(Adds Outlook, stock movement)
Gambling.com Group Limited (GAMB) has revised up its full-year revenue guidance, above analysts' expectations. The company now expects revenue of $123 million to $127 million, higher than $118 million to $122 million expected earlier.
Analysts, on average, estimate the firm to generate revenue of $120.52 million, for the year.
Excluding items, full-year EBITDA now projected to in the range of $44 million to $47 million, compared with prior expectation of $40 million to $44 million.
GAMB was trading up by 14.16 percent at $10.08 in the pre-market trade on the Nasdaq.
Q2 Results:
Gambling.com Group Limited (GAMB) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $6.930 million, or $0.19 per share. This compares with $0.278 million, or $0.01 per share, in last year's second quarter.
Excluding items, Gambling.com Group Limited reported adjusted earnings of $7.356 million or $0.20 per share for the period.
Analysts on average had expected the company to earn $0.12 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 17.6% to $30.541 million from $25.972 million last year.
Gambling.com Group Limited earnings at a glance (GAAP) :
-Earnings (Q2): $6.930 Mln. vs. $0.278 Mln. last year.
-EPS (Q2): $0.19 vs. $0.01 last year.
-Revenue (Q2): $30.541 Mln vs. $25.972 Mln last year.
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