Core Insights - Bragg Gaming Group has announced a strategic partnership with Golden Whale Productions, a leader in iGaming data science, to enhance its operational capabilities through artificial intelligence [1] Group 1: Partnership Details - The collaboration aims to support Bragg's strategic objectives of utilizing AI to drive cost efficiencies and improve operational excellence [1] - This partnership is considered a major milestone for the company in its efforts to leverage advanced data science in the iGaming sector [1]

Core Insights - Bragg Gaming Group has launched its proprietary and exclusive content on the Blaze platform in Brazil, featuring approximately 80 games including regional favorites [1][2][4] - This launch aligns with Bragg's 2025 goal to increase revenue from high-margin exclusive online casino content, enhancing its global growth strategy [2][4] - The partnership with Blaze strengthens Bragg's operations in the Brazilian regulated iGaming market, which has shown significant growth since the company's earlier launch this year [3][4] Company Overview - Bragg Gaming Group is a provider of iGaming content and platform technology solutions, serving both online and land-based gaming operators with proprietary content and player account management technology [5] - The company offers a diverse portfolio of high-performing casino game titles developed by in-house brands and exclusive titles from selected studio partners [5] - Bragg's technology supports multiple leading iCasino and sportsbook brands and is operational in over 30 regulated iCasino markets globally, including the U.S., Canada, Latin America, and Europe [5]

Core Insights - Bragg Gaming Group has extended its partnership with 711 Group to enhance its Player Account Management platform and online casino content in the regulated Belgian market [1][5] - The new three-year agreement allows Bragg's technology to support the launch of the 711.be brand in Belgium, building on the success of the 711.nl brand in the Netherlands [2][4] Company Overview - Bragg Gaming Group is a leading global B2B iGaming technology and content provider, offering proprietary content and advanced Player Account Management technology to online and land-based gaming operators [6][7] - The company operates in over 30 regulated iCasino markets worldwide, including the U.S., Canada, Latin America, and Europe [7] Technology and Product Offering - Bragg's core PAM platform is recognized for its robustness and flexibility, enabling clients to scale operations seamlessly in new jurisdictions [3][4] - The FUZE™ promotional and gamification toolset includes features like AI-powered game recommendations, free rounds, themed in-game widgets, and real-time leaderboards, designed to enhance player engagement [3][4] Strategic Importance - The partnership with 711 Group is seen as a strategic move for Bragg, reinforcing its position in regulated iGaming markets and aligning with its focus on expanding high-margin PAM and content offerings globally [5]

Core Viewpoint - Bragg Gaming Group Inc. is highlighted as a promising investment opportunity, with a Buy rating and a price target of $8.00 set by Maxim Group analyst Jack Vander Aarde [1]. Financial Performance - The company reported a 20% year-over-year revenue increase to €26.8 million in Q3, primarily driven by an 80% revenue increase in Brazil and an 86% increase in the US [3]. - Despite the revenue growth, Bragg Gaming experienced a net loss of €2.3 million, or €0.09 per share, compared to a net loss of €0.2 million, or €0.01 per share, in the same quarter last year [3]. Strategic Developments - Significant milestones were achieved during the quarter, including the launch of content with Fanatics Casino in key iGaming states such as New Jersey, Michigan, and Pennsylvania, contributing to a 35% increase in proprietary revenue [4]. - The company is focused on expanding its high-margin proprietary content business and geographic diversification [2]. Company Overview - Bragg Gaming Group Inc. operates as an iGaming content and technology solutions provider for online and land-based casino, lottery, and sportsbook operators, developing and distributing proprietary casino games and offering a player account management platform [5].

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Financial Data and Key Metrics Changes - In Q3 2025, revenue was EUR 26.8 million, up 2% year-over-year, with a strong 20% growth when excluding the Netherlands [9] - Gross profit increased 5% year-over-year to EUR 14.7 million, with gross margin improving 115 basis points to 54.7% [10] - Adjusted EBITDA grew 9% to EUR 4.4 million, with adjusted EBITDA margins rising 100 basis points to 16.6% [10] Business Line Data and Key Metrics Changes - Proprietary content revenue grew 35% year-over-year, making it the best-performing margin contributor [10][12] - The U.S. market accounted for half of the proprietary content revenue in Q3 2025, highlighting its significance [12] - Revenue from North America and Brazil together accounted for 22% of total revenue for the quarter, up from 12% a year ago [9] Market Data and Key Metrics Changes - The U.S. market saw an 86% year-over-year revenue growth, while Brazil experienced an 80% increase compared to the same period last year [6][16] - Non-Netherlands revenue is projected to rise from 51% in 2022 to 68% in 2025, indicating improved geographic diversification [15] Company Strategy and Development Direction - The company is focused on building a higher-margin, more diversified business, with a strategic emphasis on proprietary content [10][12] - Plans to optimize product mix and internal processes are in place to enhance margins and cash flow [11][17] - The company aims to capitalize on newly regulating jurisdictions, such as Finland, which is set to launch its regulated iGaming market in January 2027 [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of the U.S. online casino market, projected to grow from around $10 billion in 2025 to over $30 billion by 2030 [12] - The company maintains its full-year 2025 guidance, projecting revenue between EUR 106 million and EUR 108.5 million, and adjusted EBITDA between EUR 16.5 million and EUR 18.5 million [17] Other Important Information - The company secured a tier-one credit line with the Bank of Montreal, enhancing liquidity and lowering borrowing costs [7][11] - The Netherlands market remains impacted by regulatory changes, with revenue down 22% year-over-year, but the company is focused on growth in other markets [9][14] Q&A Session Summary Question: Thoughts on proprietary content growth and SG&A increase - Management indicated that there are opportunities for structure and process optimization, which should help in realizing operational leverage next year [21][22] Question: Impact of BetCity migration - The migration is expected to occur in the first half of the year, with minimal impact on earnings due to mitigation strategies [24] Question: Growth drivers in U.S. and Brazil - The company is focused on increasing market share and revenue from margin-accretive products in Brazil, leveraging existing relationships [28] Question: Balance sheet optimization - Management expressed satisfaction with the new credit facility and indicated ongoing efforts to optimize cost structures for improved liquidity [31] Question: Consistency in operating income - The company highlighted significant development costs and amortization affecting operating income, but is focused on improving cash generation from operations [36]

