Norway’s gambling regulator Lotteri-og stiftelsestilsynet (Lottstift) has revealed a 19% year-on-year decline in advertising spending by offshore operators over the past year, with plans in motion to stamp this out entirely.
XLMedia has put a 10% year-on-year decline in revenue during the first half of the year primarily down to regulatory headwinds, while the digital marketing service provider also saw gross profit slip 9% in the period.
Performance marketing specialist Raketech Group has reported a 6.1% year-on-year decline in revenue for the second quarter of 2019, though reduced costs saw it significantly increase its profit for the period.
Affiliate giant Catena Media has seen revenue fail to meet internal targets for the second consecutive quarter, blaming tightening regulations in the UK and France, and a lack of improvement in the newly regulated Swedish market for its struggles during the period.
iGaming affiliate business Net Gaming Europe has reported a 24% year-on-year decline in revenue over second quarter of the year, blaming tighter regulations in a number of European markets and increased competition in North America for its struggles.
Gambling.com Group has reported a 52% year-on-year increase in revenue for the first quarter of 2019, with the affiliate marketing giant to invest in the development of products for the US market in the year ahead.
Catena Media has cited the impact of regulations on its operator partners as the main reason it failed to hit revenue targets for the first quarter of 2019, while rising costs also hit the affiliate giant's profits for the period.
Gambling.com Group has cited organic growth, in combination with M&A activity, as a key driver of a year-on-year increase in revenue for 2018, and for helping it post a profit for the period after making a loss in its 2017 financial year.