RestructuringMay 14, 2026, 04:15 PM
Gambling.com Group Cuts 25% Workforce for $13M Annual Savings
AI Summary
Gambling.com Group reported Q1 2026 financial results, including a net loss of $1.2 million and a 43% decrease in Adjusted EBITDA to $9.0 million, while revenue remained flat at $40.4 million. The company announced an AI transformation-led restructure, expected to reduce its workforce by 25% and deliver $13 million in annualized savings, with half realized in H2 2026. Full-year 2026 guidance was adjusted to $165M-$170M revenue and $45M-$50M Adjusted EBITDA, anticipating margin expansion in the second half.
Key Highlights
- Initiated AI-led restructure to reduce workforce by 25%, targeting $13M annualized savings.
- Adjusted 2026 full-year guidance: Revenue $165M-$170M, Adjusted EBITDA $45M-$50M.
- Q1 2026 revenue was $40.4M, in line with expectations and flat year-over-year.
- Reported Q1 2026 net loss of $1.2M, down from $11.2M net income in Q1 2025.
- Q1 2026 Adjusted EBITDA decreased 43% to $9.0M, with a 22% margin.
- Sports data services revenue grew 13% to $11.2M; marketing revenue declined 5% to $29.2M.
- North America revenue increased 26% to $26.5M, while UK & Ireland revenue fell 30% to $7.8M.
- Cash flow from operations was $0.9M, down from $8.1M in Q1 2025.