{"id":225574,"date":"2022-08-09T10:57:33","date_gmt":"2022-08-09T15:57:33","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=225574"},"modified":"2022-08-09T13:14:36","modified_gmt":"2022-08-09T18:14:36","slug":"bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/","title":{"rendered":"Bragg Gaming Reports Solid Q2 Revenue, Continuing Success from Q1"},"content":{"rendered":"

B2B gaming technology company Bragg Gaming<\/a> is having a good year. It reported a strong first quarter, and following the release of its latest financial health report, saw another significant improvement in the second quarter.<\/p>\n

\"Bragg
Bragg Gaming representatives participating in the iGaming Next expo in New York City in May. The gaming company has provided its latest financials, showing strong results for Q2. (Image: Bragg Gaming)<\/figcaption><\/figure>\n

Gross profit for the company increased by 65.5% in the quarter, reaching $11.9 million. Its gross profit margin also jumped, gaining 1,060 base points from Q2 last year. Compared to Q1, it\u2019s also a 55.9% increase.<\/p>\n

In Q2 of last year, its revenue was $15.84 million, but jumped to $21.25 million in the most recent quarter. That marks a 34.2% year-on-year change.<\/strong><\/p>\n

The improvement comes from introducing new proprietary games and market expansion in Europe and North America. As a result, for the second time this year, it has raised its full-year guidance<\/a> for 2022.<\/p>\n

The 2021 Rebound<\/h2>\n

Bragg’s wagering revenue also saw a huge jump. For the period last year, it recorded revenue of $3.88 billion. Now, however, this increased to $4.29 billion.<\/p>\n

Net income improved as well, but still needs a boost. A reduction in the cost of sales activity allowed Bragg to record a positive income of $100,000. A year ago, it took a $2.4-million hit.<\/p>\n

At the end of the most recent quarter, the company was holding cash and cash equivalents at $11.3 million. This considers the $9.2 million it spent on acquiring Spin Games. Bragg announced that purchase a year ago and finalized it during Q2 of this year. \u00a0<\/strong><\/p>\n

New content is on its way that should continue to solidify the company\u2019s position in the market. Bragg has stated that it will introduce around 22 proprietary games this year, 120% more than last year.<\/p>\n

In addition to the proprietary content, Bragg has in place several agreements for exclusive distribution of games from third-party studios. It asserts this will lead to a \u201chigher level of desirable real estate allocation\u201d on several iGaming platforms.<\/p>\n

The North American market will remain a focal point of the company\u2019s operations. Bragg expects to dedicate several resources to the market as it continues to expand, leveraging its position in both the online and land-based gaming sectors.<\/p>\n

Sherman Enters at the Right Time<\/h2>\n

Now leading Bragg, only since June, is Yaniv Sherman, a former 888 Holdings executive and its head of US operations. With him at the helm, the company expects to continue to strengthen its position. It\u2019s already on track, raising its 2022 full-year outlook considerably.<\/p>\n

The North American iGaming market continues to grow. We expect to leverage our expertise and differentiated product and technology advantages to drive consistent growth with leading operators in these markets. This includes content localization and customization that addresses popular online and land-based themes,\u201d<\/strong> said Sherman.<\/p><\/blockquote>\n

Before the latest results, Bragg anticipated revenue of between $70 million and $74 million for the year. However, it pushed the guidance to $78 million to $82 million. It raised its adjusted EBITDA (earnings before interest, tax, depreciation and amortization), as well. This went from $9.7 millioi to $10.7 million to $10 million to $11 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

