5 days ago
4
William Temple
Tue, March 10, 2026 astatine 6:29 AM CDT 4 min read
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Gambling.com (GAMB) Q3 gross $39.0M up 21.4%, sports information up 304% to 24% of revenue, trades astatine 1x price-to-sales with $8.50 target. SharpLink Gaming (SBET) holds 864,597 ETH, Q4 staking gross $15.3M, GAAP nonaccomplishment $734.6M.
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Gambling.com’s sports information subscriptions supply recurring gross arsenic selling faces headwinds, portion SharpLink transformed into an Ethereum treasury conveyance betting connected crypto recovery.
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The expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks. Get them present FREE.
Gambling.com Group (NASDAQ: GAMB) and SharpLink Gaming (NASDAQ: SBET) stock a sports betting root story, but their astir caller net uncover 2 companies with astir thing successful common. One is gathering a recurring-revenue information business. The different has reinvented itself arsenic a crypto treasury vehicle.
Gambling.com conscionable reported Q3 2025 gross of $39.0 million, up 21.4% year-over-year, with the existent communicative wrong the conception breakdown. Its sports information services unit, powered by OpticOdds and OddsJam, posted 304% year-over-year gross maturation and present represents 24% of full quarterly revenue. That is simply a meaningful displacement for a institution historically babelike connected affiliate selling clicks.
CEO Charles Gillespie was direct:
READ: The expert who called NVIDIA successful 2010 just named his apical 10 AI stocks
"It is progressively wide to america that OpticOdds has merchandise marketplace acceptable successful a multi-billion-dollar sports information services market. The high-margin, high-visibility, recurring subscription gross associated with our sports information services concern is the fastest increasing portion of our business."
Subscription gross is stickier than show marketing, and the endeavor income pipeline astatine OpticOdds appears to beryllium accelerating.
SharpLink's communicative is wholly different. The institution pivoted to an Ethereum treasury strategy successful June 2025 and has not looked back. By year-end, it held 864,597 ETH and had raised astir $3.2 cardinal successful superior to money accumulation. Q4 staking gross came successful astatine $15.3 million, missing the $17.33 cardinal statement estimation by 11.7%, but the GAAP nett nonaccomplishment of $734.6 cardinal dominated headlines. Nearly each of that nonaccomplishment traces to a $616.2 cardinal unrealized ETH markdown and a $140.2 cardinal LsETH impairment, some non-cash.
| Core Business | Affiliate selling + sports information subscriptions | Ethereum treasury accumulation |
| Revenue Driver | OpticOdds/OddsJam endeavor sales | ETH staking yield |
| Key Risk | Search prime headwinds successful selling segment | ETH terms volatility, GAAP just worth distortions |
| Institutional Ownership | 43.4% | 46% (up from ~6%) |
GAMB's vulnerability is its selling segment, wherever hunt prime headwinds from spam websites began successful July and persisted into Q4. Performance selling gross fell 4% year-over-year successful Q3. Gillespie expects solution successful 2026, but that remains a forecast.
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