Bragg Gaming Group flourished in the third quarter of 2022, witnessing a remarkable 62% revenue surge compared to the corresponding period the previous year. This accomplishment stemmed from a calculated pivot towards offering comprehensive solutions and proprietary content to their partners, resulting in heightened player activity. Their overall wagers reached an impressive €4.6 billion, demonstrating the potency of their revised strategy. Consequently, their gross profit significantly increased, hitting €10.4 million with a robust 50% margin. Although they did experience a net loss, it was considerably reduced from the prior year, signaling positive forward movement. Bragg’s Chief Executive Officer, Yaniv Sherman, conveyed substantial confidence in their trajectory, emphasizing their dedication to providing premium content and offerings to the continuously growing worldwide iGaming sector, especially within the North American region.
Were achieving significant progress on our key goals. The company is generating more original content, securing sole distribution agreements for sought-after games, and broadening our presence to reach fresh consumers and territories, such as in the Netherlands where we’ve launched successfully and become a dominant force.
Additionally, we’ve incorporated Wild Streak Gaming and Spin Games into our portfolio, established two new internal game development studios entirely from scratch, and enhanced efficiency in other areas of the company. These efforts all contribute to establishing Bragg as a genuinely international gaming leader.”
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