B2B gaming technology company Bragg Gaming is having a good year. It reported a strong first quarter, and following the release of its latest financial health report, saw another significant improvement in the second quarter. Gross profit for the company increased by 65.5% in the quarter, reaching $11.9 million. Its gross profit margin also jumped, […]<\/p>\n","protected":false},"author":64,"featured_media":225573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[81903,81898,82205],"acf":[],"yoast_head":"\nBragg Gaming Reports Solid Q2 Revenue, Continuing Success from Q1 - Casino.org<\/title>\n<meta name=\"description\" content=\"B2B gaming technology company Bragg Gaming is having a good year. It reported a strong first quarter, and following the release of its latest financial\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bragg Gaming Reports Solid Q2 Revenue, Continuing Success from Q1 - Casino.org\" \/>\n<meta property=\"og:description\" content=\"B2B gaming technology company Bragg Gaming is having a good year. It reported a strong first quarter, and following the release of its latest financial\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-09T15:57:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-09T18:14:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/08\/Bragg-Gaming.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Erik Gibbs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Erik Gibbs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/\",\"url\":\"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/\",\"name\":\"Bragg Gaming Reports Solid Q2 Revenue, Continuing Success from Q1 - Casino.org\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/08\/Bragg-Gaming.jpg\",\"datePublished\":\"2022-08-09T15:57:33+00:00\",\"dateModified\":\"2022-08-09T18:14:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\"},\"description\":\"B2B gaming technology company Bragg Gaming is having a good year. It reported a strong first quarter, and following the release of its latest financial\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/08\/Bragg-Gaming.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/08\/Bragg-Gaming.jpg\",\"width\":1600,\"height\":900,\"caption\":\"Bragg Gaming representatives participating in the iGaming Next expo in New York City in May. The gaming company has provided its latest financials, showing strong results for Q2. (Image: Bragg Gaming)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bragg Gaming Reports Solid Q2 Revenue, Continuing Success from Q1\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca\",\"name\":\"Erik Gibbs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png\",\"caption\":\"Erik Gibbs\"},\"description\":\"Erik Gibbs covers global gaming news for Casino.org. His scope includes Europe, Latin America, the Caribbean and Asia. Erik has covered gaming markets in Europe and Asia for the past six years. Erik joined Casino.org in November 2021. Erik has written for numerous gambling- and a handful of industry publications has quoted casino-related media outlets over the years and. He is always excited to bring a new perspective on what's happening in the gaming space. Erik enjoys following the global gaming industry, paying particular attention to innovation and regulation. Originally from the US, Erik has spent extensive time living in various countries across the globe. He enjoys anything that has to do with the outdoors and exploration, although he readily admits that he would have no trouble spending all day fishing on a boat. He currently resides in Spain. Contact Erik at erik.gibbs@casino.org.\",\"url\":\"https:\/\/www.casino.org\/news\/author\/erik-gibbs\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bragg Gaming Reports Solid Q2 Revenue, Continuing Success from Q1 - Casino.org","description":"B2B gaming technology company Bragg Gaming is having a good year. It reported a strong first quarter, and following the release of its latest financial","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Bragg Gaming Reports Solid Q2 Revenue, Continuing Success from Q1 - Casino.org","og_description":"B2B gaming technology company Bragg Gaming is having a good year. It reported a strong first quarter, and following the release of its latest financial","og_url":"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-08-09T15:57:33+00:00","article_modified_time":"2022-08-09T18:14:36+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/08\/Bragg-Gaming.jpg","type":"image\/jpeg"}],"author":"Erik Gibbs","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Erik Gibbs","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/","url":"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/","name":"Bragg Gaming Reports Solid Q2 Revenue, Continuing Success from Q1 - Casino.org","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/08\/Bragg-Gaming.jpg","datePublished":"2022-08-09T15:57:33+00:00","dateModified":"2022-08-09T18:14:36+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca"},"description":"B2B gaming technology company Bragg Gaming is having a good year. It reported a strong first quarter, and following the release of its latest financial","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/08\/Bragg-Gaming.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/08\/Bragg-Gaming.jpg","width":1600,"height":900,"caption":"Bragg Gaming representatives participating in the iGaming Next expo in New York City in May. The gaming company has provided its latest financials, showing strong results for Q2. (Image: Bragg Gaming)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/bragg-gaming-reports-solid-q2-revenue-continuing-success-from-q1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Bragg Gaming Reports Solid Q2 Revenue, Continuing Success from Q1"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/21bf33e35290a1da9c572298dac6b7ca","name":"Erik Gibbs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-13-96x96.png","caption":"Erik Gibbs"},"description":"Erik Gibbs covers global gaming news for Casino.org. His scope includes Europe, Latin America, the Caribbean and Asia. Erik has covered gaming markets in Europe and Asia for the past six years. Erik joined Casino.org in November 2021. Erik has written for numerous gambling- and a handful of industry publications has quoted casino-related media outlets over the years and. He is always excited to bring a new perspective on what's happening in the gaming space. Erik enjoys following the global gaming industry, paying particular attention to innovation and regulation. Originally from the US, Erik has spent extensive time living in various countries across the globe. He enjoys anything that has to do with the outdoors and exploration, although he readily admits that he would have no trouble spending all day fishing on a boat. He currently resides in Spain. Contact Erik at erik.gibbs@casino.org.","url":"https:\/\/www.casino.org\/news\/author\/erik-gibbs\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/225574"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=225574"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/225574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/225573"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=225574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=225574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=225574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}