Bragg Gaming Group Reports Second Quarter 2026 Financial Results

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Bragg Gaming Group Reports Second Quarter 2026 Financial Results

TORONTO, August 13, 2026–(BUSINESS WIRE)–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 second quarter of 2026.

Second Quarter 2026 Financial Highlights

• Revenue: Total quarterly revenue of EUR 22.9m (USD 26.1m)1 in the second quarter, a decrease of 12% from EUR 26.1m (USD 30.6m) in the second quarter of 2025:

  • The Netherlands revenue declined 14% year-over-year, reflecting the anticipated roll-off of legacy platform contracts following customer migrations;

  • Revenue from proprietary content deployed in Canada and the United States grew 44% year-over-year, and 25% from 1Q26; and

  • Brazil revenue was flat compared to the second quarter of 2025, as certain operators moved to direct supplier integrations.

• Operating Loss, Net Loss and Adjusted EBITDA2

  • Operating loss for the second quarter was EUR 1.9m (USD 2.2m), a EUR 0.4m (USD 0.5m) improvement from an operating loss of EUR 2.3m (USD 2.7m) in the same period of 2025, as reduced operating expenses more than offset the impact of lower revenue on gross profit;

  • Net loss for the second quarter was EUR 2.9m (USD 3.3m), or EUR 0.11 (USD 0.13) per common share, compared to EUR 1.8m (USD 2.1m), or EUR 0.07 (USD 0.08) per common share, in the same period of 2025; and

  • Adjusted EBITDA was EUR 3.5m (USD 4.0m), flat compared to the second quarter of 2025, representing an Adjusted EBITDA Margin3 of 15% compared to 13% in the second quarter of 2025. Adjusted EBITDA remained broadly flat despite lower revenue, resulting in a 212-basis-point expansion in margin. This was driven by compensation savings from headcount reductions implemented since the beginning of the fiscal year and a favorable period-over-period change in bad debt provisions.

Second Quarter 2026 and Recent Business Highlights

• Expanded Operator Relationships in Europe:Signed a definitive agreement with leading Belgian operator 711 to power its new online sportsbook, integrating Kambi’s Turnkey Sportsbook and bragg’s Fuze™ engagement toolset, and supported Super Technologies’ entry into the regulated Greek market through its Superbet brand with RGS games and HUB aggregation.

• Announced Further Restructuring:On July 9, 2026, announced a further reduction of approximately 19% in its global workforce, expected to deliver approximately EUR 6.0m (USD 6.8m) in incremental annualized cash savings and bringing total expected annualized savings to approximately EUR 10.5m (USD 12.0m) together with the restructuring announced on January 8, 2026.

• Entered the Alberta Market:On July 13, 2026, subsequent to quarter end, went live in the newly regulated Alberta igaming market at market opening, with multiple operators. More than 80 bragg titles are available to players in the province.

• Completed the Acquisition of Drayton International:On July 22, 2026, subsequent to quarter end, completed the acquisition of Drayton International (“Drayton”), a diversified gaming technology and content platform, for USD 9.0m satisfied entirely in shares.

• Appointed Matt Davey as Non-Executive Chairman:Matt Davey, Founder and Chairman of Tekkorp Capital and previously the builder of NYX Gaming Group, became Non-Executive Chairman on closing of the Drayton transaction and holds approximately 10% of bragg’s outstanding shares.

• Completed Private Placement and Renewed Revolving Credit Facility:All 751,445 subscription receipts issued at USD 1.73 converted into common shares and warrants on closing of the Drayton transaction, releasing approximately EUR 1.1m (USD 1.3m) of escrowed funds. Subscribers included bragg’s Chief Financial Officer, Chief Operating Officer, director Thomas Winter and Non-Executive Chairman Matt Davey. The Company also renewed its revolving credit facility with a Tier One Canadian financial institution for a further year on terms consistent with the existing arrangement.