Bragg Gaming Group Earnings Call Transcripts
Fiscal Year 2025
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Double-digit growth in the U.S. and Brazil offset regulatory headwinds in the Netherlands, with proprietary content driving margin expansion. 2026 guidance anticipates stable revenue and higher EBITDA, supported by cost reductions and geographic diversification.
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Q3 2025 saw strong growth in the U.S. and Brazil, with proprietary content revenue up 35% year-over-year and gross margin improving to 54.7%. Full-year guidance is maintained, with continued focus on high-margin content, operational leverage, and geographic diversification.
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Q2 2025 saw 4.9% revenue growth (21% ex-Netherlands), margin expansion, and strong proprietary content gains, especially in the U.S. Revised guidance reflects a focus on margin and cash flow amid regulatory and tax headwinds, with continued investment in AI and content innovation.
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Q1 2025 saw 7.1% revenue growth (27% ex-Netherlands), margin expansion, and strong U.S. and Brazil performance. Proprietary content and platform solutions drove profitability, with guidance for 18% revenue and 28% adjusted EBITDA growth in 2025.
Fiscal Year 2024
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Record Q4 and FY 2024 results driven by proprietary content and North American expansion, with 2025 guidance forecasting double-digit revenue and EBITDA growth. Strategic launches in Brazil and the U.S. are set to further boost margins and market share.
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Record Q3 revenue and profit growth driven by U.S. and proprietary content expansion, with guidance reiterated for 2024 and a strong outlook for 2025. Strategic review concluded with a focus on organic growth and operational efficiency.
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A B2B iGaming supplier with broad jurisdictional coverage, strong content aggregation, and a scalable tech platform reported steady Q2 results and expects double-digit growth as it expands in North America. Strategic management changes and a focus on responsible gaming support its market ambitions.
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Q2 2024 revenue hit a record €24.9M, up 0.5% year-over-year, with sequential growth in revenue, gross profit, and adjusted EBITDA. U.S. market reach expanded to 70%, targeting 90% by year-end, while full-year guidance is reiterated but tracking to the lower end.