Bragg Gaming reports strong Q4 growth, expands globally
Key Takeaways
Bragg Gaming Group reports strong growth in the fourth quarter of 2024. Revenue increases by 16.3% to $28.8 million. Gross profit grows by 31% to $17.1 million. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) rises by 68% to over $5 million. For the full fiscal year 2024, revenue reaches $108.1 million, reflecting a 9.1% increase.
Growth Through Expansion and Partnerships
Bragg Gaming is driving its expansion through strategic partnerships. A deal with Loto-Québec expands the company’s presence in Canada. Additionally, a collaboration with Caesars Entertainment has been established to provide technological solutions and content.
A key milestone was the market entry into Brazil in January 2024. The country’s regulated iGaming sector offers Bragg new growth opportunities. CEO Matevž Mazij emphasizes that investments in proprietary content and AI-driven platforms will boost revenue growth and profitability.
Strategic Direction for 2025
Mazij highlights the importance of the leadership team. The partnership with Caesars is an example of successful business deals that enable sustainable growth. Bragg Gaming focuses on scalable platforms and high-margin products to further improve financial performance.
In addition to its existing operations in New Jersey, Bragg is also active in Nevada. Its subsidiary, Wild Streak Gaming, provides casino games for land-based, online, and social casino operators in the U.S. and the U.K.
Our Assessment
Bragg Gaming demonstrates a clear growth strategy with targeted partnerships and market expansions. Entry into new regulated markets such as Brazil strengthens its market position. The collaboration with Caesars Entertainment underscores its long-term vision. For 2025, Bragg remains a company with potential for further growth.
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