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

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

For the second quarter of 2025, Toronto-based Bragg Gaming Group reported a 4.9% year-over-year gain in revenue (USD $30.5 million) and a 10.8% increase in gross profit over Q2 2024 (USD $16 million).

EBITDA Drop in the Second Quarter

In Q2 2025, adjusted EBITDA decreased 4.3% year over year (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 began to focus on integration and optimization. We identified and actioned key areas where we have now optimized our cost structure and have implemented strategies to leverage synergies from acquisitions such as Spin Games and Wild Streak Gaming.”

Growth in Revenue

Mazij cited the company's annualized synergies of more than USD $2 million, which opened up higher profits for the second half of 2025.

He noted that Bragg's emphasis on enhanced margin and cash flow improvement rather than aggressive revenue expansion has been sharpened by an increase in gaming taxes in places like Brazil, the Netherlands, and Romania.

"That said, we believe that there are substantial, highly accretive growth opportunities ahead for this business,” he said. “We intend to pursue these opportunities methodically, with a focus on both margins and cash flow.”

Concentrate on Cost Structure Optimization

The company has stated that it expects double-digit growth in revenue and adjusted EBITDA for the entire year 2025. This growth will be fueled by a strategic focus on expanding into regulated markets, expanding its portfolio of proprietary content, and gaining traction in markets like Latin America and the United States.

“We are prioritizing high margin opportunities versus low margin revenue,” Mazij added.

Revenue from proprietary content has increased by 44% since Q2 2024, particularly in the company's operating markets in Latin America and the United States.  The Netherlands is still a problem, as gaming gross revenue decreased by 25% in the second quarter.

More recently, Bragg announced in June that Scott Milford had been appointed Executive Vice President, Group Content, to supervise the creation of casino games. This move was intended to expedite the company's U.S. growth strategy.

Deals for U.S. Expansion

A content agreement between Bragg and Hard Rock Digital was revealed in June. Bragg is creating a number of exclusive online casino games for the operator.

Additionally, the company announced in July that it was partnering with Fanatics Casino in Michigan, New Jersey, and Pennsylvania to debut its newest games using Remote Gaming Server technology.