Bragg Gaming: Financial Results for Q2 2026

Bragg Gaming Group, a leading provider of technology solutions for iGaming, reported a 12% decrease in its quarterly revenue for Q2 2026. Total revenue was €22.9 million ($26.1 million), compared to €26.1 million ($30.6 million) in Q2 2025. This decline is primarily attributed to customer migrations in the Netherlands.

Growth in the North American Market

Although overall revenue fell, there was a 44% growth in revenue from proprietary content deployed in Canada and the United States. This increase also represented a 25% growth compared to Q1 2026.

In Brazil, revenue remained stable compared to the previous year, as some operators opted for direct integrations with suppliers.

Operating Losses and Restructuring

The operating loss for Q2 was €1.9 million ($2.2 million), an improvement of €0.4 million ($0.5 million) from the same period last year. However, the net loss increased to €2.9 million ($3.3 million).

Bragg announced a 19% reduction in its workforce. This measure is expected to save approximately €6.0 million ($6.8 million) annually. The company plans to save a total of €10.5 million ($12.0 million) through various restructuring efforts.

Expansion and New Acquisitions

Bragg has secured strategic agreements, such as its collaboration with Belgian operator 711, which will integrate its Fuze engagement tool and Kambi's Sportsbook.

Additionally, Bragg completed the acquisition of Drayton International for $9 million. Following this acquisition, Matt Davey was appointed non-executive chairman, holding 10% of Bragg's shares.

Changes in the Board

Matt Davey commented on the arrival of Jordan Gnat to the board and thanked Donald Robertson for his service. Gnat, with extensive experience in the gaming and sports media industry, enhances the board's ability to support the combined business.

Withdrawal of the 2026 Projection

Due to the acquisition of Drayton, Bragg decided to withdraw its financial forecasts for 2026. Planning for the integration is ongoing, and the lack of operational history limits the ability to forecast accurately.

Future Outlook and Strategy

Bragg's strategy remains focused on a more efficient model with a focus on proprietary content at a lower cost. According to CEO Matevž Mazij, "we maintain a sustained focus on profitability and disciplined cost management."

Bragg continues to be committed to integrating Drayton and optimizing its business to improve cash generation and long-term revenue growth.

The group has also renewed its credit line with a Canadian financial institution for another year.

For more information on Bragg Gaming Group, its results, and upcoming conferences, visit its investor section.