Gambling.com Group Limited (NASDAQ:GAMB) shares plunged more than 25% in after-hours trading on Thursday after the company lowered its full-year guidance and announced an AI-led restructuring plan that includes reducing its workforce by 25%.
The company operates marketing and sports data services for the online gambling industry through brands including Gambling.com, Bookies.com and Casinos.com.
AI Restructure, Guidance Cut
Gambling.com said the restructuring is expected to generate $13 million in annualized savings, with roughly half expected to be realized in the second half of 2026.
The company now expects full-year revenue between $165 million and $170 million and adjusted EBITDA between $45 million and $50 million.
Management said continued weak organic search traffic trends and regulatory pressures in the U.K. and Finland weighed on the outlook.
First-quarter revenue was essentially flat year-over-year at $40.4 million, while net loss attributable to shareholders totaled $1.2 million, compared with net …