TORONTO--(BUSINESS WIRE)--Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) ("Bragg†or the "Company†), a global iGaming content and technology supplier is proud to announce it has successfully gone live with its proprietary and exclusive content on the Blaze platform in Brazil. The launch includes all Bragg certified content in Brazil, comprising approximately 80 games, featuring regional favorites such as Electric Jungle and Mighty Mountain. About Bragg Gaming Group Bragg Gaming Group (NASDAQ: BRAG, TSX: BR ...

Matevz Mazij, Chief Executive Officer at Bragg Gaming Group, commented: "Our extended agreement with 711 Group to power their launch in the regulated Belgian market is a direct testament to the quality and reliability of our products and our turnkey capabilities. We pride ourselves on offering a flexible, regulatory- compliant platform that allows valued clients like 711 to seamlessly scale their operations across new jurisdictions. Belgium is a key strategic regulated market for Bragg, and we are excited t ...

Bragg Gaming Group Inc. (NASDAQ:BRAG) is one of the Canadian penny stocks to buy right now. On November 21, Maxim Group analyst Jack Vander Aarde reiterated a Buy rating on Bragg Gaming Group Inc. (NASDAQ:BRAG) and set a price target of $8.00. Bragg Gaming Group Inc. (BRAG) Delivers Mixed Q3 Results Amid Key Milestones Photo by ella-don-ZARLJPBTozQ-unsplash Earlier on November 13, the company delivered solid third-quarter results characterized by modest revenue growth and significant progress in high-ma ...

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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]

Core Insights - Bragg Gaming Group has secured a new financing agreement with the Bank of Montreal, providing credit facilities of up to US$6.0 million to support working capital and corporate needs [1][2][3] - The new credit facilities replace prior promissory note indebtedness, marking a strategic shift in the company's financial strategy [2][3] - The company aims to strengthen its financial foundation and accelerate shareholder value creation through this new partnership [7][10] Financial Details - The BMO Facilities are secured by a first-ranking security interest over all company assets and are repayable upon demand or after one year unless extended [3][4] - The expected borrowing costs for the BMO Facilities range from 6.9% to 7.9% for Prime-based loans and 5.9% to 6.9% for CORRA-based loans, with standby fees on unused portions between 0.75% and 1.75% per annum [5][6] - Management anticipates that the annualized borrowing costs will be less than half of the previous note debt [6] Strategic Focus - The company is prioritizing margin and cash generation over lower-margin revenue, with a target of achieving a 20% Adjusted EBITDA margin by the second half of 2025 [7] - Recent leadership additions in AI and innovation, along with partnerships with operators like Fanatics and Hard Rock Digital, are expected to drive growth opportunities [8] - The company has realized EUR 2 million in annualized synergies and is focused on sustainable, margin-accretive growth [7][9] Cybersecurity Update - Bragg Gaming Group has resolved a cybersecurity incident detected on August 16, 2025, with no indication of personal information being affected [11][12] - The company has assured customers regarding the security of its game titles and reported no negative impact on revenue or profitability from the incident [12][22] - Knowledge gained from the incident has been applied to enhance cybersecurity defenses [13]