Business
Bragg Gaming Group Announces Record Fourth Quarter 2024 Revenue of EUR 27.2 Million (USD 28.8 Million) and Full Year Revenue of EUR 102.0 Million (USD 108.1 Million)
Fourth quarter revenue increased 16.3% YoY to a record level; gross profit rose 30.9% and adjuste...
About this update from Bragg Gaming Group Inc.
[{"type":"text","content":"Bragg Gaming Group Announces Record Fourth Quarter 2024 Revenue of EUR 27.2 Million (USD 28.8 Million) and Full Year Revenue of EUR 102.0 Million (USD 108.1 Million)\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadr0 { padding-right: 0px }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth12 { width: 12% }\n.bwwidth2 { width: 2% }\n.bwwidth3 { width: 3% }\n.bwwidth44 { width: 44% }\n.bwwidth61 { width: 61% }\n.bwwidth70 { width: 70% }\n.bwwidth96 { width: 96% }\n \n\n\n\n\n Fourth quarter revenue increased 16.3% YoY to a record level; gross profit rose 30.9% and adjusted EBITDA grew by 68.0%\n \n\n Full year revenue increased 9.1% YoY to a record level; gross profit rose 8.2% and adjusted EBITDA grew by 3.6%\n \n\n In 2025 Bragg expects significant revenue growth in Brazil and North America, which is anticipated to contribute up to 10% and 15% of revenue, respectively by year-end\n \n\n 2025e guidance (midpoint) projects revenue increasing by 17.9% to EUR 120.25 million, adjusted EBITDA rising by 28.2% to EUR 20.25 million, and the adjusted EBITDA margin improving by 140 basis points to 16.8%.\n \n\n\n\n\n Bragg Gaming Group (\n \n NASDAQ: BRAG\n \n ,\n \n TSX: BRAG\n \n ) (\"Bragg\" or the \"Company\"), a global B2B content and technology solutions provider to the iGaming industry, today reported record revenue for the fourth quarter and full year of 2024.\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Summary of Financial and Operational Highlights\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Euros (millions)\n \n (1)\n \n\n\n\n\n\n\n\n\n\n\n 4Q24\n \n\n\n\n\n\n\n\n\n\n 4Q23\n \n\n\n\n\n\n\n\n\n\n Change\n \n\n\n\n\n\n\n\n\n\n\n Revenue\n \n\n\n\n\n\n...