Gambling.com Group Acquires Odds Holdings to Enhance Market Position – TipRanks.com

Gambling.com ( (GAMB) ) has shared an announcement.

Gambling.com Group has announced a definitive agreement to acquire Odds Holdings, the parent company of OddsJam, in a transaction valued at up to $160 million. This acquisition will expand Gambling.com Group’s presence in the online gambling industry by adding recurring revenue from both consumer subscription products and enterprise clients. The move is expected to be immediately accretive to the company’s operating results and aligns with their strategy to generate $100 million in annual Adjusted EBITDA. The acquisition is seen as a strategic step, enhancing Gambling.com Group’s offerings with advanced real-time odds data technology, and leveraging existing partnerships to grow Odds Holdings’ business.

More about Gambling.com

Gambling.com Group is a fast-growing provider of digital marketing services for the global online gambling industry. Founded in 2006, with offices primarily in the United States and Ireland, the company operates more than 50 websites in seven languages across 15 national markets. Their portfolio includes premier branded websites such as Gambling.com, Bookies.com, and RotoWire.com, covering aspects of the online gambling industry, including iGaming, sports betting, and fantasy sports.

YTD Price Performance: 36.10%

Average Trading Volume: 183,194

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $490M

Find detailed analytics on GAMB stock on TipRanks’ Stock Analysis page.