Gambling.com Group closed 2025 with record revenue, but the results also highlight a company undergoing a strategic transition. The Nasdaq-listed affiliate and data provider reported strong growth during both the fourth quarter and the full year, largely driven by the rapid expansion of its sports data services division.
Gambling.com, Inc. generated $46.2 million in revenue during the fourth quarter of 2025, a 31% year-over-year increase in revenue. During the fourth quarter, the company experienced an Operating Loss of $26.9 million.
Q4 2025 Key Metrics
One of the most notable developments in the results is the rapid growth of the company’s sports data business. Revenue in this segment surged following acquisitions such as OpticOdds and OddsJam, which provide real-time betting data and analytics tools to operators, traders, and media platforms.
In the fourth quarter alone, sports data services generated $11.8 million, accounting for 26% of total revenue.
Revenue Breakdown – Q4 2025
For the full year, Gambling.com Group reported $165.4 million in revenue, representing 30% growth compared with 2024. However, acquisition-related accounting adjustments pushed reported net income into negative territory.
Full-Year Performance
Growth investments also pushed operating expenses higher. Marketing spending increased as the company diversified its traffic sources, while technology costs rose due to product development and integration of acquired businesses.
Overall, the results show a company gradually reshaping its business model. Affiliate marketing still accounts for the majority of revenue, but the strongest momentum now lies in subscription-based data services.
