Bragg Gaming Group reported record revenue for the fourth quarter of 2024, reaching €27.2 million, a 16.3% increase year-over-year from €23.4 million in 4Q23. Gross profit for the quarter surged by 30.9% to €15.8 million, up from €12.0 million in the prior year. This strong performance highlights the company's operational momentum.
The gross profit margin in Q4 2024 expanded significantly by 650 basis points to 58.0%, compared to 51.5% in Q4 2023. Adjusted EBITDA for the quarter grew by 68% year-over-year to €4.7 million, marking the fourth consecutive sequential quarter of growth. These figures demonstrate a strong focus on profitability and efficiency.
For the full year 2024, Bragg Gaming Group achieved total revenue of €102.0 million, an increase of 9% from 2023. Full-year gross profits grew by 8% to €54.0 million, and adjusted EBITDA increased by 4% to €15.8 million. The company's proprietary content reached a record 13.3% of total revenue in Q4 2024, primarily driven by North American growth.
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