Published on: August 17, 2025, at 01:21h. 

Updated on: August 17, 2025, at 01:22h.

• 4.9% growth in revenue year-over-year for Q2
• Significant rise in proprietary content earnings for the Toronto-based firm
• Greater emphasis on optimizing operational expenses throughout the remainder of 2025

Bragg Gaming Group, situated in Toronto, has reported a remarkable 4.9% year-on-year increase in revenue for Q2 2025 (USD $30.5 million), accompanied by a gross profit rise of 10.8% compared to Q2 2024 (USD $16 million).

EBITDA Decline in Q2

Adjusted EBITDA for Q2 2025 experienced a 4.3% decline year-over-year, settling at USD $4.09 million.

“During our strategic assessment in 2024, we pinpointed cash flow, integration, and margins as essential priorities and value drivers for Bragg Gaming Group,” stated Matevž Mazij, the CEO of Bragg.

“In Q2, our focus shifted toward integration and optimization. We identified and executed on key areas to enhance our cost structure and have adopted strategies to maximize synergies from acquisitions such as Spin Games and Wild Streak Gaming.”

Revenue Growth

Mazij indicated over USD $2 million in annualized synergies from the business, which are projected to improve margins for the latter half of 2025.

An uptick in gaming taxes across markets like Brazil, the Netherlands, and Romania has shifted Bragg’s emphasis towards margin enhancement and cash flow growth, rather than aggressive revenue expansion, he noted.

“However, we firmly believe that significant, highly beneficial growth prospects lie ahead for this company,” he added. “We plan to pursue these opportunities methodically, focusing on both margins and cash flow.”

Emphasis on Cost Structure Optimization

The firm anticipates double-digit revenue growth and adjusted EBITDA for the entirety of 2025, spurred by a strategic focus on further expansion into regulated markets, an increase in its proprietary content offerings, and growing traction in the U.S. and Latin American markets.

“We are prioritizing high-margin opportunities over low-margin revenue,” Mazij emphasized.

Revenue from proprietary content has surged 44% compared to Q2 2024, particularly in the U.S. and Latin America, where the company actively operates. The Netherlands market, however, remains challenging, with igaming gross gaming revenue decreasing by 25% in Q2.

On a more recent note, Bragg announced in June the appointment of Scott Milford as Executive Vice President, Group Content, tasked with overseeing casino game development to further bolster the company’s growth strategy in the U.S.

U.S. Growth Initiatives

In June, Bragg disclosed a content partnership with Hard Rock Digital, under which Bragg is set to create a series of exclusive online casino titles for the operator.

Moreover, in July, the company introduced its latest Remote Gaming Server technology with Fanatics Casino, launching across Michigan, New Jersey, and Pennsylvania.