Bragg Gaming FY24 Prelim. Revenue Rises, Stock Up

(RTTNews) - Bragg Gaming Group Inc. (BRAG), Wednesday announced the preliminary results for the fiscal year 2024, expecting revenue not less than 102 million euros, up 9 percent from last year's 93.5 million euros.

Adjusted EBITDA for the same period is estimated to be not less than 15.4 million euros compared to 15.2 million euros in the previous year.

The company further announced that it sees revenue of 117.5 million euros to 123 million euros, and adjusted EBITDA of 19 million euros to 21.5 million euros for the fiscal year 2025.

To drive growth in 2025, Bragg has planned several strategic initiatives, including content-focused product development in North America and Brazil, content integration in the U.S. market, expansion of content distribution across key Western European markets, and usage of innovative gaming technologies.

On average, analysts estimate revenue of 102.14 million euros and 113.65 million euros for the full year 2024 and 2025, respectively.

Currently, Bragg's stock is trading at $4.75, up 12.29 percent on the Nasdaq.