GAMB - Why Gambling.com Group Stock Rose 20% This Week
2023-08-17 14:21:49 ET
Gambling.com Group (NASDAQ: GAMB) saw its stock price jump 20% this week as of Thursday at 12:30 p.m. ET, according to S&P Global Market Intelligence . It had been up as much as 22.6% during the week. The stock is now trading at about $14.60 per share, up roughly 60% year to date.
The broader markets were all down this week, as the S&P 500 fell 1.1%, the Dow Jones Industrial Average dropped 1.4%, and the Nasdaq Composite fell 1.4% as of Thursday at 12:30 p.m. ET.
Gambling.com Group is a company that provides digital marketing services and publishes content for the global online gambling industry. Its stock price spiked this week on strong second-quarter earnings, which saw revenue climb 63% year over year to $30 million. Net income soared a whopping 396% to $0.3 million, or $0.01 per share. Further, free cash flow climbed to $8.5 million, a 202% increase over the second quarter of 2022.
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Why Gambling.com Group Stock Rose 20% This Week