Bragg Gaming Reports Record Q3 Growth in the US and Brazil

Bragg Gaming Group has announced record third-quarter revenues for its US and Brazilian operations for the period ending 30 September.

Revenue rose 86 per cent year-on-year in the US and 80 per cent in Brazil. Total quarterly revenue reached €26.8m, representing a 20 per cent increase when excluding the Netherlands, where revenue declined by 22 per cent due to what Bragg described as the market’s “overall contraction caused by increased regulation and higher taxes.”

The company posted a net loss of €2.3m, or €0.09 per share, compared with a €0.2m loss, or €0.01 per share, in the same quarter last year. Adjusted EBITDA totalled €4.45m, up nine per cent from €4.08m year-on-year.

“Bragg delivered another solid quarterly performance, anchored by increased revenue, improved operational efficiency, and higher Adjusted EBITDA, all reflecting the strength and resilience of our diversified business model.”

“We are also very encouraged by our ongoing success in advancing higher-margin proprietary content, securing new partnerships and realising the benefits of our expense structure realignment. These initiatives are already sharpening our commercial focus and enhancing the scalability of our operating model.

“Finally, the newly secured US$6m credit facility with BMO Bank further strengthens our financial position and provides flexibility to accelerate expansion into regulated markets such as Brazil and the US. As we look ahead to the remainder of 2025 and into 2026, we remain confident in our ability to deliver long-term value for our shareholders.”