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In March, Gambling.com reported full-year 2023 results. Revenue increased to $108.7 million, or 42% higher than 2022. Net income rose to $18.3 million from $2.4 million, while earnings before interest, taxes, depreciation and amortization (EBITDA) grew to $36.7 million from $24.1 million.
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Gambling problems, previously called pathological gambling, were considered an impulse control disorder until 2013, when the DSM-5 classified them as an addictive disorder. That made gambling addiction the first, and so far the only, defined behavioral addiction in the clinical section of DSM-5 (with some hints that video gaming disorder might ultimately follow, experts say). Like addictions to alcohol and drugs, gambling addictions are characterized by an increasing tolerance that requires more gambling as time goes on to feel satisfied. People with the disorder can also experience withdrawal that causes irritability when they try to quit.
Gambling.com went public in 2021, two years after the company opened its first Charlotte office. It has flagship offices in Dublin and Malta. Gillespie said the office here is envisioned to be on a similar scale.
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