Total short-term commitments

Total capital and commitments

Condensed consolidated report on trends in foreign currency funds (unallocated) (in thousands of U. S. dollars)

3 months

Cash flows from operating activities

Sales and marketing expenses

Finance expenses (net)

Pure profit for shareholders (loss)

Adjustment for non-monetary observations

Wear and retaliation

Changes in provision for borrowing expenses

Promotion options

Transfer of foreign exchange vehicles from operating room to reverse capital changes

Composition of reverse capital

Trade and other payables

Trade accounts payable

Assets

Accrued income taxes

Currency fund transfer investment operations

Acquisition of leading funds

Acquisition of intangible fixed assets

Currency jet of investment operations

Currency jet of economic activities

Conventional promotion Release of rating and promotion guarantees

Promotions

Redemption of notes and bonds

Proceeds from release of financial instruments

Principal of lease commitments

Interest expenses

Transfers of foreign exchange dealers used in economic activities

Setting up transfers of foreign currency - methods and equivalents

Methods of money at beginning of period and equivalents

Net exchange translation difference of foreign exchange dealers and equivalents

Exchange translation methods and equivalents at end of period

Supplementary information

Harmonization of currency units

Changes in performance by currency include the effects of changes in foreign currency units. We conduct a "constant currency" test as if the direction of the euro in the U. S. Bucks was constant from year to year to enhance the comparability of our performance. When using the term "constant currency", we consider the same for 2021 and 2022. The transfer of monetary unit cash data for the three months ended June 31, 2020 used to recalculate the monetary data for the three months ended June 30, 2020, and correcting for the effects related to the recalculation of the condensed consolidated economic report from euros to U. S. bucks.

The constant monetary unit measures should not be considered in isolation or used to replace results prepared in alignment with IFRS. See the Results of Activities section for the Secretariat's consideration of the impact of constant monetary units for these periods. Information regarding the cash course used is provided in the consolidated economic report reduction note "Note 3 Fundamentals of accounting policies".

Rounding

The Company, along with consolidated financial statements and corresponding notes, has changed the quoted five indicators in the examination and analysis of financial status and business results. In accordance with this, the number indicators shown in some table may not be the arithmetic sum of the previous numerical indicators, so we are making corrections.

Explanations on appropriate use of business forecasts, other special articles

This press release means that this press release is defined in the securities law of the Securities Law, Article 21 E of the Securities and Exchange Law, and the US Securities Litigation Reform (USA Personal Security Litigation Reform Act of 1995). It includes descriptions of our current predictions and convictions related to future actions. All descriptions, excluding the historical precedent, included in this demonstration, including our future performance and economic status, industry growth, business strategy and intentions, and our descriptions on our future work. It is considered a description of future outlook. These descriptions may be the concept, expectations, convictions, plans, quotes, or strategies for the future, and may not be realized. In some cases, descriptions about the future outlook are "convinced", "possibly", "estimate", "continue", "expect", "intention", "plan" To identify the descriptions of "expectation", "prediction", "possibility", "possibility", "plan", "continuation", "future", or the descriptions of these terms, or the future outlook It is modified by other similar expressions intended, but not all of the future outlooks include these sentences. The description of the future outlook is mainly based on our current forecasts and monitoring regarding future events and events. < SPAN> This press release is defined in the Safe Law (USA Personal Security Litigation Reform Act 1995) Safe Hamar terms (USA Personal Security Litigation Reform Act of 1995). Includes the description of our current forecasts and convictions related to future actions in the sense of the future. All descriptions, excluding the historical precedent, included in this demonstration, including our future performance and economic status, industry growth, business strategy and intentions, and our descriptions on our future work. It is considered a description of future outlook. These descriptions may be the concept, expectations, convictions, plans, quotes, or strategies for the future, and may not be realized. In some cases, descriptions about the future outlook are "convinced", "possibly", "estimate", "continue", "expect", "intention", "plan" To identify the descriptions of "expectation", "prediction", "possibility", "possibility", "plan", "continuation", "future", or the descriptions of these terms, or the future outlook It is modified by other similar expressions intended, but not all of the future outlooks include these sentences. The description of the future outlook is mainly based on our current forecasts and monitoring regarding future events and events. This press release means that this press release is defined in the securities law of the Securities Law, Article 21 E of the Securities and Exchange Law, and the US Securities Litigation Reform (USA Personal Security Litigation Reform Act of 1995). It includes descriptions of our current predictions and convictions related to future actions. All descriptions, excluding the historical precedent, included in this demonstration, including our future performance and economic status, industry growth, business strategy and intentions, and our descriptions on our future work. It is considered a description of future outlook. These descriptions may be the concept, expectations, convictions, plans, quotes, or strategies for the future, and may not be realized. In some cases, descriptions about the future outlook are "convinced", "possibly", "estimate", "continue", "expect", "intention", "plan" To identify the descriptions of "expectation", "prediction", "possibility", "possibility", "plan", "continuation", "future", or the descriptions of these terms, or the future outlook It is modified by other similar expressions intended, but not all of the future outlooks include these sentences. The description of the future outlook is based on our current forecasts and monitoring of future events and events.

