Gambling.com Group Limited Reports Third Quarter 2021 Financial Results

Charlotte, North Carolina (November 18, 2021 PR NEWSWIRE = Kyodo News WBN) - Gambling. com Group Limited, a major provider of digital marketing services only in the world online gambling industry NASDAQ: Gamb) (hereinafter "Gambling. com Group" or "Company") announced today's third quarter business and financial performance, with the end of September 30, 2021.

2021 3rd quarter performance highlights

• Sales were $ 10. 1 million, growing from $ 7. 4 million to 37%in the same period of the previous year.
• Net income is $ 4. 7 million ($ 0. 13 per share after sparse), and the same period of the previous year is $ 2. 3 million ($ 0. 08 per share after sponsening).
• After adjustment, EBITDA was $ 3. 5 million, down 14 % from $ 4 million in the same period of the previous year, with 34 % EBITDA margins after adjustment.
• The free cash flow is $ 0. 8 million, decreasing by 81%compared to $ 3. 9 million in the same period of the previous year.

2021 3rd quarter performance highlights

• The listing of ordinary stocks on the Nasdaq Global Market (Ticker Symbol "Gamb") is completed.
• Announced Daniel Darigo

"The performance in the third quarter continues to be strong, sales increased by 37%from the same period of the previous year, and the third quarter was the lowest quarter in the season, but the EBITDA margin after adjustment was 34%. I did it.

The Gambling. com Group, the highest executive officer and c o-founder, stated. "The important thing is that after the quiet summer in July and August, the highest profit in September was achieved in September. The company has been in the fourth quarter of the fourth quarter of the company's business. We are continuing to focus on growing the company carefully through both growing and added valu e-added acquisitions in the future.

The number after adjustment represents no n-IFRS information. The number after adjustment is no n-IFRS information, and for the explanation of the adjustment and the adjustment of the IFRS comparison value, see the "No n-IFRS Financial Index" and the table at the end of this release.

The number after adjustment represents no n-IFRS information. The number after adjustment is no n-IFRS information, and for the explanation of the adjustment and the adjustment of the IFRS comparison value, see the "No n-IFRS Financial Index" and the table at the end of this release.

Comparison of financial highlights in the third quarter of 2021 and the third quarter of 2020

3 months ending on September 30th

(Unexpected, excluding data per 1 share and 1 share)

Consolidated comprehensive profit statement data

Ta x-dwelling profit

Quarterly net income belonging to our shareholders

Basic shares Net income that belongs to our shareholders

Net income per share that belongs to ordinary shareholders after thinner

n/m = meaningless

3 months ending on September 30th

(Unit: 1, 000 dollars, unpapided)

No n-IFRS Financial Index

After adjustment eBitDa margin

n/m = meaningless

3 months ending on September 30th

(Unit: 1, 000 dollars, unpapided)

Other supplementary data

New entry customer (1)

The new deposit customer (NDC) introduces the player to our customers from our system, and meets the indicators agreed with the customer (usually a minimum standard amount or more). As a result, it is defined as a unique customer who has the right to commission to the Company.

As of September 30th

As of December 31st

(Unit: 1, 000 dollars)

Consolidated financial status statement data

Cash and cash equivalent

Driving capital (2)

A driving capital is a total of the total liabilities from the total assets.

n/m = meaningless

In the third quarter, the total revenue was $ 37 % to $ 7. 4 million in the same period of the previous year to $ 10. 1 million. According to a permanent exchange rate, the sales were $ 2. 3 million (30 %). This increase is due to the improvement of NDC monetization, due to technical improvements and changes in products and market mixes. NDCs were 27, 000 from 28, 000 in the previous year to 4 % to 27, 000.

Market sales are as follows:

3 months ending on September 30th

(Unit: 1, 000 dollars, unpapided)

Other areas

Increased profits is mainly due to organic growth in other European and North American markets.

The profits by monetization are as follows:

3 months ending on September 30th

(Unit: 1, 000 dollars, unpapided)

Revenge Chair Commission

Increased profits is mainly due to additional CPA commissions and other revenue. Other income increases are mainly due to bonuses related to achieving NDC achievement targets of specific operators.

The following is a classification of our profits by product:

3 months ending on September 30th

(Unit: 1, 000 dollars, unpapided)

Increased revenue is due to an increase in revenue from casinos and sports products.

