Bragg Gaming Group Inc. (BRAG) has released its preliminary projections for fiscal year 2024, forecasting a revenue of no less than €102 million. This marks a 9% increase compared to last year’s €93.5 million. The company also anticipates an adjusted EBITDA of at least €15.4 million, slightly up from €15.2 million the previous year.
Looking ahead to fiscal year 2025, Bragg predicts revenue to range between €117.5 million and €123 million. The adjusted EBITDA is projected to fall between €19 million and €21.5 million.
To achieve these growth targets in 2025, Bragg has outlined several strategic initiatives. These include the development of content-focused products tailored for North American and Brazilian markets, content integration within the U.S., the expansion of content distribution across key Western European markets, and leveraging innovative gaming technologies.
Analysts, on average, project Bragg's revenue to be €102.14 million for 2024 and €113.65 million for 2025.
Presently, Bragg's shares are trading at $4.75 on the Nasdaq, reflecting a 12.29% increase.
