Bragg Gaming Group reported an increase in revenue for the quarter ending June 30, 2025, but fell short of analyst expectations. The revenues increased by 4.9%, reaching €26.1M, as opposed to €24.9M reported last year. As for gross profit, it went to €13.7M, compared to €12.4M, higher by 10.8%. Adjusted EBITDA saw a slight decrease
Bragg Gaming Group reported an increase in revenue for the quarter ending June 30, 2025, but fell short of analyst expectations.
The revenues increased by 4.9%, reaching €26.1M, as opposed to €24.9M reported last year. As for gross profit, it went to €13.7M, compared to €12.4M, higher by 10.8%. Adjusted EBITDA saw a slight decrease to €3.5M from €3.6M.
Bragg’s CEO Matevž Mazij commented:
“While our top-line growth may appear modest, I want to be clear about our strategic focus. With increasing gaming taxes being implemented in key markets like Brazil, The Netherlands and Romania, we’re prioritizing improved margin and cash flow performance over aggressive revenue expansion.”
Mazij insisted that there were substantial, highly accretive growth opportunities ahead for the business, confirming that Bragg intends to pursue these opportunities methodically, with a focus on both margins and cash flow.
Mazij went on to say:
“In terms of content and markets, proprietary content is growing in the US and LatAm. While market conditions in The Netherlands remain challenging with the igaming market gross gaming revenue down 25 per cent this year, Bragg is still outperforming the market, despite these factors coming into play.”
Bragg Gaming Group stated that with a focus on margin and cash flow, it has revised its revenue expectations for the year while anticipating an improved adjusted EBITDA margin in the second half of 2025. The company emphasized prioritizing high-margin opportunities over low-margin revenue.