Bragg Gaming Group Surpasses Expectations in Q4 2025 with Double-Digit Growth in Key Markets
TORONTO, ON - Bragg Gaming Group, a specialist supplier of games and technology to the regulated iGaming market, reported strong quarterly results for Q4 2025, exceeding expectations in key growth markets. In its recent conference call, CEO Matevž Mazij highlighted the company's achievements, demonstrating its commitment to delivering cutting-edge online casino games and empowering operators to succeed in the competitive iGaming industry.
During the quarter, Bragg witnessed double-digit revenue growth in the USA, with a staggering 55% year-over-year increase. This impressive performance was attributed to the company's strategic focus on high-margin proprietary casino content, which has proven highly successful in the US market. Additionally, Brazil saw revenue growth of 42.1% compared to the same period last year, further solidifying Bragg's position as a leading player in this burgeoning market.
The company's expansion into new markets was also noteworthy, with the launch of exclusive and bespoke online casino content with Caesars Entertainment in West Virginia. This strategic partnership underscores Bragg's ability to adapt and innovate, capitalizing on emerging opportunities in regulated iGaming jurisdictions.
Matevž Mazij emphasized the importance of optimizing Bragg's cost structure, which has allowed the company to deliver operational leverage. CFO Robbie Bressler provided further detail on the company's financials, stating that revenue was EUR 27.7 million, up 1.9% year-over-year. Excluding the Netherlands, revenue grew 5.1%, underscoring continued execution of Bragg's diversification strategy and the strength of its high-growth markets.
The Netherlands, however, remains impacted by regulatory changes, with revenue down 4.6% year-over-year. This region now represents a smaller share of total revenue as Bragg's business outside the Netherlands accelerates, driven by North America and Brazil, which together accounted for 26% of total revenue, up 13% from a year ago.
Robbie Bressler noted that the quarter reflects clear progress towards Bragg's goal of building high-margin, more diversified business. The company's focus on delivering cutting-edge online casino games and empowering operators to succeed in the competitive iGaming industry has clearly paid off, with double-digit revenue growth in key markets and a continued expansion into new territories.
As Bragg continues to navigate the evolving landscape of regulated iGaming, its commitment to innovation, adaptability, and operational efficiency will undoubtedly serve as a catalyst for future growth and success. With its strong track record and impressive quarterly results, Bragg Gaming Group remains an exciting player in the industry, poised to capitalize on emerging opportunities and solidify its position as a leading supplier of games and technology to the regulated iGaming market.
