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Gambling.com (GAMB) Q4 Revenue Surges 30.9% to $46.2M, But EPS Plunges 320% on Margin Compression

Earnings Per Share (adj.)
$0.77
estimate N/A
Revenue
$46.2M
estimate N/A
Stock Price
$4.11
change N/A

Adjusted EPS holds flat. Gambling.com Group Ltd reported Q4 2025 adjusted EPS of $0.77, a decline of 320.0% year-over-year. Revenue of $46.2 million climbed 31.0% from $35.3 million in Q4 2024, though flat sequentially against Q3’s $46.2 million. The company reported a GAAP net loss of $26.9 million, or $0.77 per share, compared to adjusted net income of $12.2 million. Adjusted EBITDA reached $15.5 million. Shares traded at $4.11 with volume of 439,275, near the 52-week low of $4.04.

Beat streak snaps after three quarters. The Q4 result marks a sharp departure from the company’s recent trajectory. Gambling.com delivered three consecutive adjusted EPS beats through the first three quarters of 2025: Q1 posted $0.46 with a 101.8% surprise, Q2 hit $0.37 with a 147.9% surprise, and Q3 came in at $0.26 with a 58.3% surprise. The adjusted EPS progression shows sequential deceleration from $0.77 in Q1 to $0.30 in Q4, even as revenue climbed steadily from $40.6 million in Q1 to $46.2 million in Q4. The 31.0% year-over-year revenue growth contrasts with the 320.0% adjusted EPS decline, suggesting margin compression or elevated operating expenses absorbed the top-line gains. The widening gap between GAAP and adjusted results—a $39.1 million difference in Q4—signals substantial one-time charges or non-cash items that warrant scrutiny on the earnings call scheduled for 8:00 AM ET.

What to Watch: Management’s fiscal 2026 revenue guidance of $170 million to $174 million implies 8-11% growth at the midpoint, a significant deceleration from the 31% pace just posted. The earnings call will need to address the margin trajectory—how the company plans to translate revenue growth back into adjusted EPS expansion after the Q4 stall—and clarify the nature of the $39 million in adjustments that drove the GAAP loss. With shares trading at $4.11 against a 52-week high of $14.95, the market has already priced in skepticism; restoring credibility requires a clear path to profitability improvement in the first half of 2026.

This article was generated using AlphaStreet’s proprietary financial analysis technology and reviewed by our editorial team.

Tags: GAMB
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