Shares of Gambling.com Group plummeted by more than 50% amid weak earnings reports and significant layoffs
The company Gambling.com Group, which specializes in analytical services for online gambling, has experienced a sharp drop in its stock price. In just one day, the value of its shares fell by 53%, reports the portal next.io.
The decline occurred following the announcement of a cost-cutting program. As part of this, the company plans to undergo a major restructuring and lay off 25% of its staff.
Additionally, investors were dissatisfied with the figures from Gambling.com Group's report for the first quarter of 2026. The document revealed that the company earned $40 million from January to March — roughly the same as the previous year. Meanwhile, the EBITDA decreased by 43% to $9 million. Gambling.com Group also failed to achieve net profit, closing the quarter with a loss of $1.17 million.