Q2 2026 Bragg Gaming Group Inc Earnings Call Transcript
Key Points
- Adjusted EBITDA margin expanded to 15.4% from 13.3% year-over-year, despite a 12% revenue decline, demonstrating improved cost efficiency.
- Proprietary content revenue grew 44% year-over-year in North America, driven by strong traction in the US and Canada.
- Completed the acquisition of Drayton International, expanding reach into Advanced Deposit Wagering (ADW) across over 30 US states and adding five game development studios.
- Announced additional workforce reduction of 19%, bringing total annualized savings to approximately EUR10.5 million, accelerating the path to cash profitability.
- Launched content with bet365 in the UK and entered the Alberta market on day one, signaling successful market penetration and expansion.
- Revenue declined 12% year-over-year to EUR22.9 million, with the company tracking below the low end of its revenue guidance range.
- Withdrew fiscal 2026 guidance due to the Drayton acquisition, citing an inability to forecast the combined business, creating uncertainty for investors.
- Netherlands revenue declined 14% year-over-year due to legacy turnkey contract roll-offs, and Brazil growth was static as operators moved to direct supply integrations.
- Regulatory changes in European jurisdictions, such as Croatia, negatively impacted customer acquisition and advertising, proving more significant than expected.
- Cash position remains low at EUR3.3 million as of June 30, 2026, with the company still working toward positive free cash flow.
Hello, everyone. Thank you for joining us, and welcome to Bragg Gaming Group's second quarter 2026 earnings conference call. (Operator Instructions)
I will now hand the conference over to Robbie Bressler, CFO. Please go ahead.
Good morning, everyone, and thank you for joining us for Bragg Gaming Group's second quarter 2026 earnings call. If you are connected to our online webcast today, you should see our second quarter earnings presentation on your screen. And you should have control to flip through the slides yourself as you listen to the call. If you are joining by telephone, please note that you can find our earnings presentation as well as the financial results press release on our website at investors.bragg.group.
Please note that certain statements on this call may constitute forward-looking information or future-oriented financial information. The full explanation of these risk factors is available on the second slide of the second quarter 2026 earnings presentation
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