Hi all, I have a concern about GAMB I want to get people’s thoughts on.
In Q3 report they talk about 304% growth of Sports Data Services.
But in q3 2024, this was a tiny segment, and it’s only really grown because they made a huge acquisition in Odds Holdings (OpticOdds and OddsJam) in Dec 2024.
Ie the 304% growth isnt a result of anything organic, or even necessarily performing well. Even if the revenue of the acquired company had declined year on year, it wild still be a growth for their business segment.
Am I interpreting this correctly? If so, I’m slightly horrified by the way management have stated this on their q3 report. Not because it’s incorrect, it is technically correct. But the phrasing indicates great performance, and actually we have no knowledge of whether that is true. 304% is completely meaningless.
I have shares and think the company looks loke a great investment but this type of thing makes me question if they are being misleading with other parts of their reporting.
Thoughts?