Bragg reports 23% Q3 revenue decline as cost cuts lag
Bragg Gaming Group reported Q3 revenue of €20.6m, down 23% year on year, while adjusted EBITDA fell 33% to €3m. Interim CEO Morten Tonnesen said the company’s cost-reduction programme had not yet offset lost revenue; annualised savings are expected to reach about €10.5m.
The results show revenue pressure and cost savings have not yet offset losses for the supplier.