Bragg Gaming Group announced its financial results for the first quarter of 2025, reporting a 7.1% year-over-year revenue rise to €25.5 million. Excluding the Netherlands market, the company achieved a robust 27% year-over-year revenue growth. This demonstrates strong performance in diversified markets.
The company delivered significant margin expansion, with the gross profit margin rising by 612 basis points to 56% compared to Q1 2024. This improvement reflects a strategic focus on higher-margin proprietary content and operational efficiencies. The expanding margins contribute directly to the company's profitability.
Adjusted EBITDA for the first quarter grew by 19.7% year-over-year to €4.1 million. This growth in profitability, alongside strong cash generation, is driven by Bragg's strategic focus on proprietary content and expansion in key growth markets. The results underscore the effectiveness of the company's strategic pivot.
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.