Bragg Gaming Group has updated its full-year 2023 revenue guidance to between €93m and €97m after increases in Q4 and 2022 overall.
Q4 2022 revenue rose 50.3 per cent to a record €23.7m, with gross profit rising to €13m, a climb of 61.6 per cent.
Adjusted EBITDA improved 128.3 per cent to €3.6m.
Over 2022, revenue rose to €84.7m – a hike of 45.3 per cent, with adjusted EBITDA growing 64 per cent to €12.1m.
“These record results highlight Bragg’s ongoing substantial momentum as we continue to successfully diversify our operations from serving primarily central-European igaming markets to become a global, content-led, igaming solutions provider with extensive distribution across North America and Europe,” said Yaniv Sherman, chief executive officer for Bragg.
He added that the midpoints of the projected 2023 revenue would represent year-over-year growth of 12 per cent and 28 per cent, respectively.
