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Bragg Gaming Group Inc (TSE:BRAG)
TSX:BRAG
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-C$0.05Last Year’s EPS
-C$0.04Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2024
|% Change Since: -11.31%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant revenue growth, expansion into new markets, and a strong increase in proprietary content revenue. However, there was a decline in adjusted EBITDA margin and the company is tracking to the lower end of its guidance range. Overall, the sentiment is positive due to the strong growth and market expansion, despite some financial margin challenges.Company Guidance
During the third quarter earnings call for Bragg Gaming Group, the company reported a 16% year-over-year top-line growth, with gross profits increasing by 18% to EUR 14 million, and adjusted EBITDA growing 7% to EUR 4.1 million. The gross profit margin rose by 99 basis points to 53.5%. The company reiterated its full-year revenue guidance of EUR 102 million to EUR 109 million and adjusted EBITDA guidance of EUR 15.2 million to EUR 18.5 million, noting they are tracking to the lower end of these ranges. Bragg's focus on the U.S. market contributed to a 40% increase in proprietary content revenue globally. The company also highlighted strategic moves into new markets, such as the Netherlands and Brazil, to drive further growth. Additionally, Bragg concluded its strategic review process, opting to continue executing its business plan as the best path to enhance shareholder value.Strong Revenue Growth
Total revenue for Q3 2024 reached EUR 26.2 million, marking a 15.9% increase compared to Q3 2023. This represents a record high for the company.
Increase in Gross Profits
Gross profits grew by 18% to EUR 14 million, with a gross profit margin rising by 99 basis points to 53.5%.
Growth in Proprietary Content
Proprietary content revenue globally increased by 40% compared to the third quarter of last year.
Market Expansion
Expansion into new markets such as Delaware, West Virginia, and anticipation for the Brazilian market post-regulation.
Strategic Review Conclusion
The strategic review process concluded with no action, reflecting confidence in the company's current strategy and intrinsic value.
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TSE:BRAG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:BRAG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$6.10 | C$4.26 | -30.16% |
| Aug 08, 2024 | C$7.15 | C$6.90 | -3.50% |
| May 09, 2024 | C$7.66 | C$8.02 | +4.70% |
| Mar 26, 2024 | C$7.05 | C$7.20 | +2.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bragg Gaming Group Inc (TSE:BRAG) report earnings?
Bragg Gaming Group Inc (TSE:BRAG) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Bragg Gaming Group Inc (TSE:BRAG) earnings time?
Bragg Gaming Group Inc (TSE:BRAG) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:BRAG EPS forecast?
TSE:BRAG EPS forecast for the fiscal quarter 2024 (Q4) is -C$0.05.
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