How did Bragg Gaming Group's revenue and expenses trend in Q4 2024?
5/8/2025 05:32am
Bragg Gaming Group's revenue and expenses in Q4 2024 are not currently available. However, the company's Q3 2024 financial results provide insights into its revenue growth and expense trends.
1. **Revenue Growth**: Bragg Gaming Group reported a record revenue for Q3 2024, reaching €26.2 million, which is a 16% increase year-on-year. This growth was primarily driven by a strong performance in its proprietary online content segment, especially in the US market, which saw a 40% increase year-over-year.
2. **Net Loss Reduction**: The company reported a net loss of €165,000 for Q3 2024, which is a significant improvement as it narrowed by 94% from the previous year's net loss. The loss per share improved from €0.13 to €0.007.
3. **Gross Profit Increase**: Gross profit for the quarter increased by 18% to €14.0 million. This indicates a strong operational efficiency and market demand for Bragg's products.
4. **EBITDA Growth**: Adjusted EBITDA grew by 7% to €4.1 million. This suggests that the company is generating more cash from its operations, which is a positive sign for its financial health and ability to invest in growth opportunities.
5. **Expense Management**: Although specific expense details for Q4 2024 are not available, the company's strategic review process concluded with the Board determining that ongoing execution of Bragg's strategy is the best path to maximize shareholder value. This implies that the company's expense management is in line with its strategic objectives and is focused on sustaining growth.
In conclusion, Bragg Gaming Group demonstrated robust revenue growth and improved profitability in Q3 2024, which is a positive indicator of its financial performance and strategic direction. While specific Q4 2024 figures are not available, the company's continued success in growing its proprietary content and expanding into new markets suggests a favorable trend in revenue and expense management.