Bragg Gaming Group (NASDAQ:BRAG) Posts Earnings Results, Hits Estimates

Bragg Gaming Group (NASDAQ:BRAG) announced its earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13), Zacks reports. Bragg Gaming Group had a negative net margin of 6.27% and a negative return on equity of 10.65%.

Here are the key takeaways from Bragg Gaming Group’s conference call:

• Negative Sentiment: Bragg withdrew its 2026 guidance after indicating standalone revenue was tracking below the prior range, citing weakness in Brazil, European regulatory changes, and softer activity at Wild Streak Gaming.
• Positive Sentiment: Cost reductions helped keep adjusted EBITDA flat at €3.5 million despite a 12% year-over-year revenue decline to €22.9 million, expanding the adjusted EBITDA margin to 15.4% from 13.3%.
• Positive Sentiment: Proprietary content revenue in the U.S. and Canada grew 44% year over year, supported by increased distribution and content volume; management said this is the company’s highest-margin product area.
• Neutral Sentiment: Bragg completed its $9 million, all-share acquisition of Drayton International, adding advanced deposit wagering access, more than 100 proprietary game titles, stakes in five studios, and additional technology platforms. Integration remains at an early stage, leaving the timing and scale of potential synergies uncertain.
• Positive Sentiment: The company expects its restructuring actions to generate approximately €10.5 million in annualized cash savings in total, with benefits expected to become more visible from the fourth quarter and into 2027.

Bragg Gaming Group Stock Down 17.3%

NASDAQ:BRAG traded down $0.31 during trading hours on Thursday, reaching $1.48. 77,609 shares of the company’s stock were exchanged, compared to its average volume of 35,634. The company has a market capitalization of $45.13 million, a P/E ratio of -4.78 and a beta of 0.97. The business’s 50-day simple moving average is $1.70 and its two-hundred day simple moving average is $1.80. Bragg Gaming Group has a 12 month low of $1.42 and a 12 month high of $3.30.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BRAG shares. Weiss Ratings upgraded Bragg Gaming Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. Zacks Research raised shares of Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 29th. Finally, Maxim Group reduced their price objective on Bragg Gaming Group to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.33.

Institutional Trading of Bragg Gaming Group

A hedge fund recently raised its stake in Bragg Gaming Group stock. Goldman Sachs Group Inc. lifted its holdings in shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) by 40.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,263 shares of the company’s stock after purchasing an additional 20,633 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.29% of Bragg Gaming Group worth $297,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.04% of the company’s stock.

Bragg Gaming Group Company Profile

Bragg Gaming Group is a business-to-business supplier of online gaming content, technology and platform solutions. The company develops and distributes a mix of proprietary, third-party and licensed casino games, including video slots, table games and live dealer experiences. Its core offering centers on a scalable gaming platform designed to support operator integration, player management and advanced analytics.

Bragg’s technology stack features its flagship ORYX Gaming platform, which provides a centralized hub for game aggregation, platform services and regulatory compliance tools.