Bragg Gaming revenue reaches $28.8m during Q4
The company also posted its full 2024 results.
Key Points
- Revenue and adjusted EBITDA have increased for four consecutive quarters
- Adjusted EBITDA during the quarter rose by 68%
Bragg Gaming Group has published its financial and business results for the fourth quarter and 2024 fiscal year.
The Canadian company reported $28.8m in revenue for the fourth quarter, a 16.3% rise when compared to revenue posted during the same period last year.
Gross profit during the quarter rose by nearly 31% to reach $17.1m.
Adjusted EBITDA for Q4 reached more than $5m, reflecting a 68% increase year-over-year.
Quarterly Revenue
Gross Profit
Adjusted EBITDA
During the quarter, Bragg signed a content deal with Loto-Québec for expansion to a second Canadian province.
The company and Caesars Entertainment established a content and technology partnership in Q4.
Bragg also recently launched its operations in Brazil’s regulated iGaming market, which debuted in January.
For this fiscal year, company revenue reached $108.1m, which reflected a 9.1% increase when compared to last year’s full-year results.
Gross profit and adjusted EBITDA rose by 8.2% and 3.6% respectively.
Company CEO Matevž Mazij said Bragg’s EBITDA and revenue have “grown significantly” for four straight quarters.
He further commented, “Our investments in proprietary content and AI-enhanced platform capabilities are driving both revenue growth and improved profitability. As we execute our strategic plan in key markets like Brazil and the US, we’re leveraging our scalable platform and margin-accretive products to accelerate financial performance.
“The executive team we’ve assembled has already demonstrated their value through deals like our Caesars partnership, positioning Bragg for sustained revenue expansion and profit growth in 2025.”
In addition to its presence in New Jersey, Bragg operates in Nevada through its subsidiary, Wild Streak Gaming, which offers its portfolio of casino games to land-based, online and social media casino operators throughout the US and the UK.
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