Bragg Gaming has announced its FY2024 preliminary financial figures, predicting €102 million ($166.2 million) in revenue and $16 million in adjusted EBITDA. The business has also set high goals for 2025, anticipating substantial growth fueled by the introduction of proprietary content and entry into important markets.
Strong Performance and Future Growth
Bragg Gaming CEO Matevž Mazij expressed confidence in the company’s trajectory, stating, “I am pleased with where we believe 2024 results will land and very excited about the strong growth trajectory outlined in our 2025 guidance. Our strategic investments in proprietary and exclusive content as well as various Data, Player journey and AI enhanced engagement features, are expected to drive our growth in 2025.”
He underlined the company’s emphasis on high-margin goods and its growth in markets like the US and Brazil. He also emphasized Bragg’s PAM product’s strengths, pointing out that although content will be the key engine of development, there are still plenty of potential for PAM to flourish.
Bragg anticipates double-digit year-over-year growth in revenue in 2025, with estimates ranging from $122.4 million to $128.1 million. A move toward higher-margin products is expected to help the company’s adjusted EBITDA in 2025, which is expected to range from $19.8 million to $22.4 million.
To sustain this growth, Bragg plans to:
- Increase revenue from proprietary and exclusive content, reducing reliance on third-party content.
- Strengthen its presence in key markets, including North America, Brazil, and major European regions.
- Enhance its technology, data, and AI-driven engagement features.
- Expand exclusive partnerships to boost product reach.
As it continues to expand in Europe, especially in Italy, the UK, Spain, and Sweden, Bragg hopes to build on its dominant market positions in North America and Brazil. The business anticipates increasing profitability and solidifying its position as the market leader in gaming through these calculated actions.
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