The following is a summary of the Bragg Gaming Group Inc. (BRAG) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Bragg Gaming Group reported a record total revenue of EUR 26.2 million for Q3 2024, an increase of 15.9% year-over-year.

• Gross profit for the quarter was EUR 14 million, showing an increase of 18% from the previous year, with a gross profit margin of 53.5%.

• Adjusted EBITDA grew by 7% to EUR 4.1 million, though the margin slightly decreased to 15.6% from 16.9% reported in the same period last year.

Business Progress:

• Bragg Gaming has expanded its content distribution in the U.S., launching in new states and deepening partnerships with major operators such as Caesars Entertainment and FanDuel.

• The company launched its sixth PAM customer in the Netherlands and successfully incorporated the Kambi Sportsbook with its partner 711.nl.

• For 2025, Bragg anticipates continued double-digit top-line growth and operational leverage improvements.

Opportunities:

• Continued U.S. market expansion and planned entry into the regulated Brazilian market starting January 2025 are expected to drive substantial growth.

• The company is set to capitalize on Brazil's regulated market through its PAM and custom content solutions.

Risks:

• Adjusted EBITDA margin decreased slightly, indicating cost pressures despite revenue growth.

• The company is tracking towards the lower end of its 2024 guidance, which might signal slower than expected profit growth.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.