The company is undergoing a significant transformation by pivoting toward sports data services, with acquisitions of OpticOdds and OddsJam seeing sports data revenue grow 304% year-over-year in recent cycles. The company expects 2026 full-year revenue of $165 million to $170 million and Adjusted EBITDA of $45 million to $50 million.
Cyborg Score Rationale
The company demonstrates a robust operational profile characterized by high margins and strong cash flow generation. However, recent aggressive acquisitions and a shift in capital structure have introduced increased leverage. Q1 2026 revenue was flat year-over-year with sports data services up 13% and marketing down 5%, while strategic restructuring targeting 25% headcount reduction aims for EUR 13 million in annualized savings.
Top Insights
In Q3 2025, the Group delivered approximately 90,000 NDCs (New Depositing Customers), showcasing scalable user acquisition.
As of early 2026, the Group operates in 15 nations and in 9 different languages.
Strategic restructuring will reduce headcount by 25%, with non-SEO channels now driving most marketing revenue.
Sports data platform includes OddsJam, OpticOdds, and RotoWire brands, while branded websites include Gambling.com, Bookies.com, Casinos.com, and Freebets.com.
Named Competitors
SBG Global — Sports betting affiliate and marketing services
Kambi — Sports betting platform and data services
Genius Sports — Sports data and integrity services for betting operators
Recent Developments
(May 2026) Q1 2026 earnings released with flat YoY revenue growth and 25% headcount reduction announced
(May 2026) Full-year 2026 guidance issued for $165-170M revenue and $45-50M Adjusted EBITDA