Gambling.com Shares Fall After Guidance Cut
Gambling.com (GAMB) shares were down over 41% in Friday trading after the company lowered its 2026 guidance.Late Thursday, the firm said it now expects 2026 revenue of $165 million to $170 million and adjusted EBITDA of $45 million to $50 million.Previously, it expected revenue of $170 million to $180 million and adjusted EBITDA of $50 million to $58 million for the year.Analysts expected revenue of $172 million in a FactSet poll.The company also reported a Q1 adjusted EPS of $0.09 on revenue $40.4 million. Analysts expected $40.2 million revenue.The firm also said it will undertake an AI-driven restructuring that includes cutting its workforce by 25%, a move expected to generate $13 million in annualized savings.After the results, Benchmark rated the stock a speculative buy, against buy previously, and cut its price target to $4 from $6.Price: $2.41, Change: $-1.74, Percent Change: -41.91%
