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Bragg reports 12.4% adjusted EBITDA decline in Q1 2024

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Bragg Gaming Group reported Q1 2024 revenue of €23.8m, up 4.2% year on year, while gross profit fell 2.8% to €11.9m and adjusted EBITDA declined 12.4% to €3.4m. CEO Matevž Mazij attributed the decreases to an extension and renegotiation of its Entain agreement for the PAM platform at BetCity.nl through 2025; Bragg reiterated its 2024 guidance and said its strategic alternatives review was progressing.

Bragg’s higher revenue alongside lower gross profit and EBITDA, plus reiterated guidance, informs investors assessing performance.

End-of-day close Entain (ENT), GBp, to 21 June 2024
Story date25 March 202421 June 2024

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Latest reported results

Bragg Gaming NASDAQ: BRAG

Quarter ended 30 June 2026

Revenue
EUR 22.9m

Entain LSE: ENT

Financial year ended 31 December 2025

Revenue
GBP 5.26bn
Operating income
GBP 495.7m

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