Bragg Gaming Group Revenue Declines in Second Quarter
The B2B online gaming technology platform reported revenue of 22.89 million euros for the three months ended June 30, 2026
Bragg Gaming Group Inc. (BRAG), a business-to-business online gaming technology platform and casino content aggregator, reported a decline in revenue for the second quarter of 2026. Revenue for the three months ended June 30, 2026, was 22.89 million euros, compared to 26.08 million euros in the same period the previous year.
For the six months ended June 30, 2026, revenue totaled 48.54 million euros, down from 51.58 million euros for the corresponding six-month period in 2025. Gross profit for the quarter fell to 11.84 million euros from 13.74 million euros.
Despite the revenue drop, the company reduced its selling, general and administrative expenses to 13.78 million euros in the second quarter, down from 16.09 million euros in the prior-year quarter. This reduction contributed to a narrower operating loss of 1.94 million euros compared to a 2.35 million euros operating loss in the same period last year.
Net loss for the three months ended June 30, 2026, was 2.88 million euros, compared to 1.83 million euros for the same period in 2025. The basic and diluted loss per share for the quarter was 0.11 euros a share, compared to 0.07 euros a share in the prior-year period. For the first half of 2026, the company reported a net loss of 4.06 million euros, an improvement over the 4.47 million euros net loss reported for the first half of 2025.
Cash and cash equivalents at the end of the period were 3.31 million euros, down from 6.66 million euros as of December 31, 2025. The company reported a change in cash and cash equivalents of negative 3.35 million euros for the period.
As of June 30, 2026, the company held total assets of 91.36 million euros, including 31.56 million euros in goodwill and 29.21 million euros in intangible assets. Total liabilities were 31.86 million euros, while total equity stood at 59.50 million euros.