Gambling.Com: Cheap, Cash-Flow-Positive, And Vulnerable
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Bashar Issa7.01K FollowersFollow5ShareSavePlay(8min)CommentsSummaryGambling.com Group (GAMB) trades at a deceptively low valuation due to IFRS accounting, masking its true profitability. The company leverages a diversified model: core lead generation, a subscription-based sports betting data service, and event ticketing via recent acquisitions. Acquisition of Odds Holdings enables dual monetization—subscription revenue and lead generation—from the same user base. Despite a Q3 performance marketing dip, the expanding market and diversified revenue streams support a bullish outlook. DragonImages/iStock via Getty Images Investment Thesis There are two things I like about Gambling.com Group (GAMB). It is a cheap, small-cap operating in a growing market. IFRS rules mask its profitability, so don't get distracted by the triple-digit P/E ratio. The companyThis article was written byBashar Issa7.01K FollowersFollowBashar is a contributing writer at Seeking Alpha, focusing on Long/Short investment ideas, with a geographic focus in North America. Before that, Bashar worked at an Investment Fund in the United Kingdom. He has a Master's degree in Finance from the Queen Mary University of London and a Bachelor's degree in Economics from Middlesex University.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.