Bragg Gaming has reported its expectations for the final results of the full year 2024.
Revenue for 2024 is expected to reach at least 102 million euros ($106.25 million), a 9% increase year-over-year, while adjusted EBITDA is expected to grow by 1%, reaching at least 15.4 million euros.
The supplier has also announced its expected performance for 2025.
The company's guidance indicates that revenue is expected to be between 117.5 million euros and 123 million euros, implying that the full-year revenue for 2024 is expected to achieve double-digit growth.
Meanwhile, the forecast for adjusted EBITDA in 2025 is expected to be between 19 million euros and 21.5 million euros.
This guidance is based on a range of factors and certain initiatives, including growth in key markets (especially the potential in Brazil), expansion of exclusive partnerships, stability in the PAM business, and an enhanced technological image.
Following this statement, Bragg Gaming's stock price has risen, at the time of writing this article (UK time 15:55), its stock price is $4.75, up 12.3% from yesterday's closing price.
It is worth noting: Last week, Super Group released a business update, expecting strong results for the fourth quarter and the full year of 2024
Bragg CEO Matevž Mazij said: "I am pleased with the performance for 2024 and very excited about the strong growth trajectory outlined in our 2025 guidance.
"Our strategic investments in proprietary and exclusive content as well as various data, player journeys, and AI-enhanced engagement features are expected to drive our growth in 2025. By focusing on profit-enhancing products, we have the ability to increase revenue and profitability while seeking opportunities in key markets such as Brazil and the USA.
"Our PAM products continue to perform top-notch, and although our growth in 2025 will primarily come from the content side of the business, we have exciting prospects to expand our PAM products. Additionally, I am particularly proud of the strong management team we assembled last year at Bragg. The recently announced Caesars deal highlights their impressive capabilities."
