Bragg Gaming Group shares surge 11.78% intraday after reporting strong Q3 revenue growth, U.S./Brazil expansion, and $6M financing agreement.

Bragg Gaming Group surged 11.78% intraday after reporting strong third-quarter 2025 results, including €26.8 million in revenue and a 9% rise in adjusted EBITDA to €4.45 million. The company highlighted a 35% increase in proprietary content revenue, strategic U.S. market expansion through partnerships like Fanatics Casino in New Jersey, Michigan, and Pennsylvania, and a new $6 million financing agreement with BMO Bank that reduced borrowing costs and strengthened its balance sheet. Leadership additions, including an EVP of AI and Innovation, and cost-cutting measures targeting a 20% adjusted EBITDA margin by late 2025 further reinforced optimism. The CEO emphasized growth in high-margin markets like the U.S. (86% YoY) and Brazil (80% YoY), reiterating full-year 2025 revenue guidance of €106–108.5 million. The stock’s sharp rise aligned with the earnings beat, operational efficiency gains, and aggressive expansion into regulated markets, positioning Bragg for long-term shareholder value.