Financial Performance - Bragg achieved a 2% year-over-year increase in Adjusted EBITDA in Q3 2025[15] - The company experienced a 5% year-over-year increase in Gross Profit in Q3 2025[15] - Bragg's revenue increased by 9% year-over-year in Q3 2025[15] - Gross Profit Margin % increased by 115 basis points year-over-year in Q3 2025[15] - Q3 2025 Adjusted EBITDA was EUR 4449 thousand, compared to EUR 4083 thousand in Q3 2024[44] Revenue Growth and Diversification - U S and Brazil focus markets saw revenue growth of 86% and 80% respectively[12, 41] - Proprietary content revenue increased by 35% year-over-year, driven by U S growth[12, 30, 41] - Non-Netherlands revenue is projected to increase to 68% of all revenue in FY 2025, up from 51% in 2022[34, 36] Product Mix and Strategy - Proprietary content accounted for 15 7% of total revenue in Q3 2025, up from 11 9% in Q3 2024[24] - PAM & Turnkey revenue was EUR 4 7 million and represented 17 7% of total revenue in 3Q25[24] - Aggregated content revenue was 52 2% of 3Q25 revenue[24]

Group 1 - Bragg Gaming Group Inc. is considered one of the best long-term penny stocks with significant upside potential [1][2] - Citizens JMP downgraded Bragg Gaming to Market Perform from Outperform, citing a 0.5x discount to peers due to uncertainties related to the loss of a high-value customer (BetCity) and tax changes [1][2] - The loss of BetCity is expected to have a material impact on revenue and a minor effect on EBITDA, although the timing of this impact is uncertain [2] Group 2 - Citizens JMP views Bragg Gaming as fairly valued at current levels, with a previous Buy rating and a price target of $4.00 set on September 19 [2] - The company operates as an iGaming content and technology solutions provider, serving both online and land-based gaming operators with proprietary and exclusive content [3]

Core Insights - Brag House is engaging in strategic discussions with New to The Street, a rapidly growing financial media brand with over 3.5 million YouTube subscribers and national broadcasts on Fox Business and Bloomberg [1][5] - This collaboration marks a significant opportunity for Brag House as it prepares to film segments on the New York Stock Exchange, set to air on Bloomberg on October 4 at 6:30 PM EST [2] - The partnership aims to enhance brand awareness and credibility for Brag House, focusing on connecting brands and colleges with Gen Z audiences through innovative engagement in gaming and college sports [3] Company Overview - Brag House is a media technology platform that transforms casual college gaming into a community-driven experience, merging gaming, social interaction, and technology to engage Gen Z [4] - The company aims to provide an inclusive environment for casual gamers while enabling brands to connect authentically with the influential Gen Z demographic [4] New to The Street Overview - New to The Street has been a long-standing U.S. and international television brand since 2009, known for its sponsored programming on Fox Business and Bloomberg [5] - The brand has a significant online presence with over 3.5 million YouTube subscribers and utilizes Times Square billboards for promotion, delivering segments that help companies communicate their stories to investors [5]

Group 1 - Bragg Gaming Group Inc. (NASDAQ:BRAG) is considered one of the fundamentally strong penny stocks to buy currently, despite a reduction in FY2025 EPS guidance from a loss of $0.08 to $0.23, with a consensus estimate of ($0.14) per share for full-year earnings [1][2] - The company's business model is highlighted as a key strength, enabling potential expansion in the US and other markets at a low incremental cost, which is often overlooked in the current bearish market sentiment [2] - Bragg Gaming Group Inc. is expected to achieve double-digit revenue growth and solid margins in the coming years, driven by advancements in proprietary content, as stated by CEO Matevz Mazij [3] Group 2 - The company operates as a Canadian iGaming content and technology solutions provider, offering services to both online and land-based gaming operators, with core products including games, studios, proprietary content, and sportsbook technology [3]