Bragg Gaming Group has released its financial results for Q1 2020. Bragg reported revenue growth and Adjusted EBITDA growth for the period.
The Group achieved a revenue of €8.8m during Q1 2020, representing a 44% growth year-on-year as compared to €6.1m in Q1 2019. The Group’s Adjusted EBITDA was €0.8m, representing 100% growth over Q1 of 2019.
Continued focus on revenue diversification contributed to Bragg’s robust results, including the signing of new agreements with nine leading industry companies, including Gamesys Group, SkillOnNet, Leon, CasinoSecret, and Hub88. The Company is also in advanced discussions with an additional 20 potential new customers in licensed jurisdictions in Europe and Latin America.
“We’re very pleased that we’ve been able to build on the strong trajectory that we achieved in 2019. We’ve continued to emphasize revenue diversification and have delivered strong growth across our operators, with the introduction of new features and functionality on our platforms. We have continually improved our content pipeline and have signed multiple new customers globally,” Dominic Mansour, CEO of Bragg, said.
“We’ve also focused on expanding our presence in the burgeoning U.S. gaming market. We established a foothold there last year with our Kambi and Seneca partnership and are now evaluating opportunities to expand further,” Dominic Mansour added.