Gambling.com Group Successfully Completes Acquisition of Freebets.com and Related Assets

Gambling.com Group successfully completes the acquisition of Freebets.com and related assets for total consideration of between $37.5 million and $42.5 million, consisting of $20.0 million that was paid on the closing, with an additional $10.0 million to be paid on the six-month anniversary of closing and between $7.5 million and $12.5 million to be paid on the one-year anniversary of the closing subject to the revenue performance of the assets during the remainder of 2024..The acquisition is expected to significantly impact the European online gambling affiliate market, with the company anticipating $10.0 million in revenue and approximately $5.0 million in incremental Adjusted EBITDA for the remainder of 2024.