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BRAG-News
BRAG-Events
Company Withdraws 2026 Fiscal Guidance
The Company's previously disclosed fiscal 2026 revenue and Adjusted EBITDA guidance was prepared in respect of the Company's operations on a standalone basis. The Company completed the acquisition of Drayton on July 22, 2026. Integration planning is underway, and the Company has limited operating history for the combined business. With the integration of Drayton into the Company's operations at the planning stage, management does not have a reasonable basis on which to forecast the combined business for the remainder of the fiscal year. The Company is therefore withdrawing its previously disclosed 2026 Guidance.
Bragg Reports Q2 Revenue of $26.1M, Beating Consensus
Reports Q2 revenue $26.1M, consensus $23.39M. Matev Mazij, Chief Executive Officer of bragg, commented, "In the second quarter, we continued to execute on our strategy with a focus on profitability and disciplined cost management. Despite lower revenue, Adjusted EBITDA remained broadly flat and Adjusted EBITDA Margin expanded, supported by continued progress in reducing our cost base. Since quarter end we closed the Drayton transaction, satisfied entirely in shares, and announced a further workforce reduction. Integrating Drayton is our primary focus for the remainder of the year. That work is underway across content and technology and remains at an early stage. Together with Matt Davey joining as Non-Executive Chairman, our direction is unchanged: a games-first strategy on a lower cost base."
Bragg Gaming Board Member Changes
Bragg Gaming announced that Donald Robertson has resigned from the Board of Directors, effective August 13, 2026. Jordan Gnat has been appointed to the Board with effect from the same date.
Bragg Gaming Closes Acquisition of Drayton International
Bragg Gaming Group announced the closing of its previously announced acquisition of Drayton International, the concurrent conversion of subscription receipts into common shares and warrants under its previously announced non-brokered private placement, the renewal of its senior credit facility, and changes to the composition of its board of directors. The Company announces the appointment of Matt Davey as Non-Executive Chairman of the board of directors of the Company, effective as of the closing of the Transaction.
Bragg Gaming Plans 19% Workforce Reduction, Expects €10.5M Savings
Bragg Gaming Group announced a further set of organizational and operational measures designed to improve its cost structure, sharpen its strategic focus, and accelerate its path to becoming a sustainable cash-generative business. The measures include a reduction of approximately 19% of the Company's global workforce. bragg anticipates annualized cash savings from these measures of approximately EUR 6M once fully implemented. These savings are anticipated to be incremental to the approximately EUR 4.5M in annualized cash savings anticipated in connection with the strategic restructuring previously announced on January 8. Taken together, these measures are expected to deliver approximately EUR 10.5M of annualized cash savings. The Company expects to incur costs related of approximately EUR 0.6M, associated with personnel-related termination costs, in the second half of 2026 in connection with the restructuring measures announced today, which costs are incremental to the expected costs of the Prior Restructuring.
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