Bragg Gaming Group Announces Impressive Q3 2025 Financial Performance and Confirms Annual Revenue Forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 13 2025
0mins
Should l Buy BRAG?
Source: Newsfilter
Financial Performance: Bragg Gaming Group reported a total revenue of €26.8 million for Q3 2025, marking a 20% increase (excluding The Netherlands) compared to Q3 2024, while net loss was €2.3 million, up from €0.2 million in the previous year.
Market Expansion: The company launched content with Fanatics Casino in key U.S. states and saw significant revenue growth in Brazil (80%) and the U.S. (86%), despite a 22% decline in revenue from The Netherlands due to regulatory changes.
Strategic Initiatives: Bragg strengthened its balance sheet with a new $6 million financing agreement and appointed new executives to enhance its leadership team, focusing on AI and innovation.
Future Outlook: The company anticipates full-year 2025 revenue between €106.0 million and €108.5 million, with an Adjusted EBITDA target of €16.5 million to €18.5 million, reflecting confidence in its growth strategy and market opportunities.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy BRAG?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on BRAG
Wall Street analysts forecast BRAG stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.690
Low
5.50
Averages
6.76
High
8.03
Current: 1.690
Low
5.50
Averages
6.76
High
8.03
About BRAG
Bragg Gaming Group Inc. is an iGaming content and platform technology solutions provider serving online and land-based gaming operators with its proprietary, content, and cutting-edge player account management (PAM) technology. Its suite of iGaming content and technology, commercial relationships and operational licenses allows it to offer a complete gaming solution in regulated online gaming markets globally. Its PAM platform provides the tools required to operate an online gaming business, including player engagement and data analysis software. Its Bragg Studios offers crafted casino game titles from in-house brands, including Wild Streak Gaming, Atomic Slot Lab and Indigo Magic. Its proprietary content portfolio is complemented by a selection of titles from carefully selected studio partners under the Powered By Bragg program. Games built on Bragg’s remote games server technology are distributed via the Bragg HUB content delivery platform and are available to Bragg customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Bragg Gaming Appoints New COO and EVP of Global Content
- Management Changes: Bragg Gaming Group has appointed Morten Tonnesen as COO and promoted Garrick Morris to EVP of Global Content, emphasizing the company's strategic focus on expanding its high-margin content business in the U.S. and Canada.
- Content Business Growth: The global content business of Bragg saw a remarkable 76% growth in Q4 2025 compared to Q4 2024, with a full-year increase of 69%, showcasing the company's strong performance in the rapidly evolving iGaming market, particularly in emerging markets.
- AI Transformation Goals: Tonnesen's mandate includes driving Bragg's ambitious AI transformation, aiming for 90% of new launches to feature AI enhancements by 2027 and integrating AI into over 75% of operational workflows, thereby enhancing overall operational efficiency.
- Market Expansion Strategy: Morris noted that since joining Bragg in 2024, the company has significantly expanded its U.S. content footprint, and plans to accelerate growth through strategic entry into Historical and Live Racing and Prediction markets, enhancing shareholder value.
See More
Bragg Gaming Extends Agreement with Senator Group in Croatia
- Agreement Extension: Bragg Gaming has extended its four-year player account management platform and solution agreement with Senator Group in Croatia, ensuring continued collaboration and service provision.
- Comprehensive Service Offering: Under the renewed agreement, Bragg will provide a library of casino games, Fuze player engagement tools, and fully managed marketing and operational services, enhancing Senator Group's competitive edge in the market.
- Significant Market Impact: This extension not only solidifies Bragg Gaming's position in the Croatian market but also lays the groundwork for future business expansion, with anticipated revenue growth as a result.
- Deepening Strategic Partnership: The continuation of this agreement underscores Bragg Gaming's commitment to a long-term partnership with Senator Group, aiming to enhance customer satisfaction and market share through ongoing technical support and service improvements.
See More
Bragg Extends Partnership with Senator Group for PAM Solutions
- Strategic Partnership Extension: Bragg Gaming Group has extended its four-year agreement with Senator Group, a leader in the Croatian online casino market, solidifying Bragg's market position in the region through a comprehensive Player Account Management (PAM) platform.
- Content and Engagement Tools: The agreement encompasses Bragg's PAM platform, an extensive library of exclusive casino games, and the award-winning Fuze™ Player Engagement tools, aimed at enhancing Senator Group's market performance and customer interaction.
