Gambling.com Group saw its share price plunge more than 53% over the past five days following the release of its Q1 2026 financial results and announcement of major restructuring measures.
The company’s stock dropped sharply after reporting quarterly earnings on 14 May, falling from above $5 earlier in the week to around $2.44 at the latest trading update. Shares lost more than 40% in the hours after the results were published.
Gambling.com’s reported its total revenue increased approximately $40.4 million in Q1 year-on-year, while adjusted EBITDA declined 43% to $9 million due to weaker organic search performance and rising operating expenses.
As result of the losses, Gambling.com’s lowered Q1 guidance, also announced AI-focused employee reduction program with an anticipated savings of approximately $12,000,000 per year , ~8% total current cost reduction compared with pre-program annual cost levels.
According to Gambling.com’s newly appointed CEO Kevin McCrystle, the purpose of restructuring will allow Gambling.com to get back on track for “long-term continued high-margin revenue growth” in light of changing search engine traffic trends, changes in regulatory schemes impacting funding levels, and to improve overall service quality.
The company now expects full-year revenue between $165 million and $170 million, down from previous guidance of $170 million to $180 million. Adjusted EBITDA guidance was also reduced to a range of $45 million to $50 million.
