Bragg Gaming Group (NASDAQ:BRAG) Releases Earnings Results, Beats Estimates By $0.03 EPS

Bragg Gaming Group (NASDAQ:BRAG) released its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.03, Zacks reports. The business had revenue of $29.64 million during the quarter, compared to analysts’ expectations of $29.00 million. Bragg Gaming Group had a negative return on equity of 12.52% and a negative net margin of 7.59%.

Here are the key takeaways from Bragg Gaming Group’s conference call:

• Bragg reported Q1 2026 revenue of EUR 25.7 million, up 0.6% year over year, with adjusted EBITDA of EUR 4.0 million and a 15.7% margin.
• Profitability improved meaningfully, with operating loss narrowing 18% to EUR 1.4 million and net loss improving 55% to EUR 1.2 million, or EUR 0.05 per share.
• The company affirmed full-year 2026 guidance for revenue of EUR 97 million to EUR 104.5 million and adjusted EBITDA of EUR 60 million to EUR 19 million, excluding the planned Drayton transaction.
• Bragg said the planned Drayton transaction is a major strategic step that should expand its proprietary content portfolio by more than 100 titles and strengthen its margin profile.
• Management emphasized that Drayton could significantly broaden Bragg’s U.S. opportunity through ADW distribution in 30+ states, while also bringing additional AI capabilities, distribution infrastructure, and new leadership in Matt Davey.

Bragg Gaming Group Stock Down 14.6%

NASDAQ:BRAG opened at $1.81 on Friday. The stock’s fifty day moving average is $1.86 and its two-hundred day moving average is $2.03. Bragg Gaming Group has a 52 week low of $1.46 and a 52 week high of $4.82. The stock has a market capitalization of $45.32 million, a price-to-earnings ratio of -4.89 and a beta of 0.98.

Institutional Investors Weigh In On Bragg Gaming Group

A hedge fund recently raised its stake in Bragg Gaming Group stock. Jane Street Group LLC raised its stake in Bragg Gaming Group Inc. (NASDAQ:BRAG) by 43.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,009 shares of the company’s stock after purchasing an additional 6,072 shares during the period. Jane Street Group LLC owned about 0.08% of Bragg Gaming Group worth $42,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Zacks Research raised shares of Bragg Gaming Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Bragg Gaming Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $5.00.

About Bragg Gaming Group

Bragg Gaming Group is a business-to-business supplier of online gaming content, technology and platform solutions. The company develops and distributes a mix of proprietary, third-party and licensed casino games, including video slots, table games and live dealer experiences. Its core offering centers on a scalable gaming platform designed to support operator integration, player management and advanced analytics.

Bragg’s technology stack features its flagship ORYX Gaming platform, which provides a centralized hub for game aggregation, platform services and regulatory compliance tools.