Bragg Gaming Group Reports Third Quarter 2026 Financial Results
Business Wire•13/11/2026•08:00 ET
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Key Highlights
- ➤Q3 revenue EUR 20.6m, down 23% year-over-year
- ➤Adjusted EBITDA EUR 3.0m, down 33%, with 15% margin
- ➤Drayton acquired for USD 9.0m entirely in shares
- ➤Brazil suspended licensed online betting and casino gaming effective October 6
- ➤Morten Tonnesen became interim CEO after Matevž Mazij became Strategic Advisor
Expert Statements
Morten Tonnesen, Interim Chief Executive Officer of bragg
“The year-over-year revenue decline is concentrated in two things we have been signaling for some time, the customer migrations off our Dutch platform and the move by third-party providers in Brazil to direct integrations with operators. Where we are investing, the direction is the right one. Revenue from our proprietary content deployed in Canada and the United States grew 7% in the quarter and 21% over the nine months. That shift toward our own content, alongside lower aggregated content volumes, is reflected in a gross margin of 56%.”
Morten Tonnesen, Interim Chief Executive Officer of bragg
“Our cost reductions have not yet caught up with the revenue we have lost, and closing that gap is the immediate priority. My focus is disciplined execution: bringing investment spend and operating cash generation into better balance, concentrating capacity on proprietary content, and delivering for our operator partners.”
Bragg Gaming Group Reports Third Quarter 2026 Financial Results
Bragg Gaming Group (NASDAQ: BRAG; TSX: BRAG) (“bragg” or the “Company”), a leading igaming content and platform technology solutions provider, today announced its financial results for the third quarter of 2026.
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