Bragg Gaming announces record Q3 revenue
The company has reported $29.3m in revenue for the third quarter of 2024.
US.- The igaming content provider Bragg Gaming Group has reported record third-quarter revenue of $29.3m, up 16 per cent year-over-year. Gross profit rose 18 per cent and adjusted EBITDA 7 per cent.
The board of directors also announced that it had decided to conclude its review of strategic alternatives for Bragg. It decided to continue with its existing strategic plan as “the best way to maximize value for shareholders at this time”
Matevž Mazij, chief executive officer for Bragg, said: ““Since stepping in as chairman 16 months ago and then as CEO 14 months ago, we’ve transformed our executive team, restructured commercial operations, and sharpened our sales strategy with a targeted, jurisdictional approach.
“These decisive actions position us to drive growth and capture market opportunities with greater precision and impact. Under new leadership, we’ve built a strong pipeline of tier 1 opportunities across key markets and key products, positioning Bragg for accelerated top- and bottom-line growth.”
Bragg named Robbie Bressler as interim chief financial officer (CFO) in July. Bressler replaced Ronen Kannor, who resigned as CFO in April to pursue other career opportunities.
