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Bragg Gaming Group Inc ( (TSE:BRAG) ) has issued an announcement.
Bragg Gaming Group reported record fourth-quarter 2025 revenue of €27.7 million and full-year 2025 revenue of €106.1 million, driven by strong growth in Brazil and the U.S. despite a contraction in the Dutch market. While operating losses narrowed in Q4 and adjusted EBITDA improved modestly for the year, net losses widened, reflecting ongoing investment and restructuring.
In 2025 Bragg strengthened its balance sheet by refinancing debt at lower cost and securing new revolving credit facilities, ending the year with €6.7 million in cash. The company expanded in the U.S. and Latin America through new content launches, extended European PAM partnerships, and prepared for Finland’s upcoming iGaming liberalization.
Management moves included appointing Morten Tonnesen as COO, promoting Garrick Morris to EVP Global Content, and shifting director compensation entirely to deferred share units to better align with shareholders. On March 19, 2026, Bragg unveiled an “AI-first” transformation centered on its Bragg AI Brain and announced a strategic restructuring, including a roughly 12% workforce reduction that is expected to yield about €4.5 million in annualized savings.
Also on March 19, 2026, Bragg named veteran iGaming executive Thomas Winter to its board, replacing retiring director Kent Young. The board highlighted Winter’s track record building and exiting Golden Nugget Online Gaming and leading online casino operations at DraftKings as a key asset in closing the gap between Bragg’s public valuation and its perceived intrinsic value.
The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$7.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Spark’s Take on BRAG Stock
According to Spark, TipRanks’ AI Analyst, BRAG is a Neutral.
Bragg Gaming Group’s overall score is primarily influenced by strong revenue growth and strategic expansion efforts. However, profitability challenges and a negative valuation score weigh heavily on the stock’s attractiveness. Technical indicators suggest a bearish trend, while recent corporate events and positive earnings call sentiment provide some optimism.
To see Spark’s full report on BRAG stock, click here.
More about Bragg Gaming Group Inc
Bragg Gaming Group Inc. is a Toronto-based iGaming content and platform technology provider, listed on Nasdaq and the TSX, that supplies online casino games and player account management systems. The company focuses on regulated markets globally, with a growing presence in the United States, Brazil and key European jurisdictions, and emphasizes higher-margin proprietary content and AI-enhanced solutions.
Average Trading Volume: 33,727
Technical Sentiment Signal: Sell
Current Market Cap: C$59.81M
For a thorough assessment of BRAG stock, go to TipRanks’ Stock Analysis page.