- AI-Driven Technological Development: Bragg is developing technology to assist operators in adapting to upcoming regulatory changes in Croatia, utilizing the
See More
Kent Young Launches Predigy, AI-Driven Gaming Applications Set to Disrupt Industry
- Industry Disruptor: Kent Young's launch of Predigy aims to leverage advanced AI technology to develop alternative gaming applications, marking his third major entrepreneurial venture in the gaming sector and expected to drive market innovation.
- Successful Track Record: Following lucrative exits from True Blue Gaming and Spin Games, Young's Predigy will focus on building immersive, AI-adaptive applications that bridge the gap between traditional casino applications and emerging gaming sectors, further solidifying his industry leadership.
- Market Transformation: Young notes that the gaming and related verticals are undergoing the most significant transformation in history, with Predigy set to fundamentally alter technology and player interaction through AI development environments, addressing the urgent market demand for innovation.
- Unique Value Proposition: Predigy offers a unique value proposition for operators looking to diversify product categories, dedicated to developing dynamic, adaptive, immersive player experiences that will shape the future of the global gaming market.
See More
Bragg Partners with Golden Whale to Enhance AI Predictive Capabilities
- Strategic Partnership: Bragg Gaming Group has entered into a strategic partnership with Golden Whale Productions to enhance player engagement through advanced machine learning, marking a significant milestone in Bragg's roadmap to becoming a fully AI-driven company by 2027.
- Predictive Model Optimization: The collaboration will leverage Golden Whale's AI models to enhance the predictive intelligence of Bragg's Player Account Management platform, expected to significantly improve operational efficiency and reduce costs, thereby strengthening market competitiveness.
- Data-Driven Operational Excellence: The initiative aims to achieve precise forecasting of key metrics, including revenue potential at 30-day, 90-day, and 1-year intervals, enabling Bragg to implement more effective customer retention strategies and boost revenue.
- Setting Industry Standards: Golden Whale's AI-driven tools have demonstrated a 140% accumulated growth over the past 12 months, along with a 20% reduction in bonus costs, which is anticipated to yield significant returns on investment for Bragg, driving growth across its operations in over 30 regulated markets.
See More
Bragg Gaming Partners with Brazino777 for High-Margin Content Distribution
- High-Margin Content Partnership: Bragg Gaming has signed a content distribution agreement with Brazino777 to supply its high-margin exclusive online casino content across regulated LatAm markets, including Mexico and Brazil, which is expected to significantly boost the company's revenue in these rapidly growing markets.
- Market Expansion Strategy: By partnering with the well-known local brand Brazino777, Bragg is executing its strategy to globally grow proprietary content revenue, further enhancing its market share in the LatAm region, particularly in Brazil.
- Localization Advantage: Known for its fast withdrawal rates and deep cultural ties, Brazino777 will enhance user experience by offering Bragg's content, thereby increasing user satisfaction and loyalty.
- Long-Term Growth Potential: Bragg's Regional Director emphasized that this collaboration is a major step in expanding the reach of its proprietary content in the LatAm market, which is expected to accelerate the company's long-term growth trajectory in the region.
See More
Bragg Gaming Appoints New COO and EVP of Global Content
- Management Changes: Bragg Gaming Group has appointed Morten Tonnesen as COO and promoted Garrick Morris to EVP of Global Content, emphasizing the company's strategic focus on expanding its high-margin content business in the U.S. and Canada.
- Content Business Growth: The global content business of Bragg saw a remarkable 76% growth in Q4 2025 compared to Q4 2024, with a full-year increase of 69%, showcasing the company's strong performance in the rapidly evolving iGaming market, particularly in emerging markets.
- AI Transformation Goals: Tonnesen's mandate includes driving Bragg's ambitious AI transformation, aiming for 90% of new launches to feature AI enhancements by 2027 and integrating AI into over 75% of operational workflows, thereby enhancing overall operational efficiency.
- Market Expansion Strategy: Morris noted that since joining Bragg in 2024, the company has significantly expanded its U.S. content footprint, and plans to accelerate growth through strategic entry into Historical and Live Racing and Prediction markets, enhancing shareholder value.
See More
Bragg Gaming Extends Agreement with Senator Group in Croatia
- Agreement Extension: Bragg Gaming has extended its four-year player account management platform and solution agreement with Senator Group in Croatia, ensuring continued collaboration and service provision.
