For the fourth quarter of 2024, Bragg Gaming Group reported revenue of $28.8 million, a 16.3% increase over the same period the previous year. Additionally, gross profit increased by about 31% to $17.1 million. In the meantime, adjusted EBITDA surpassed $5 million, a 68% year-over-year increase.
Revenue for the fiscal year as a whole was $108.1 million, a 9.1% increase over the prior year. Adjusted EBITDA increased by a moderate 3.6%, while gross profit increased by 8.2%.
Expansion and Strategic Partnerships
Its expansion has been greatly aided by Bragg’s recent deals. Through a content agreement with Loto-Québec, the business entered a second Canadian province. Additionally, it established a strategic alliance with Caesars Entertainment to provide technological and content solutions.
Additionally, Bragg took advantage of the new chances in the region by entering the regulated iGaming sector in Brazil in January.
Reflecting on the company’s consistent progress, Bragg CEO Matevž Mazij highlighted the successful execution of strategic initiatives. He stated, “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.”
Mazij also emphasized the importance of the leadership team in achieving these results. He added, “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 existing operations in New Jersey, Bragg maintains a presence in Nevada through its subsidiary, Wild Streak Gaming. The subsidiary offers a range of casino games to land-based, online, and social casino operators across the US and the UK.
With strategic partnerships and expansions, Bragg Gaming Group remains well-positioned for continued growth and market dominance in 2025.
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