Bragg Gaming Group announced record financial results for the third quarter of 2024, with revenue reaching €26.2 million. This represents a 15.9% increase compared to the €22.6 million reported in the third quarter of 2023. The growth highlights the company's continued expansion and market penetration.
Gross profit for the quarter grew by 18.1% year-over-year to €14.0 million, up from €11.9 million in the prior year period. The gross profit margin also expanded by 99 basis points, reaching 53.5% compared to 52.5% in the third quarter of 2023. This indicates improved efficiency and a favorable product mix.
Adjusted EBITDA for the third quarter of 2024 increased to €4.1 million, demonstrating a positive trend in the company's operational profitability. These results underscore Bragg's ability to generate higher earnings despite market dynamics. The company's performance reflects its strategic focus on growth initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.