Operating cost

3 months ending on September 30th

(Unit: 1, 000 dollars, unpapided)

Sales and Marketing Expenses

General and Administrative Expenses

Provision for Doubtful Accounts and Amortization

Total Operating Expenses

n/m = meaningless

Total operating expenses increased $3. 8 million to $7. 7 million compared to $3. 9 million in the prior year. Excluding the impact of currency fluctuations, operating expenses increased $3. 5 million to $7. 7 million compared to $4. 2 million in the prior year. This was primarily due to increased headcount in sales and marketing, technology and general and administrative functions in conjunction with investments in our organic growth initiatives and increased administrative expenses associated with operating as a public company.

Sales and marketing expenses were $3. 6 million compared to $1. 8 million in the prior year. This was primarily due to increased wages and salaries associated with increased headcount and professional services.

Technology expenses were $1. 1 million compared to $0. 7 million in the prior year. This was primarily due to higher wages and salaries associated with increased headcount, partially offset by capitalized development costs.

General and administrative expenses were $3. 0 million compared to $1. 4 million in the prior year, primarily due to higher wages and salaries associated with increased headcount, professional services fees and higher insurance costs.

Adjusted EBITDA decreased 14% to $3. 5 million compared to $4. 0 million in the prior year, with an adjusted EBITDA margin of 34%. The decrease was primarily due to higher operating expenses, partially offset by higher revenues.

Third quarter operating income decreased 31% to $2. 4 million compared to $3. 5 million in 2020, primarily due to lower adjusted EBITDA and higher stock-based compensation expense.

Net income for the third quarter was $4. 7 million, or $0. 13 per diluted share, compared to $2. 3 million, or $0. 08 per diluted share, in the same period last year. This was primarily due to the recognition of a deferred tax asset related to intangible assets transferred.

Free Cash Flow

Total cash provided by operating activities was $1. 4 million, a decrease of 65% compared to $4. 0 million in the prior year, primarily due to the decrease in Adjusted EBITDA, the settlement of non-recurring IPO-related expenses, and income taxes paid. Free cash flow was $0. 8 million compared to $3. 9 million in the prior year. The decrease was due to lower cash flows provided by operating activities and higher capital expenditures, primarily consisting of domain name acquisitions and capitalized development costs.

Balance Sheet

Cash balance as of September 30, 2021 was $53. 2 million, an increase of $45. 0 million compared to $8. 2 million as of December 31, 2020. Working capital was $55. 1 million as of September 30, 2021, an increase of $45. 0 million compared to $10. 1 million as of December 31, 2020.

Total assets were $91. 6 million as of September 30, 2021, an increase of $45. 0 million compared to $45. 4 million as of December 30, 2020. Total borrowings, including accrued interest, were $5. 9 million compared to $6. 0 million as of December 31, 2020. Total liabilities were $11. 4 million compared to $11. 2 million as of December 31, 2020.

Total capital was $80. 3 million as of September 30, 2021 compared to $34. 2 million as of December 31, 2020.

The increase in working capital, total assets and equity capital was primarily due to net proceeds from the IPO, operating income and net income.

Financial targets for 2021-2023

Total revenue growth

Adjusted EBITDA margin 3

2021 outlook

The Gambling. com Group's Supreme Financial Officer (CFO) added: "Our achievements in the third quarter of the company exceeded the expectations, and after the lo w-pitched trade in the summer, our financial results accelerated in September, ending the quarter of the highest month in our history. After the quarterly adjustment. The EBITDA margin is 34%, despite the seasonal lo w-tone quarter, and in spite of the expansion of organizational growing initiatives and investing in the operation as a stock public company. This is consistent with the prior guidance that the shor t-term margin may deviate from the target of 40%, while the Company invests in the organic growth plan. We will expressed the prospects of the previous year's prospects after the first quarter of the existing business growth rate and about 40%for the full year. It maintains a strong financial structure, and will continue to provide great options in order to execute each of the growth plans and capital distribution.

Details of the conference

9:00 am on Thursday, November 18, 2021 (Time in eastern United States)

USA free dial:

International dial

To access the call, dial about 10 minutes before the start of the call. The attached slide presentation will be published in PDF format in the "News & Event" section of our website.

The conference call archive webcast can also be viewed in the "News & Event" section on our website.Gambling. com/corporate/invenVestors/news- Events can be viewed..

Please contact us for details: Media

Gambling. com Group,[Email Protected]616-528-0882 Investor:

About Gambling. com Group

Gambling. com Group Limited (NASDAQ: Gamb) is a performance marketing company that has won numerous awards as of September 30, 2021, working only in the online gambling industry. A leading provider of digital marketing service. The number of employees exceeds 200 and has an office in Ireland, the United States and Malta. Through its own technology platform, it publishes a website portfolio for top brands, including Gambling. com and Bookies. com. Founded in 2006, we have more than 30 websites covering all aspects of the online gambling industry, including Igaming and Sports Betting, in 6 and 13 domestic markets. The Gambling. com Group has been open to the Nasdaq Global Market.

