Bragg Gaming Group Reports Slight Year-Over-Year Increase in Revenue for Q2

• 4.9% year-over-year increase in revenue for Q2
• Significant boost in proprietary content revenue for the Toronto-based company
• Increased focus on optimizing operating costs throughout the remainder of 2025

Bragg Gaming Group has announced a 4.9% increase in revenue year-over-year for the second quarter of 2025, translating to USD $30.5 million. This also marks a gross profit rise of 10.8% compared to Q2 2024, amounting to USD $16 million.

EBITDA Decrease in Q2

While revenue increased, the company reported an Adjusted EBITDA decrease of 4.3% year-over-year, standing at USD $4.09 million.

“In our 2024 strategic review, we identified cash flow, integration and margin as key priorities and value drivers for Bragg Gaming Group,” said Matevž Mazij, Bragg’s Chief Executive Officer.

“In Q2 we made strides in integration and optimization. We pinpointed critical areas where we’ve optimised our cost structure and applied effective strategies from acquisitions like Spin Games and Wild Streak Gaming.”

Revenue Increase Insights

Mazij highlighted more than USD $2 million in annualised synergies created from the business mergers, which have significantly boosted margins heading into the latter half of 2025.

He noted that the rising gaming taxes in markets such as Brazil, the Netherlands, and Romania have motivated Bragg to focus more intently on improving margins and cash flow rather than pursuing aggressive revenue growth.

“While we are pursuing lucrative growth opportunities, our strategy emphasises margins and cash flow expansion,” added Mazij.

Consolidating Cost Structures

The company anticipates double-digit growth in both revenue and adjusted EBITDA for the entirety of 2025, driven by an emphasis on expanding further into regulated markets and enhancing their portfolio of proprietary content, as well as gaining traction in the U.S. and Latin American markets.

“We are prioritising high-margin opportunities over low-margin revenue,” Mazij remarked.

Proprietary content revenue surged by 44% compared to Q2 2024, particularly in the U.S. and Latin America. However, the Netherlands market remains sluggish, with iGaming gross revenue down by 25% in Q2.

U.S. Expansion Strategies

As part of their growth strategy, Bragg revealed a significant content partnership with Hard Rock Digital in June, focusing on creating exclusive online casino games for the operator. Furthermore, in July, the company launched its latest games using Remote Gaming Server technology with Fanatics Casino across Michigan, New Jersey, and Pennsylvania.

Conclusion

In summary, Bragg Gaming Group has demonstrated notable revenue growth alongside challenges in some regions. Their strategic focus on proprietary content and optimisation of costs indicates a strong potential for sustained growth in the evolving landscape of the gaming industry.

Key Takeaways

• 4.9% revenue growth in Q2 2025.
• 44% increase in proprietary content revenue.
• The focus on high-margin growth opportunities.
• Strategic partnerships to enhance market presence.