Q2 2025 Revenue Rise for Bragg Gaming, Simultaneous Operational Expenses Growth
In the rapidly evolving world of online gaming, Bragg Gaming Group is making bold moves to secure its position as a leader in the industry. The company, which recently appointed Luka Pataky as its EVP of AI and Innovation, is focusing on an AI-first cultural and technological shift.
For Q2 2025, Bragg's strategic focus is on expansion in regulated markets, cost synergies, and margin optimization. This approach is reflected in the company's impressive financial performance, which shows revenue growth, steady cash flow, and improved profitability.
Bragg's revenue for Q2 2025 reached €26.1 million, a 5% year-over-year increase. The company is pursuing strategic expansion through partnerships and content development, particularly targeting regulated U.S. iGaming markets. Cash flow remains stable, with positive operating leverage opportunities identified by management, enabling reinvestment in growth initiatives.
CEO Matevz Mazij, who owns 17.8% of shares, is steering initiatives to unlock value through strategic alternatives and margin expansion. He emphasized the focus is on improving margins and cash generation over rapid revenue growth, given the higher gaming taxes in countries like Brazil, the Netherlands, and Romania.
Mazij also stated that these actions align with Bragg's objective to coalesce operational efficiency with sustainable, profitable growth. The company is prioritizing higher-margin opportunities and aims to reach an Adjusted EBITDA margin target of 20% in the second half of 2025.
Bragg is also expanding its proprietary content portfolio, particularly in the US and Latin America. The company recently signed an exclusive content development agreement with Hard Rock Digital.
Despite a challenging Dutch market where industry gross gaming revenue has fallen 25% this year, Bragg's proprietary content continues to grow in the US. Bragg also launched content with Fanatics Casino across the Tri-State area.
In terms of cost management, Bragg implemented cost structure adjustments and realized €2 million in annualized savings from acquisitions such as Spin Games and Wild Streak Gaming. The company is also in advanced talks to secure a new revolving credit facility from a Tier 1 Canadian bank.
On the stock side, despite some technical sell signals and short-term price volatility, Bragg Gaming maintains support levels near $5.77, indicating potential buying interest.
Overall, Bragg Gaming Group is balancing top-line growth with margin optimization and disciplined cost management. The company is leveraging strategic partnerships to expand its regulated market presence and secure sustainable cash flow for continued investment. Scott Milford, the new EVP of Group Content, will play a key role in driving online casino content growth at Bragg. With these strategic moves, Bragg is positioning itself for a strong future in the online gaming industry.
- Bragg Gaming Group, in the realm of online gaming and iGaming, is strategically focusing on expansion in regulated markets, cost synergies, and margin optimization for Q2 2025.
- The company's financial performance, marked by revenue growth, steady cash flow, and improved profitability, reflects this approach, prompting solid growth opportunities in the gambling industry's technological landscape.
- As it pursues higher-margin opportunities, Bragg has signed an exclusive content development agreement with Hard Rock Digital and partnered with Fanatics Casino, marking significant steps in its strategic expansion across US and Latin American markets.
