Bragg Gaming reports first-quarter 7.1% revenue increase driven by US growth
Gambling technology and igaming content provider Bragg Gaming saw a 7.1% increase in its first-quarter revenues, bringing in €25.5 million (US$28.5 million)1 EUR = 1.1163 USD
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Meanwhile, gross profits increased by 20.3% to €14.3 million (US$16.0 million)1 EUR = 1.1163 USD
2025-05-16Powered by CMG CurrenShift, while adjusted EBITDA climbed by 19.7% to €4.1 million (US$4.58 million)1 EUR = 1.1163 USD
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A significant portion of revenue growth was driven by Bragg Gaming’s revenue performance in the US, where the company saw a 150% rise in revenue. Accounting for around 15% of the company’s revenue, Bragg Gaming attributed the success to the performance of its exclusive online casino content.
Among this content was the recent launch of Caesars’ first proprietary online casino game, Caesars Palace Signature Multihand Blackjack Surrender.
Bragg Gaming also benefited from the launch of the Brazilian igaming market in January, with Brazilian revenue accounting for 10% of its revenue.
The success of the US and Brazil markets offset the struggles Bragg Gaming faced in the Netherlands because of gambling tax increases and the introduction of stricter deposit limits. Removing its Netherlands revenues, Bragg Gaming’s revenues increased 27% year-on-year in the first quarter.
“I’m pleased that Bragg has shown resilience under these pressures and is reducing its exposure to the Netherlands while seeing strong growth in markets such as the United States and Brazil,” Bragg Gaming CEO Matevz Mazij said in statement. “Excluding the Netherlands, revenue growth year-over-year came in at a robust 27%, driven in part by triple-digit growth in the U.S.”
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