Bragg Gaming Group Inc (TSX:BRAG)
C$ 5.82 -0.080 (-1.36%) Market Cap: 145.90 Mil Enterprise Value: 144.02 Mil PE Ratio: 0 PB Ratio: 1.34 GF Score: 61/100
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Q1 2025 Bragg Gaming Group Inc Earnings Call Transcript

May 15, 2025 / 12:30 PM GMT
Release Date Price: C$6.43 (+2.88%)

Key Points

Positve
  • Bragg Gaming Group Inc (BRAG) reported a 7.1% revenue growth in Q1 2025 compared to the same quarter last year, with a robust 27% growth excluding the Netherlands.
  • The company demonstrated operational leverage and improved its product mix, leading to increased cash generation in Q1 2025.
  • Bragg Gaming Group Inc (BRAG) saw triple-digit growth in US GGR derived from its proprietary content, highlighting strong performance in the expanding US online casino market.
  • The company launched its content in the newly regulated Brazilian iGaming market, expecting 10% of its revenue this year to come from the Latin American region.
  • Bragg Gaming Group Inc (BRAG) repaid $5 million of its $7 million secured credit note, while securing a new credit facility with improved terms to enhance financial flexibility.
Negative
  • The Netherlands market has slowed due to regulatory pressures, resulting in a 19% decrease in revenue from this region compared to Q1 2024.
  • Bragg Gaming Group Inc (BRAG) faces challenges in the Netherlands due to regulatory changes such as deposit limits and increased gaming taxes.
  • The company's overall top-line performance in Q1 2025 trails its Q4 run rate, consistent with seasonal patterns in the iCasino market.
  • There is uncertainty regarding Bet City's potential migration to a proprietary tech stack, which could impact Bragg Gaming Group Inc (BRAG)'s revenue.
  • The company is exposed to legislative risks in new markets, such as Ohio, where the timeline for iCasino legalization remains uncertain.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BRAG.TO - Bragg Gaming Group Inc
Q1 2025 Bragg Gaming Group Inc Earnings Call
May 15, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone. My name is Eric, and thank you for joining the first quarter 2025 earnings conference call for Brad Game and Group.

I'll shortly hand the call over to Bragg Gaming Group CEO Matteo Mazzi, who will comment on Bragg's first quarter 2025 performance, and Bragg's CFO, Robbie Bressler, will review and discuss the company's first quarter, 2025 financial results.

I would like to remind you, if you have not already done so that you can review Bragg's results presentation on the company's investor website at investors.brag.group. That's investors plural with an S. Then go to the events and presentations section.

On this call, there will be a review of Bragg's financial and operating
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