{"id":213,"date":"2024-06-19T05:47:30","date_gmt":"2024-06-19T02:47:30","guid":{"rendered":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/19\/bragg-gaming-achieves-record-revenue-and-expands-global-footprint-in-2022\/"},"modified":"2024-06-20T17:10:26","modified_gmt":"2024-06-20T14:10:26","slug":"bragg-gaming-achieves-record-revenue-and-expands-global-footprint-in-2022","status":"publish","type":"post","link":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/19\/bragg-gaming-achieves-record-revenue-and-expands-global-footprint-in-2022\/","title":{"rendered":"Bragg Gaming Achieves Record Revenue and Expands Global Footprint in 2022"},"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 concluded 2022 with a flourish, achieving unprecedented revenue of \u20ac23.7 million (approximately US$25.5 million) in the fourth quarter. This signifies a 50% surge in comparison to the corresponding period in the preceding year. <\/p>\n<p>Beyond setting a new revenue benchmark, Bragg witnessed a remarkable 62% escalation in their gross profit, reaching \u20ac13 million. This expansion resulted in an enhanced gross profit margin, now at a robust 55%, reflecting a 3.9 percentage point increase.<\/p>\n<p>A prominent entity in the iGaming sector, the company also experienced a substantial 128% rise in adjusted EBITDA, attaining \u20ac3.6 million.<\/p>\n<p>These robust Q4 figures culminated in an exceptional year for Bragg. Their cumulative revenue for 2022 reached \u20ac84.7 million, signifying a 45% year-on-year growth. Moreover, their adjusted EBITDA for the year underwent a notable 64% surge, reaching \u20ac12.1 million.<\/p>\n<p>This exceptional performance has prompted Bragg to elevate its 2023 forecasts. The company now projects revenue to range between \u20ac93 million and \u20ac97 million, with adjusted EBITDA anticipated to fall within \u20ac14.5 million to \u20ac16.5 million.<\/p>\n<p>&#8220;2022 marked a pivotal year for Bragg, culminating in record-breaking Q4 outcomes. Our revenue, gross profit, and adjusted EBITDA all demonstrated substantial growth compared to the previous year, surpassing our initial projections,&#8221; remarked Yaniv Sherman, Chief Executive Officer of Bragg Gaming.<\/p>\n<p>&#8220;These remarkable figures underscore Bragg&#8217;s ongoing success in broadening our business horizons. We have strategically transitioned from predominantly catering to the Central European iGaming market to evolving into a global, content-driven iGaming solutions provider with an expansive reach encompassing North America and Europe.&#8221; <\/p>\n<p>Bragg Gaming Group concluded 2022 on a high note, venturing into Michigan alongside BetMGM and penetrating the Belgian market with Napoleon Sports and Casino. <\/p>\n<p>\u201cWe have established a robust foundation for worldwide expansion,\u201d remarked Yaniv Sherman, CEO of Bragg. He highlighted the seamless incorporation of Wild Streak Gaming and Spin Games, the growth of Bragg&#8217;s quartet of game studios, and a comprehensive plan for new game launches. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bragg Gaming concluded 2022 with a flourish, achieving unprecedented revenue of \u20ac23.7 million (approximately US$25.5&#8230;<\/p>\n","protected":false},"author":78,"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 Smashes Records with Soaring Q4 Revenue<\/title>\n<meta name=\"description\" content=\"Bragg Gaming closed out 2022 on a high note, reporting a record-breaking \u20ac23.7 million in Q4 revenue! 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