Benchmark analyst Mike Hickey lowered the price target on Gambling.com Group Limited (GAMB) to $7 from $8, maintaining a Buy rating. The firm cited caution on the company’s 2026 earnings trajectory due to increasing competitive pressures in the online gambling industry. Fourth-quarter results are expected to align with updated 2025 guidance, but 2026 results may fall short of consensus expectations.

During Q3 2025, Gambling.com Group reported record revenue of $39 million, up 21% YoY, with adjusted EBITDA increasing 3% to $13 million. Full-year guidance was raised to approximately $165 million in revenue and $58 million in adjusted EBITDA, showcasing the company’s strong performance marketing model and cash flow generation even amidst moderated growth.

Established in 2006, Gambling.com Group is a performance marketing and sports betting media company with operations in Dublin, Ireland, and Charlotte, North Carolina. The company is well-positioned to benefit from the expanding online sports betting market and maintains an asset-light model to navigate potential 2026 volatility.

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Read more at Yahoo Finance: Benchmark Lowers Price Target on Gambling.com Group Limited (GAMB) to $7 While Maintaining Buy Rating