Bragg Gaming Group Announces Q2 2026 Financial Results

Bragg Gaming Group announced its financial results for the second quarter of 2026 with total revenue of €22.9 million. This represents a 12% decline compared to €26.1 million in the second quarter of 2025. The Dutch market significantly influenced this decrease due to the early termination of legacy platform contracts. However, revenues in Canada and the United States from proprietary content increased by 44% year-on-year.

Operational and Financial Results

The operational loss for the second quarter was €1.9 million, improving by €0.4 million compared to the previous year. However, net loss increased to €2.9 million. Adjusted EBITDA remained stable at €3.5 million, representing an adjusted EBITDA margin of 15%, up from 13% the prior year.

Expansion in Europe and America

Bragg signed an agreement with 711, a leading Belgian operator, integrating the sports betting platform from Kambi and its engagement tool, Fuze. Additionally, Bragg entered the Alberta market, debuting with over 80 Bragg titles available for players in the Canadian province.

Restructuring and Acquisitions

In July 2026, a 19% reduction in the global workforce was announced, expecting to save approximately €6 million annually. Furthermore, the acquisition of Drayton International for $9 million paid entirely in stock has been completed.

"We continue to execute our strategy with a focus on profitability and disciplined cost management," commented Matevž Mazij, CEO of Bragg.

Changes in the Board of Directors

Matt Davey was appointed Non-Executive Chairman, stating: "I have invested in Bragg because its underlying assets are valuable." With over 30 years of experience, Jordan Gnat joined the board of directors.

The withdrawal of the 2026 guidance is due to the ongoing integration of Drayton, making it difficult to predict the combined business results accurately. Bragg will focus on integrating and optimizing its operating model to align with its technological roadmap.

Investor Information

Bragg plans an investor call today at 8:30 a.m. Eastern Time to discuss the results and provide a business update, accessible at Bragg Investors.