Bragg Gaming Group Inc
TSX:BRAG

Watchlist Manager
Bragg Gaming Group Inc Logo
Bragg Gaming Group Inc
TSX:BRAG
Watchlist
Price: 2.49 CAD 0.4% Market Closed
Market Cap: CA$62.3m

Bragg Gaming Group Inc
Investor Relations

Bragg Gaming Group, Inc. engages in the provision of artificial intelligence services including semantic search, machine learning, and natural language processing. The company is headquartered in Toronto, Ontario and currently employs 286 full-time employees. The company went IPO on 2005-03-18. The firm is primarily a B2B online gaming technology platform and casino content aggregator through its subsidiary, Oryx Gaming International LLC. Oryx Gaming International LLC is a B2B gaming solution provider. Gaming International LLC offers a turnkey solution, including an omni-channel retail, online and mobile iGaming platform, as well as an advanced content aggregator, sportsbook, lottery, marketing, and operational services. Oryx Gaming International LLC iGaming products and services include ORYXHUB, CASINOCONTENT and Fuze marketing and engagement toolset.

Show more
Loading
BRAG
S&P TSX Composite Index (Canada)
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 19, 2026
AI Summary
Q4 2025

Revenue: Q4 2025 revenue was EUR 27.7 million, up 1.9% year‑over‑year and +5.1% YoY when excluding the Netherlands.

Margins: Gross profit held at EUR 15.7 million (gross margin 56.5%) and adjusted EBITDA was EUR 4.6 million (16.5% margin), both roughly flat YoY and slightly improved sequentially.

Geography: U.S. and Brazil were the growth engines — U.S. revenue +55% YoY in Q4 and Brazil +42.1% in Q4 (Brazil +53.2% for the full year); non‑Netherlands revenue now ~68% of total in 2025 and management expects ~76% of 2026 revenue from non‑Netherlands markets.

Product mix: Proprietary content continues to scale — proprietary content revenue was about EUR 4.3 million in Q4 and grew ~20.8% YoY, representing ~15.7% of Q4 revenue (management also cited a 16.6% concentration figure).

Cost actions: Company reduced ~12% of workforce, will record ~EUR 1 million of restructuring costs in Q1 2026 for an expected EUR 4.5 million of annualized cash savings.

Guidance: Full‑year 2026 revenue guidance EUR 97.0–104.5 million and adjusted EBITDA guidance EUR 16.0–19.0 million (16%–18% EBITDA margin).

Key Financials
Revenue (Q4 2025)
EUR 27.7 million
Revenue excluding Netherlands (Q4 2025)
(reported growth) up 5.1% YoY
Netherlands revenue (Q4 2025)
(reported) down 4.6% YoY
U.S. revenue (Q4 2025)
(reported) up 55% YoY
Brazil revenue (Q4 2025)
(reported) up 42.1% YoY
Brazil revenue (Full year 2025)
(reported) up 53.2% YoY
Proprietary content revenue (Q4 2025)
EUR 4.3 million
Proprietary content growth (Q4 2025)
20.8% YoY (as stated)
Proprietary content share of revenue (Q4 2025)
15.7% (management-stated)
Gross profit (Q4 2025)
EUR 15.7 million
Gross margin (Q4 2025)
56.5%
Adjusted EBITDA (Q4 2025)
EUR 4.6 million
EBITDA margin (Q4 2025)
16.5%
Cash and cash equivalents (Dec 31, 2025)
EUR 6.7 million
Workforce reduction
~12% of global workforce
Restructuring charge (Q1 2026)
~EUR 1.0 million
2026 revenue guidance (full year)
EUR 97.0–104.5 million
2026 adjusted EBITDA guidance (full year)
EUR 16.0–19.0 million
Non‑Netherlands revenue projection (2026)
~76% of total revenue
Earnings Call Recording
Other Earnings Calls

Management

Mr. Matevz Mazij
CEO and Chair of the Board
No Bio Available
Mr. Peter Lavric
Chief Technology Officer
No Bio Available
Mr. Mark A. Clayton Esq.
Interim Company Secretary & Independent Director
No Bio Available
Mr. Doug Fallon
Group Director of Content & Founder, Wild Streak Gaming
No Bio Available
Mr. Adam Joseph Arviv
Co-Founder & Strategic Advisor
No Bio Available
Mr. Robert Jeffrey Bressler
Interim Chief Financial Officer
No Bio Available
Tim Dawson
Investor Relations Officer
No Bio Available
Giles Potter
Chief Marketing Officer
No Bio Available
Mr. Simon Dudnjik
Chief Human Resources Officer
No Bio Available
Mr. Neill Whyte
Chief Commercial Officer
No Bio Available

Contacts

Address
ONTARIO
TORONTO
130 King Street West Suite 1968, PO Box 36 Stn 1st Can Place
Contacts
+19057619200.0
www.bragg.games
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett