
Bragg Gaming has shared its expectations for full-year 2024 results, anticipating growth. The company also aims for further expansion in 2025.
Bragg Gaming expects 2024 revenue to reach at least €102m ($106.25m), a 9% YoY increase, with adjusted EBITDA rising 1% to at least €15.4m. Looking ahead to 2025, the company projects revenue between €117.5m and €123m, reflecting double-digit growth, while adjusted EBITDA is forecasted at €19m to €21.5m. These projections are based on market expansion, exclusive partnerships, stability in its PAM business, and an enhanced technology profile, with Brazil cited as a key growth area. Following the announcement, Bragg Gaming’s share price rose 12.3%, reaching $4.75.
Matevž Mazij, the CEO of Bragg Gaming, mentioned:
I am pleased with where we believe 2024 results will land and very excited about the strong growth trajectory outlined in our 2025 guidance. Our strategic investments in proprietary and exclusive content as well as various Data, Player journey and AI enhanced engagement features, are expected to drive our growth in 2025. By focusing on margin-accretive products, we are well-positioned to boost both revenue and profitability while pursuing opportunities in key markets such as Brazil and the United States.
Our PAM product remains a top-tier performer, and while our 2025 growth will largely come from the content side of the business, we have exciting prospects to expand our PAM offering. Additionally, I’m particularly proud of the strong executive team that we have assembled at Bragg this past year. The recently announced Caesars deal highlights their impressive capabilities.