- Comprehensive Service Offering: Under the renewed agreement, Bragg will provide a library of casino games, Fuze player engagement tools, and fully managed marketing and operational services, enhancing Senator Group's competitive edge in the market.
- Significant Market Impact: This extension not only solidifies Bragg Gaming's position in the Croatian market but also lays the groundwork for future business expansion, with anticipated revenue growth as a result.
- Deepening Strategic Partnership: The continuation of this agreement underscores Bragg Gaming's commitment to a long-term partnership with Senator Group, aiming to enhance customer satisfaction and market share through ongoing technical support and service improvements.
See More
Bragg Extends Partnership with Senator Group for PAM Solutions
- Strategic Partnership Extension: Bragg Gaming Group has extended its four-year agreement with Senator Group, a leader in the Croatian online casino market, solidifying Bragg's market position in the region through a comprehensive Player Account Management (PAM) platform.
- Content and Engagement Tools: The agreement encompasses Bragg's PAM platform, an extensive library of exclusive casino games, and the award-winning Fuze™ Player Engagement tools, aimed at enhancing Senator Group's market performance and customer interaction.
- AI-Driven Technological Development: Bragg is developing technology to assist operators in adapting to upcoming regulatory changes in Croatia, utilizing the
See More
Kent Young Launches Predigy, AI-Driven Gaming Applications Set to Disrupt Industry
- Industry Disruptor: Kent Young's launch of Predigy aims to leverage advanced AI technology to develop alternative gaming applications, marking his third major entrepreneurial venture in the gaming sector and expected to drive market innovation.
- Successful Track Record: Following lucrative exits from True Blue Gaming and Spin Games, Young's Predigy will focus on building immersive, AI-adaptive applications that bridge the gap between traditional casino applications and emerging gaming sectors, further solidifying his industry leadership.
- Market Transformation: Young notes that the gaming and related verticals are undergoing the most significant transformation in history, with Predigy set to fundamentally alter technology and player interaction through AI development environments, addressing the urgent market demand for innovation.
- Unique Value Proposition: Predigy offers a unique value proposition for operators looking to diversify product categories, dedicated to developing dynamic, adaptive, immersive player experiences that will shape the future of the global gaming market.
See More
Bragg Partners with Golden Whale to Enhance AI Predictive Capabilities
- Strategic Partnership: Bragg Gaming Group has entered into a strategic partnership with Golden Whale Productions to enhance player engagement through advanced machine learning, marking a significant milestone in Bragg's roadmap to becoming a fully AI-driven company by 2027.
- Predictive Model Optimization: The collaboration will leverage Golden Whale's AI models to enhance the predictive intelligence of Bragg's Player Account Management platform, expected to significantly improve operational efficiency and reduce costs, thereby strengthening market competitiveness.
- Data-Driven Operational Excellence: The initiative aims to achieve precise forecasting of key metrics, including revenue potential at 30-day, 90-day, and 1-year intervals, enabling Bragg to implement more effective customer retention strategies and boost revenue.
- Setting Industry Standards: Golden Whale's AI-driven tools have demonstrated a 140% accumulated growth over the past 12 months, along with a 20% reduction in bonus costs, which is anticipated to yield significant returns on investment for Bragg, driving growth across its operations in over 30 regulated markets.
See More
Bragg Gaming Partners with Brazino777 for High-Margin Content Distribution
- High-Margin Content Partnership: Bragg Gaming has signed a content distribution agreement with Brazino777 to supply its high-margin exclusive online casino content across regulated LatAm markets, including Mexico and Brazil, which is expected to significantly boost the company's revenue in these rapidly growing markets.
- Market Expansion Strategy: By partnering with the well-known local brand Brazino777, Bragg is executing its strategy to globally grow proprietary content revenue, further enhancing its market share in the LatAm region, particularly in Brazil.
- Localization Advantage: Known for its fast withdrawal rates and deep cultural ties, Brazino777 will enhance user experience by offering Bragg's content, thereby increasing user satisfaction and loyalty.
- Long-Term Growth Potential: Bragg's Regional Director emphasized that this collaboration is a major step in expanding the reach of its proprietary content in the LatAm market, which is expected to accelerate the company's long-term growth trajectory in the region.
See More
