Bragg Gaming Reports Strong Growth Driven by High-Margin Products
Bragg Gaming, a prominent games provider, has reported impressive financial results, highlighting a 50% YoY increase in adjusted EBITDA, which now stands at €4.7m. This significant growth has been attributed to the company’s strategic shift towards higher-margin products. This includes the development and promotion of in-house proprietary content as well as exclusive content sourced from third-party providers. As a result of these initiatives, Bragg Gaming witnessed a 19% increase in revenue, reaching a total of €24.7m.
In terms of geographical expansion, Bragg Gaming has been aggressively pushing into the North American market. This is evident from their recent collaborations, as they have successfully launched their content with seven operators spread across the US, Canada, and Mexico.
Simultaneously, the company has been strengthening its foothold in the European market. Bragg Gaming’s content has been introduced and is now live with 10 operators, spanning five distinct markets in Europe.
These positive developments underscore Bragg Gaming’s commitment to expanding its global reach and diversifying its product offerings to cater to a broader audience. The company’s strategic decisions, both in terms of product development and market expansion, seem to be paying off, as reflected in their robust financial performance.