Skip to content

Boost in Q1 Earnings for Bragg Gaming: A 150% Increase in US Revenue

Boost in Q1 2025 Earnings for Bragg Gaming: A Surge of 7.1% in Revenue to €25.5m, Attributable to a Whopping 150% Uptick in US Market Income. EBITDA Soars by 19.7%.

Q1 2025 financial results show a significant rise for Bragg Gaming, with a 7.1% revenue boost to...
Q1 2025 financial results show a significant rise for Bragg Gaming, with a 7.1% revenue boost to €25.5m. This growth is primarily due to a massive 150% surge in earnings from the US market. EBITDA elevates by 19.7%.

Boost in Q1 Earnings for Bragg Gaming: A 150% Increase in US Revenue

Helluva Q1 for Bragg Gaming! 🤑💸

Bragg Gaming Group is serving up some serious gains with their impressive Q1 2025 results, recording a steady 7.1% year-on-year revenue surge, raking in a chunky €25.5m ($28.5m). The cherry on top? A whopping 150% revenue boost in the steamrolling US market! 🎯💥

High-Flying Financials 💰📈

📊 ]Bragg Gaming's Q1 revenue, stripping away the Netherlands, soared to €25.5m, marking a 7.1% uptick from the previous year. Adjusted EBITDA followed suit, galloping forward by a striking 19.7%, hitting €4.1m.

The Rising Tide of the US Market 🇺🇸🌊

👀 The US market's the hottest ticket in town, consistently kicking ass and taking names. It single-handedly triggered a 150% revenue explosion year-on-year! Bragg anticipates that by year's end, the US will account for a colossal 15% of its overall revenue. 🤩💥

Buckling Down on the Financials 📉

💔 Despite the overall prosperity, operating losses increased by a hefty 32.5% year-on-year, reaching a (relatively) sobering €1.7m in Q1 2025. Bragg acknowledges the throttling of the Netherlands market due to regulatory pressures and is making swift moves to minimize its exposure. 🇳🇱🛑

Time to Shift Gears 🅰️💡

😎 Shoring up its market position, Bragg has stirred things up with a host of strategic moves. It ventured into the regulated Brazilian market and struck an exclusive tech collab with Caesars in the US. Bragg also teamed up with Svenska Spel in Sweden, integrating its online gaming portfolio onto their platform. 🤝🌐

The Big Cheese Weighs In 🗣️👨‍💼

🎉 Matyez Mazij, CEO of Bragg Gaming Group, chimed in on the results: "We're stoked to be serving up these stellar Q1 2025 figures, demonstrating that we're executing like pros and tuning the metrics that really matter for shareholder value."

He added, echoing the company's resilience: "Sure, the Netherlands market's been a rocky road due to regulatory hurdles, but Bragg's nimble footwork and focus on the US and Brazil has kept us on top!" 💪🌟

With its impressive Q1 results, Bragg Gaming Group is reaffirming its bullish outlook for 2025, eyeing double-digit growth in both revenue and adjusted EBITDA for the full year. 🚀💪

Business growth in the technology sector has contributed significantly to Bragg Gaming's impressive Q1 2025 financials. The strategic moves, such as venturing into the regulated Brazilian market and tech collaboration with Caesars in the US, are key examples of how technology is driving Bragg Gaming's business growth.

The US market, a key player in the business and finance realm, has showed remarkable growth for Bragg Gaming. The company anticipates that by year's end, the US will account for a colossal 15% of its overall revenue, demonstrating the impact of this market in their financial success.

Read also:

    Latest