The earnings call reflected a strong position for Bragg Gaming Group despite challenges in the Netherlands market. The company showed robust growth in the U.S. and Brazil, improved profit margins, and strong cash flow generation. Strategic partnerships and financial maneuvers further support a positive outlook.

Company Guidance

During the call, Bragg Gaming Group provided extensive guidance on its financial performance and strategic direction for the first quarter of 2025. The company reported a 7.1% increase in revenue compared to the same quarter the previous year, with a notable 27% growth excluding the Netherlands. The U.S. and Brazil markets showed significant promise, with triple-digit growth in U.S. gross gaming revenue (GGR) from proprietary content and an expectation that 10% of revenue for the year will come from the LATAM region. Bragg's gross profit margin saw a substantial increase of 612 basis points to 56%, driven by a higher concentration of revenue from proprietary content. Adjusted EBITDA grew by 19.7% to €4.1 million, and the adjusted EBITDA margin improved by 169 basis points to 16%. The company generated €4.5 million in operating cash, a 61% increase from Q1 2024, and delivered €0.9 million in free cash flow. For the full year 2025, Bragg projects an 18% increase in revenue to €120.25 million and a 28% rise in adjusted EBITDA to €20.25 million, with a focus on proprietary iGaming products and content as key growth drivers.

Revenue Growth Excluding Netherlands

Excluding the Netherlands, Bragg Gaming Group's revenue growth was a robust 27% over the same period, demonstrating strong performance in other markets like the U.S. and Brazil.

U.S. Market Expansion and GGR Growth

The U.S. online casino market is growing, with a 25% increase in GGR over the past year. Bragg reported a 338% increase in GGR from its proprietary content in these states.

Brazilian Market Launch

Bragg launched its content in Brazil on January 1, 2025, expecting 10% of its revenue to come from the LATAM region this year.

Increased Gross Profit Margin

Gross profit margin rose by 612 basis points to 56% in Q1 2025, reflecting a shift towards higher-margin proprietary content.

Strong Cash Flow Generation

Bragg generated €4.5 million in operating cash during Q1 2025, a 61% increase from Q1 2024.

Caesars Digital Partnership

Bragg announced a games development and remote game server technology agreement with Caesars Digital, with the first game launched being Caesars Palace's signature multi-hand Blackjack Surrender.

Debt Repayment and Improved Credit Terms

Bragg repaid $5 million of its $7 million secured credit note and is securing a new credit facility with improved terms.

Bragg Gaming Group Inc (TSE:BRAG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:BRAG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2025	2025 (Q2)	-0.08 / -	-0.1	―	―	―
May 15, 2025	2025 (Q1)	-0.07 / -0.17	-0.125	-37.50% (-0.05)	―	―
Mar 20, 2025	2024 (Q4)	-0.06 / -0.03	-0.063	50.00% (+0.03)	―	―
Nov 14, 2024	2024 (Q3)	-0.08 / -0.02	-0.203	92.31% (+0.19)	―	―
Aug 08, 2024	2024 (Q2)	-0.06 / -0.16	0.031	-600.00% (-0.19)	―	―
May 09, 2024	2024 (Q1)	-0.09 / -0.13	-0.031	-300.00% (-0.09)	―	―
Mar 26, 2024	2023 (Q4)	<0.01 / -0.06	-0.047	-33.33% (-0.02)	―	―
Nov 09, 2023	2023 (Q3)	-0.03 / -0.20	-0.141	-44.44% (-0.06)	―	―
Aug 10, 2023	2023 (Q2)	0.02 / 0.03	0	―	―	―
May 10, 2023	2023 (Q1)	-0.03 / -0.03	-0.063	50.00% (+0.03)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:BRAG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 15, 2025	C$6.25	C$6.43	+2.88%
Mar 20, 2025	C$6.27	C$6.33	+0.96%
Nov 14, 2024	C$6.10	C$4.26	-30.16%
Aug 08, 2024	C$7.15	C$6.90	-3.50%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Bragg Gaming Group Inc (TSE:BRAG) report earnings?

Bragg Gaming Group Inc (TSE:BRAG) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.

What is Bragg Gaming Group Inc (TSE:BRAG) earnings time?

Bragg Gaming Group Inc (TSE:BRAG) earnings time is at Aug 07, 2025, TBA Not Confirmed.

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:BRAG EPS forecast?

TSE:BRAG EPS forecast for the fiscal quarter 2025 (Q2) is -0.08.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing