{"id":45,"date":"2024-06-12T05:59:02","date_gmt":"2024-06-12T02:59:02","guid":{"rendered":"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/12\/bragg-gaming-group-reports-strong-q3-2022-results-with-62-revenue-growth\/"},"modified":"2024-06-13T11:55:59","modified_gmt":"2024-06-13T08:55:59","slug":"bragg-gaming-group-reports-strong-q3-2022-results-with-62-revenue-growth","status":"publish","type":"post","link":"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/12\/bragg-gaming-group-reports-strong-q3-2022-results-with-62-revenue-growth\/","title":{"rendered":"Bragg Gaming Group Reports Strong Q3 2022 Results with 62% Revenue Growth"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/PDTxVoLrYVk\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Bragg Gaming Group witnessed a substantial 62% revenue leap in the third quarter of 2022, hitting \u20ac20.9 million (roughly $21.2 million). This notable upswing stems from a calculated move towards all-encompassing client management solutions and proprietary content, evident in a considerable rise in overall wagers made by Bragg&#8217;s clientele, skyrocketing from \u20ac3.2 billion in Q3 2021 to \u20ac4.6 billion this year.<\/p>\n<p>This strategic pivot has not only propelled revenue expansion but also significantly enhanced Bragg&#8217;s profitability. The quarter&#8217;s gross profit experienced an impressive 58% climb to \u20ac10.4 million, yielding a robust gross margin of 50%. Although the company did post a net loss of \u20ac2 million for the quarter, this signifies a marked betterment compared to the \u20ac2.5 million loss documented in the corresponding period last year. Adjusted EBITDA exhibited strong results, reaching \u20ac2.2 million, representing a 52% year-on-year increase and reflecting a healthy adjusted EBITDA margin of 10.7%.<\/p>\n<p>Bragg&#8217;s financial standing remains solid, with cash and cash equivalents amounting to \u20ac17.2 million as of September 30, 2022. This sum encompasses a sizable \u20ac8.3 million net income from a convertible bond issuance successfully finalized in September.<\/p>\n<p>Yaniv Sherman, Bragg&#8217;s Chief Executive Officer, conveyed his contentment with the company&#8217;s achievements, remarking, &#8220;Our exceptional third-quarter outcomes, with substantial year-over-year gains in revenue, gross profit, and Adjusted EBITDA, underscore the strides we have taken in executing our strategic objectives centered on delivering premium content and services to an expanding global network of regulated iGaming patrons, including those in North America.&#8221; <\/p>\n<p>Were achieving significant progress on our strategic roadmap. This encompasses crafting compelling fresh content, securing exclusive distribution agreements for sought-after third-party games, and broadening our presence into untapped markets and consumer segments.  Our venture into the Netherlands serves as a prime illustration \u2013 we&#8217;ve forged partnerships with numerous operators there and have swiftly ascended to a prominent position within the market.<\/p>\n<p>Furthermore, we&#8217;ve embraced Wild Streak Gaming and Spin Games into the Bragg fold via acquisitions, established a duo of new internal game development studios, and implemented a series of strategic refinements to maximize our operational efficiency as we solidify Bragg&#8217;s standing as a global gaming force. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bragg Gaming Group witnessed a substantial 62% revenue leap in the third quarter of 2022, hitting \u20ac20.9 million (roughly $21.2 million). This notable upswing stems from a calculated move towards all-encompassing client management solutions and proprietary content, evident in a considerable rise in overall wagers made by Bragg&#8217;s clientele, skyrocketing from \u20ac3.2 billion in Q3 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bragg Gaming Soars: Revenue Skyrockets 62% in Q3 2022<\/title>\n<meta name=\"description\" content=\"Bragg Gaming Group reports a massive 62% revenue surge in Q3, reaching \u20ac20.9 million! 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This impressive growth is fueled by a strategic shift towards client management solutions and proprietary content, resulting in a significant increase in wagers.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/12\/bragg-gaming-group-reports-strong-q3-2022-results-with-62-revenue-growth\/\" \/>\n<meta property=\"og:site_name\" content=\"Ultimate Online Casino Experience | Licensed, Secure &amp; Thrilling\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T02:59:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-13T08:55:59+00:00\" \/>\n<meta name=\"author\" content=\"Olivia &quot;Clover&quot; Davis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Olivia &quot;Clover&quot; Davis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/12\/bragg-gaming-group-reports-strong-q3-2022-results-with-62-revenue-growth\/\",\"url\":\"https:\/\/islandreelsnodepositbonus.icu\/2024\/06\/12\/bragg-gaming-group-reports-strong-q3-2022-results-with-62-revenue-growth\/\",\"name\":\"Bragg Gaming Soars: Revenue Skyrockets 62% in Q3 2022\",\"isPartOf\":{\"@id\":\"https:\/\/islandreelsnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-12T02:59:02+00:00\",\"dateModified\":\"2024-06-13T08:55:59+00:00\",\"author\":{\"@id\":\"https:\/\/islandreelsnodepositbonus.icu\/#\/schema\/person\/0629d8597fd8c275c67d24f12000c985\"},\"description\":\"Bragg Gaming Group reports a massive 62% revenue surge in Q3, reaching \u20ac20.9 million! 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