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Why Gambling.com Stock Just Soared 27%

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Why Gambling.com Stock Just Soared 27%
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Shares of Gambling.com Group (Nasdaq: GAMB), the tiny Dublin, Ireland-based marketing company for the online gambling industry, rocketed 27% higher as of 1:20 p.m. EDT Friday after reporting a straight flush of profits last night. Gambling's revenue soared 66% year over year in the fiscal second quarter of 2021 -- its first report as a publicly traded company -- to $10.4 million, and the company turned a $0.02-per-share quarterly loss a year ago into an $0.08-per-share profit this time around. About the only number that went the wrong way for Gambling.com this quarter, in fact, was free cash flow -- and even that one only declined 3% to $3.1 million.