Bragg Gaming Group has reported strong results across the board in its Q3 2025 performance update, with the company seeing all core metrics in an upswing, with just a few setbacks in isolated markets.
Strong results from the US and Brazil underpin Bragg’s ongoing growth
The company’s revenue growth continued in the reported period, with the company registering total revenue of €26.8m. This amounted to a 20% year-over-year gain from Q3 2024, excluding the Netherlands, as the sole underperforming market where revenue shrank by 22% year-over-year.
Bragg Gaming Group attributed this to a more difficult regulatory and tax environment in the jurisdiction.
Other than that, the group had strong results to report across the board, all the same. In Brazil, revenue had jumped 80% year-over-year, and the United States was similarly resurgent, with revenue growing by 86% on the same annual basis.
Commenting on these results, Matevž Mazij, Chief Executive Officerat Bragg Gaming Group, said:
"Our revenue growth was driven by exceptional performance in key strategic markets, with the United States and Brazil up 86% and 80%, respectively, highlighting our increasing scale in these high-potential regions. Excluding the Netherlands, where temporary regulatory impacts continue to normalize, Bragg achieved approximately 20% growth across the rest of its markets."
Among the key achievements during the quarter, Bragg Gaming Group hailed the launch with Fanatics Casino in New Jersey, Michigan, and Pennsylvania, all of which have contributed to the company’s expansion in the iGaming sector in the United States.
The company also saw the appointment of several prominent figures, including Luka Pataky, as EVP of AI and Innovation, and Matej Filipančič to the role of Global Sales Director, and took immediate action to address the aftermath of a cybersecurity accident that had affected the firm in August.
Bragg Gaming Group focused on maintaining the pace of expansion
Besides the United States, Bragg Gaming Group pursued multiple global content launches, notably with Napoleon in Romania, Betsson in Brazil and Spain, BetMGM in Brazil, bet365 in Mexico, theScore in Ontario, and more.
Bragg Gaming Group also entered a $6m financing agreement with the Bank of Montreal, which replaced its prior debt " at less than half the borrowing cost" and improved its balance sheet, as the company navigates towards a higher-margin, cash-generating operation.
