Bragg Gaming Group Q1 revenue up 7.1% year-over-year
Company reported triple-digit growth in US revenue rate.
Key Points
- Bragg reported $28.6m in total Q1 revenue
- The company recently launched operations in Brazil
Bragg Gaming Group has released its financial and business results for the first quarter of 2025.
According to its report, the Canadian company “delivered diversified revenue growth, significant margin expansion, and strong cash generation, driven by its strategic focus on proprietary content and expansion in key growth markets.”
Highlights included triple-digit growth in Bragg’s US revenue, which increased by 150% year-over-year.
Total company revenue in Q1 reached $28.6m, reflecting a growth rate of 7.1% when compared to the results reported last year.
Bragg posted nearly $16m in gross profit, with a gross profit margin of 56% in the first quarter. Adjusted EBITDA reached $4.6m in Q1, with an adjusted EBITDA margin of 16%.
Bragg CEO Matevž Mazij described Q1 as a successful quarter.
He commented, “We are thrilled to be reporting a strong start to 2025, showing that we are executing on our strategy and moving the metrics that we believe are most important to shareholder value.
“During the quarter we continued to improve our product mix, generating a greater proportion of revenue from high-margin proprietary content. In turn, this contributed to a higher adjusted EBITDA margin, which combined with careful cost controls demonstrate operational leverage and increased cash generation.
The CEO went on to discuss quarterly activity in the North American and Latin American regions. Bragg recently celebrated its launch within the Brazilian market, which opened January 1.
He said in closing, “I’m pleased that Bragg has shown resilience under these pressures and is reducing its exposure to the Netherlands while seeing strong growth in markets such as the United States and Brazil.”
Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.
Latest News
