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Bragg Gaming Group Inc
(TSX:BRAG)
Bragg Gaming Group Inc (BRAG) vs. iShares MSCI Canada ETF (EWC)
Bragg Gaming Group Inc Business Overview & Revenue Model
Bragg Gaming Group Inc Earnings Call Summary
Bragg Gaming Group Inc Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 105.55M | 102.00M | 93.52M | 84.73M | 58.32M | 46.42M |
| Gross Profit | 58.44M | 54.05M | 49.94M | 45.08M | 28.32M | 20.19M |
| EBITDA | 13.68M | 12.95M | 12.36M | 8.34M | -1.64M | -9.02M |
| Net Income | -7.45M | -5.15M | -3.84M | -3.48M | -7.51M | -14.48M |
Balance Sheet | ||||||
| Total Assets | 100.50M | 106.59M | 103.37M | 104.39M | 83.39M | 72.09M |
| Cash, Cash Equivalents and Short-Term Investments | 3.02M | 10.47M | 8.80M | 11.29M | 16.01M | 26.10M |
| Total Debt | 7.17M | 10.28M | 3.28M | 7.39M | 600.00K | 726.00K |
| Total Liabilities | 36.48M | 33.10M | 33.12M | 34.85M | 17.20M | 32.20M |
| Stockholders Equity | 64.02M | 73.50M | 70.25M | 69.53M | 66.19M | 39.90M |
Cash Flow | ||||||
| Free Cash Flow | -1.90M | -2.00M | 2.02M | -2.17M | -3.31M | 4.22M |
| Operating Cash Flow | 12.24M | 11.16M | 11.74M | 5.75M | -41.00K | 6.73M |
| Investing Cash Flow | -15.04M | -13.17M | -9.72M | -16.87M | -23.88M | -2.78M |
| Financing Cash Flow | -5.51M | 3.61M | -4.17M | 7.01M | 12.41M | 22.26M |
Bragg Gaming Group Inc Technical Analysis
Bragg Gaming Group Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | C$81.95M | -7.01 | -10.97% | ― | 12.57% | -40.95% | |
50 Neutral | C$4.07M | -5.55 | ― | ― | -100.00% | 90.84% | |
44 Neutral | C$68.81M | -9.87 | -40.46% | ― | 52.23% | -300.60% | |
42 Neutral | C$14.34M | -1.79 | ― | ― | -3.78% | 88.40% |
Bragg Gaming Group Inc Corporate Events
Bragg Gaming Group has signed a long-term turnkey solution deal with new operator SuomiVeto, led by the founders of BetCity.nl, to supply its PAM platform, exclusive and aggregated casino content, fully managed sportsbook, Fuze™ engagement tools, and managed services for the soon-to-be-liberalized Finnish iGaming market. The agreement positions Bragg early as a key technology supplier in Finland’s forthcoming regulated online gambling sector, where the market is projected to reach €1.1–€1.3 billion in 2027, and aligns with the company’s AI-First strategy by deploying its “Bragg AI Brain” and hyper-personalized, regulation-aware tools to support compliance with Finland’s expected marketing and bonus restrictions, replicating its successful market-entry playbook from the Netherlands and Brazil.
The most recent analyst rating on (TSE:BRAG) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group has extended its Player Account Management agreement with Entain’s Dutch brand BetCity.nl, ensuring the operator will continue to use Bragg’s proprietary PAM platform, online casino content and sports betting delivery products in the Netherlands until at least May 31, 2026. The extension is designed to support a potential migration of BetCity.nl to Entain’s own platform and is expected by Bragg to materially bolster its reported revenues over the coming months as it delivers both regular and migration-related services, underscoring the company’s entrenched role in a key European iGaming market even as the longer-term structure of the partnership remains under discussion.
The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group has announced a strategic restructuring that will cut about 12% of its global workforce as part of a broader plan to streamline operations, lower its cost base and accelerate its path to sustained net profitability. The move is expected to generate approximately EUR 4.5 million in annualized cash savings after an estimated EUR 1.0 million in one-time personnel-related charges, and is accompanied by an ambitious AI transformation program that aims to make Bragg an AI-first company by 2027, with AI-enhanced products standard across most launches and the majority of operational workflows influenced by AI. Management frames the restructuring and cost reductions as the final step, after recent key hires, to preserve the company’s cash runway, support EBITDA growth and strengthen its position for organic expansion and potential industry consolidation, particularly as the iGaming sector faces mounting regulatory and tax pressures and new opportunities in areas such as prediction markets and historical racing.
The most recent analyst rating on (TSE:BRAG) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group has entered a strategic partnership with iGaming data science specialist Golden Whale Productions to advance its shift toward becoming an AI-first company by 2027. Under the agreement, Bragg will integrate Golden Whale’s ‘Foundation’ machine learning models into its Player Account Management platform to build the so-called Bragg AI Brain, a predictive intelligence engine designed to automate workflows, optimize player incentives, and deliver hyper-personalized gaming experiences. The collaboration aims to validate and deploy highly accurate predictive models capable of forecasting player revenue over multiple time horizons and identifying churn risk windows, enabling more effective retention and reactivation campaigns. By embedding these AI-driven insights directly into its operational platform, Bragg expects to reduce costs, improve operational leverage and create a differentiated, proof-of-value AI offering for current and future customers in its regulated markets, potentially strengthening its competitive position and boosting proprietary content and partnership-driven revenues.
The most recent analyst rating on (TSE:BRAG) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group has launched its proprietary and exclusive content on the Blaze platform in Brazil, marking a significant step towards its 2025 goal of increasing high-margin revenue from exclusive online casino content. This partnership with Blaze, a leading Brazilian iGaming operator, not only enhances Bragg’s presence in the Brazilian market but also supports its profitability goals by diversifying its revenue stream through proprietary content. The launch includes around 80 games, including regional favorites, which are expected to perform well and add value to Blaze’s casino offerings.
The most recent analyst rating on (TSE:BRAG) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group has extended its agreement with 711 Group to launch its turnkey solution in the Belgian iGaming market, following its success in the Netherlands. This strategic three-year extension enhances Bragg’s position in regulated iGaming markets and supports 711 Group’s growth by providing a comprehensive suite of technology and content solutions, including the FUZE™ engagement toolset and a diverse content portfolio.
The most recent analyst rating on (TSE:BRAG) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group Inc reported strong financial results for the third quarter of 2025, with a notable revenue growth of 20% excluding the Netherlands, despite a net loss of €2.3 million. The company expanded its U.S. content footprint, strengthened its balance sheet with a new financing agreement, and enhanced its leadership team, all while navigating regulatory challenges and focusing on high-margin operations.
The most recent analyst rating on (TSE:BRAG) stock is a Hold with a C$3.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.
Bragg Gaming Group announced it will release its third-quarter 2025 financial results on November 13, 2025, followed by a conference call led by the CEO and CFO to discuss the results and provide a business update. This announcement is significant as it provides stakeholders with insights into the company’s financial health and strategic direction, potentially impacting its market positioning and investor relations.
The most recent analyst rating on (TSE:BRAG) stock is a Buy with a C$4.00 price target. To see the full list of analyst forecasts on Bragg Gaming Group Inc stock, see the TSE:BRAG Stock Forecast page.