Canada's Bragg Gaming Q4 revenue hits record, driven by gains in Brazil

Bragg Gaming

19/03/2026 11:57

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    Overview
  
    * Canada iGaming platform provider's Q4 revenue rose 1.9% yr/yr to record €27.7 mln
    * Company posted Q4 net loss of €1.3 mln; adjusted EBITDA declined slightly yr/yr

    
    Outlook
  
    * Bragg Gaming expects 2026 revenue between €97.0 mln and €104.5 mln
    * Company sees 2026 Adjusted EBITDA of €16.0 mln to €19.0 mln

    
    Result Drivers
  
    * REGIONAL PERFORMANCE - Co said Q4 revenue growth was driven by strong gains in Brazil, offset by a decline in the Netherlands due to increased regulation and higher taxes
    * PROPRIETARY CONTENT EXPANSION - U.S. recurring revenue grew 55% yr/yr, driven by expanded high-margin proprietary content footprint

    
Company press release:  ID:nBw5vmlc8a 
    
    Key Details
  
                               
                               
 Metric    Beat/Mis  Actual    Consensu
           s                   s
                               Estimate
                               
                               
 Q4 Net              -EUR       
 Income              1.30 mln  
 Q4                  EUR 4.60   
 Adjusted            mln       
 EBITDA                        
    
    Analyst Coverage
  
    * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
    * The average consensus recommendation for the online services peer group is "buy"
    * Wall Street's median 12-month price target for Bragg Gaming Group Inc is C$7.00, about 197.9% above its March 18 closing price of C$2.35

    
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)