The number after adjustment represents no n-IFRS information. The number after adjustment is no n-IFRS information, and for the explanation of the adjustment and the adjustment of the IFRS comparison value, see the "No n-IFRS Financial Index" and the table at the end of this release.

Leverage is defined as a ratio of net bonds against EBITDA after adjustment.

Pure interes t-bearing debt is defined as deducted cash and cash equivalent from borrowings.

Summary consolidated profit statement (not subject to audit) (unit: thousand dollars, excluding amount per share)

3 months ending on September 30th

9 months ending on the 30th of the month

Sales and Marketing Expenses

General and Administrative Expenses

Provision for Doubtful Accounts and Amortization

Operating profit

(Related (loss) profit (loss) for financial debt measured by fair value through profit and loss account

Ta x-dwelling profit

Corporate tax, etc.

Shareholder attributed net income

Other comprehensive profit

Foreign currency conversion difference

Total quarterly comprehensive profit belonging to our shareholders

Basic shares Net income that belongs to our shareholders

Net income per share that belongs to ordinary shareholders after thinner

Summary consolidated financial status status statement (not subject to audit) (unit: 1, 000 dollars)

September 30, 2021

December 31, 2020

No n-flow assets

Thailing fixed assets

Deferred tax assets

Total assets

Fluid assets

Sales receivables and other claims

Cash and cash equivalent

Total asset

Capital and debt

Stock acquisition rights and stock acquisition rights reserves

Exchange conversion reserve

No n-flow debt

Total debt

Liabilities

Sales debt and other debt

Borrowed and unpaid interest

Unpaid corporate tax, etc.

Debt total

Total capital and debt

Summary Connection Cash Flow Calculation Document (not subject to audit) (unit: 1, 000 dollars)

3 months ending on September 30th

9 months ending on the 30th of the month

Cash flow by sales activities

Ta x-dwelling profit

Financial (revenue) cost (net amount)

Financial product valuation profit and loss

Adjustment of no n-grown items

Depreciation and depreciation costs

Increase or decrease in the debt payment

Other amortization

Stock acquisition right cost

Operating activity before driving capital change adjustment Cash flow

Changes in driving capital

Sales receivables and other claims

Sales debt and other debt

Corporate tax payment amount

Cash flow by sales activities

Cash flow by investment activities

Expenditure by acquiring fixed assets

Acquisition of intangible assets

Cash flow by investment activities

Cash flow by financial activities

Issuance of ordinary and stock acquisition rights

Stock issuance costs

Expenditure by redemption of corporate bonds

Principal payment amount of lease debt

Lease debt interest interest

Cash flow by financial activities

Net increase and decrease in cash and cash equivalent

Cash / deposits and cash equivalent period neck balance

Calculation difference for cash and cash equivalents

The final quarter of cash and cash equivalents

Supplementary information

Constant exchange rate

Changes in business performance include the effects of fluctuations in exchange rates. In order to increase the likelihood of comparison of business performance, we provide an "permanent exchange rate" analysis assuming that the exchange rate of the euro and US dollar was constant. When using the term "permanent replacement rate", we will use the thre e-month financial data ended on September 30, 2020 to convert the financial data for three months ending on September 30, 2021. By using the same exchange rate as did, the impact on conversion from the Euro to US dollars is adjusted.

The indicator of the permanent exchange rate should not be considered alone or as a substitute for the report result created in accordance with IFRS. See "Sales results" for management discussions on the impact of the permanent exchange rate during these periods. For the exchange rate used, see the summary consolidated financial table "Note 3 important accounting policy".

Rounding

In addition to the summary consolidated financial statements and related notes, the Company has rounded up the quoted status, business results, and a part of the numbers included in the analysis. Therefore, the total value shown in some table may not be the arithmetic tally of the previous numerical value.

Notes on descriptions on future outlooks < Span> Acquisition of intangible assets

Cash flow by investment activities

Cash flow by financial activities

Issuance of ordinary and stock acquisition rights

Stock issuance costs

Expenditure by redemption of corporate bonds

Principal payment amount of lease debt

Lease debt interest interest

Cash flow by financial activities

3 months ending on September 30th

9 months ending on the 30th of the month