{"id":165,"date":"2024-06-17T21:10:33","date_gmt":"2024-06-17T18:10:33","guid":{"rendered":"https:\/\/vegas2web.icu\/2024\/06\/17\/bragg-gaming-group-reports-impressive-q3-2022-earnings-with-significant-revenue-and-profit-growth\/"},"modified":"2024-06-20T17:05:38","modified_gmt":"2024-06-20T14:05:38","slug":"bragg-gaming-group-reports-impressive-q3-2022-earnings-with-significant-revenue-and-profit-growth","status":"publish","type":"post","link":"https:\/\/vegas2web.icu\/2024\/06\/17\/bragg-gaming-group-reports-impressive-q3-2022-earnings-with-significant-revenue-and-profit-growth\/","title":{"rendered":"Bragg Gaming Group Reports Impressive Q3 2022 Earnings with Significant Revenue and Profit Growth"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/70H16Nwd-dg\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Bragg Gaming Group has announced stellar Q3 2022 earnings, demonstrating substantial annual growth.  Their revenue hit \u20ac20.9 million, a remarkable 62% surge compared to the corresponding period last year. <\/p>\n<p>This achievement can be partially attributed to a strategic pivot towards providing comprehensive client management tools and unique content, which demonstrably resonated with users. Consequently, betting volume experienced a considerable uptick, soaring from \u20ac3.2 billion in Q3 2021 to an impressive \u20ac4.6 billion this year. <\/p>\n<p>This expansion is mirrored in their financial performance, with a 58% rise in gross profit, reaching \u20ac10.4 million. Notably, their adjusted EBITDA also witnessed positive momentum, hitting \u20ac2.2 million \u2013 a 52% jump compared to the prior year.<\/p>\n<p>Bragg CEO, Yaniv Sherman, emphasized their advancements in delivering high-value content and services to an expanding worldwide audience, particularly within the burgeoning North American market.  With a robust cash reserve, including a recent injection from convertible debt, Bragg Gaming Group seems well-situated for sustained success. <\/p>\n<p>Were achieving significant progress in our key strategic goals. We&#8217;re generating a greater volume of exclusive content, securing sole distribution agreements for highly desirable third-party material, and broadening both our clientele and the number of regulated sectors we cater to.  Our entry into the Dutch market serves as a perfect illustration \u2013 we&#8217;ve collaborated with numerous operators there and rapidly ascended to a dominant position.<\/p>\n<p>Furthermore, we&#8217;ve incorporated Wild Streak Gaming and Spin Games into the Bragg portfolio through acquisitions, launched two new internal game development studios, and implemented some company-wide modifications to optimize our processes. These collective efforts are contributing to the solidification of Bragg&#8217;s standing as a premier global gaming enterprise.&#8221; <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bragg Gaming Group has announced stellar Q3 2022 earnings, demonstrating substantial annual growth. Their revenue hit \u20ac20.9 million, a remarkable 62% surge compared to the corresponding period last year. This achievement can be partially attributed to a strategic pivot towards providing comprehensive client management tools and unique content, which demonstrably resonated with users. Consequently, betting [&hellip;]<\/p>\n","protected":false},"author":41,"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 Group Reports Soaring Q3 Earnings: Revenue Up 62%<\/title>\n<meta name=\"description\" content=\"Discover how Bragg Gaming Group achieved a remarkable 62% revenue increase in Q3 2022, driven by strategic initiatives and a surge in user engagement. 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