Bragg Gaming Group has released its preliminary, unaudited 2024 financial results and set ambitious targets for 2025. The company anticipates continued revenue growth, fueled by proprietary content and strategic market penetration. CEO Matevž Mazij highlights a strong trajectory, emphasizing key partnerships and AI-driven enhancements.

  • 2024 financial performance: Revenue is expected to reach at least €102M, a 9% increase from 2023. Adjusted EBITDA is projected at €15.4M, a 1% rise from the previous year.
  • 2025 revenue guidance: Bragg forecasts revenue between €117.5M and €123M, marking double-digit growth. Adjusted EBITDA is expected to range between €19M and €21.5M, supported by higher-margin proprietary content.
  • Proprietary content expansion: Bragg aims to increase revenue from exclusive content, reducing reliance on third-party titles. This strategy is expected to enhance profitability and create a more sustainable revenue model.
  • Growth in key markets: North America and Brazil are projected to drive revenue expansion, contributing 10% and 15%, respectively.
  • US market penetration: Bragg leverages partnerships with DraftKings, FanDuel, Caesars, and BetMGM to expand in the $9.5B US iGaming market. A recent deal with Caesars Entertainment strengthens its presence.
  • European expansion strategy: The company is increasing content distribution in Italy, the UK, Spain, and Sweden. It also plans to expand exclusive partnerships in Central Europe, including the Czech Republic and Germany.
  • Technology and AI innovations: Bragg’s FUZE™ technology integrates bonuses, jackpots, and engagement tools across iGaming and sports betting.
  • PAM business stability: Despite anticipated Netherlands market contraction in 2025, Bragg expects PAM (Player Accoung Managment) business performance to remain stable.
  • Stock Appreciation Rights (SAR) plan: A new SAR program links executive compensation to long-term shareholder value, requiring a fourfold stock price increase for full payout.
  • CEO outlook:Our strategic investments in proprietary content and AI-driven engagement are key growth drivers,” said CEO Matevž Mazij. “By focusing on high-margin products, we are well-positioned for revenue and profitability gains while expanding in Brazil and the US.