Bragg Gaming Reports Financial Results for Q2 2026

Bragg Gaming Group, a leading provider of technology and content for iGaming, has reported its results for Q2 2026, showing a 12% reduction in revenue compared to the previous year. This decline is attributed to changes in contracts in the Netherlands, while proprietary content in Canada and the United States increased by 44%.

Financial Details

The company reported quarterly revenues of €22.9 million, down from €26.1 million the previous year. The operating loss was €1.9 million, improving from €2.3 million in the same period in 2025. Despite the revenue decrease, adjusted EBITDA remained steady at €3.5 million, indicating a margin expansion to 15%.

Regional Impact

• Netherlands: The market experienced a 14% decrease due to customer migration.
• Canada and the U.S.: Proprietary content revenues significantly improved in both countries.
• Brazil: Revenues remained stable as some operators integrated suppliers directly.

Expanding Operational Relationships in Europe

Bragg signed an agreement with the Belgian operator 711, integrating Kambi's sports betting technology. Additionally, it has supported Super Technologies' entry into the regulated Greek market with games under the Superbet brand.

Restructuring and Savings

On July 9, 2026, Bragg announced a 19% reduction in its global workforce, expecting to save €6 million annually. This adds to projected savings from a previous restructuring in January.

Expansion in Alberta

Following the close of the quarter, Bragg launched in the recently regulated Alberta market, making over 80 titles available.

Acquisition of Drayton International

Bragg completed the acquisition of Drayton International for $9 million, fully paid in shares. This strategic move aims to strengthen its technology platform.

Board Changes

Matt Davey assumed the role of Non-Executive Chairman, while Donald Robertson left the board, replaced by Jordan Gnat, who brings over 30 years of industry experience.

Withdrawal of Projections for 2026

The company has withdrawn its fiscal projections for 2026 due to structural changes and the integration of Drayton. Management is focused on optimizing and aligning the operating model.

The company will host a conference call to discuss these results, with details available in its investors section.

Bragg's CEO, Matevž Mazij, emphasized the focus on profitability and cost management, stating that although revenues were lower, cost reduction measures have ensured the stability of adjusted EBITDA.