Bragg Gaming Group (NASDAQ:BRAG) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Bragg Gaming Group (NASDAQ:BRAG) posted its earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.03, Zacks reports. Bragg Gaming Group had a negative net margin of 7.59% and a negative return on equity of 12.52%. The firm had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.00 million.

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

• Bragg reported Q1 2026 revenue of EUR 25.7 million, up 0.6% year over year, with adjusted EBITDA of EUR 4.0 million and a 15.7% margin.
• Profitability improved meaningfully, with operating loss narrowing 18% to EUR 1.4 million and net loss improving 55% to EUR 1.2 million, or EUR 0.05 per share.
• The company affirmed full-year 2026 guidance for revenue of EUR 97 million to EUR 104.5 million and adjusted EBITDA of EUR 60 million to EUR 19 million, excluding the planned Drayton transaction.
• Bragg said the planned Drayton transaction is a major strategic step that should expand its proprietary content portfolio by more than 100 titles and strengthen its margin profile.
• Management emphasized that Drayton could significantly broaden Bragg’s U.S. opportunity through ADW distribution in 30+ states, while also bringing additional AI capabilities, distribution infrastructure, and new leadership in Matt Davey.

Bragg Gaming Group Stock Performance

Bragg Gaming Group stock traded down $0.07 during trading on Friday, reaching $1.75. The company had a trading volume of 117,227 shares, compared to its average volume of 32,822. The firm has a market capitalization of $43.69 million, a PE ratio of -4.72 and a beta of 0.98. The firm’s 50-day simple moving average is $1.86 and its 200 day simple moving average is $2.03. Bragg Gaming Group has a 1-year low of $1.46 and a 1-year high of $4.82.

Analyst Ratings Changes

A number of research firms have weighed in on BRAG. Weiss Ratings raised shares of Bragg Gaming Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. Zacks Research upgraded Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 29th. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $5.00.

Institutional Trading of Bragg Gaming Group

An institutional investor recently raised its position in Bragg Gaming Group stock. Jane Street Group LLC lifted its stake in shares of Bragg Gaming Group Inc. (NASDAQ:BRAG) by 43.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,009 shares of the company’s stock after purchasing an additional 6,072 shares during the period. Jane Street Group LLC owned about 0.08% of Bragg Gaming Group worth $42,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 4.04% of the company’s stock.

About Bragg Gaming Group

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.