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Bragg Gaming Group Inc. (BRAG) Delivers Mixed Q3 Results Amid Key Milestones
Yahoo Finance· 2025-11-25 13:16
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].