Compliance with laws and regulations, including tax laws, currently applicable or that may be applicable to our operations in the United States and abroad, and our expectations regarding various laws and restrictions relating to our operations; predicting the impact of existing and developing laws and regulations, including those relating to tax laws, privacy and data protection, that affect our business; obtaining and maintaining licenses or permits from gaming authorities in the United States; inability to effectively manage our growth and maintain our corporate culture; inability to identify, recruit and retain talented personnel, including key members of senior management; inability to successfully acquire, manage, complete and integrate existing and potential acquisitions; inability to maintain, protect and enhance our intellectual property; inability to use the net proceeds from this offering; inability to manage the increased costs and regulatory compliance requirements associated with operating as a public company; and inability to maintain our status as a foreign private issuer.

Non-IFRS Financial Measures

Management uses a variety of financial measures, both IFRS and non-IFRS, to analyze and evaluate the company's overall performance and make operating decisions.

EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin

EBITDA is an economic indicator not specified in IFRS, and is defined as a profit by subtracting cash expenses, tax costs, consumable expenses, and depreciation costs other than success fees. After adjustment, EBITDA indicators are economic indicators that are not specified in IFRS, excluding on e-time, important monetary note, cost, promotion, costs based on other banknotes, and the effects of the board of directors. It is defined as a adjusted EBITDA for the company, and does not reflect the basic results of the company's work. After adjustment, the eBitDa margin is an indicator that has nothing to do with IFRS, and is led by EBITDA salvage after adjustment.

The actual eBitDa-after-adjustment EBITDA and the after-adjustment EBITDA-margin destroy the impact of notes, which is not the direct consequences of our leader work, differ in cash structure, depreciation, tax effects and unique events. In order to cover the effects caused by, we believe that it is useful for our management as an indicator of comparative business operations for each period.

We use eBitDa, after adjustment, EBITDA indicators, and after adjustment, as a tool to improve the perception of our economic activity, but EBITDA, after adjustment, EBITDA margin is a performance of ISF. We do not believe that it will be alternatively or exceeds the ISF performance. Thus, the performance of EBITDA, after adjustment eBitDa and after adjustment of margin EBITDA cannot be considered or substituted from the indicators created according to IFRS. The main limit on the implementation of EBITDA for comparing with IFRS performance, adjustments after adjustment, and margin eBitDa after adjustment is that there is no eBitDa, eBitDa after adjustment, and margin after adjustment. It is. Similar indicators are also used by other companies, and in fact, EBITDA, after adjustment EBITDA, and margin EBITDA after adjustments may be necessary for some traders to evaluate our performance. It may not be linked to the information.

The following are adjustments to the eBitDa characteristics and after adjustment EBITDA indicators, and the no n-specified profit (loss) of the stated in the shareholders stated in the base consolidated report on the total profits (loss) of the stages indicated. :

Three years

Sales and marketing expenses