Earnings Call Summary | Bragg Gaming Group(BRAG.US) Q2 2024 Earnings Conference
Earnings Call Summary | Bragg Gaming Group(BRAG.US) Q2 2024 Earnings Conference
Adjusted EBITDA decreased 24% YoY to €3.6 million; revenue from content increased to 80%.The following is a summary of the Bragg Gaming Group Inc. (BRAG) Q2 2024 Earnings Call Transcript:
以下是Bragg Gaming Group Inc.（BRAG）Q2 2024業績會交易摘要:
Financial Performance:
金融業績：
Bragg Gaming Q2 revenue was €24.9 million, up 0.5% YoY; gross profit down 10% to €12.4 million.
Adjusted EBITDA decreased 24% YoY to €3.6 million; revenue from content increased to 80%.
Bragg Gaming Q2 營業收入爲 €2490萬，同比增長0.5％；毛利潤下降10％至 €1240萬。
調整後的EBITDA同比下降24％至 €360萬；內容收入佔80％。
Business Progress:
業務進展：
Expanded into Pennsylvania and New Jersey markets; launched SI Gaming with MGM and Borgata.
Released 17 new games and expanded relationship with Golden Nugget in New Jersey.
進入賓夕法尼亞州和新澤西州市場；與MGm和Borgata推出SI Gaming。
發佈了17款新遊戲，並擴大了與新澤西州Golden Nugget的合作關係。
Opportunity:
機會：
Bragg set to capitalize on the growing global regulated online casino market projected at $63 billion by 2029.
Expanding content and services in North America, Latin America, and new jurisdictions.
Bragg將從全球預計將於2029年達到630億美元的在線賭場市場增長中受益。
拓展北美、拉美和新的司法轄區的內容和服務。
Risk:
風險：
Tracking towards lower end of full-year revenue and adjusted EBITDA guidance.
Changes in product mix leading to lower profitability in the short term.
跟蹤全年營收和調整後的EBITDA指引的下限。
產品結構變化導致短期內盈利能力下降。
Financial Performance:
金融業績：
Bragg Gaming reported Q2 2024 revenue of €24.9 million, a record high, reflecting minimal growth of 0.5% year-over-year.
Gross profit for Q2 2024 decreased by 10% to €12.4 million, with a gross profit margin of 49.9%.
Adjusted EBITDA for Q2 2024 was €3.6 million, down 24% year-over-year, with an adjusted EBITDA margin of 14.5%.
Revenue from content made up 80% of total revenue, an increase from 77% in Q2 2023.
The company experienced a decline in PAM and turnkey revenue, which represented 20% of total revenue.
Bragg Gaming報告了Q2 2024收入與歷史最高值的 €2490萬，反映了僅有的0.5％年同比增長。
Q2 2024 毛利潤下降10％至 €1240萬，毛利率爲49.9％。
Q2 2024調整後的EBITDA爲 €360萬，同比下降24％，調整後的EBITDA率爲14.5％。
內容收入佔總收入的80％，較Q2 2023的77％有所增加。
公司經歷了PAm和Turnkey收入下降，佔總收入的20％。
Business Progress:
業務進展：
Bragg expanded into new states in the U.S., including Pennsylvania and New Jersey, enhancing its U.S. market presence.
The company launched new content and technology, notably its SI Gaming content in collaboration with MGM and Borgata and expanded its relationship with Golden Nugget in New Jersey.
Significant growth in player account management technology adoption, specifically in the Czech Republic with Kingsbet, and in the Netherlands with HardRockCasino.
Launched new sportsbook products in the Netherlands to leverage the UEFA European championship football tournament.
Released 17 new exclusive games during Q2, expanding global distribution with Light & Wonder.
Bragg擴大了在美國的市場份額，進入了包括賓夕法尼亞州和新澤西州在內的新州。
公司推出了新的內容和技術，特別是其與MGm和Borgata合作開發的SI Gaming內容，並擴大了與新澤西州Golden Nugget的合作關係。
玩家帳戶管理技術在捷克共和國的Kingsbet和荷蘭的HardRockCasino上得到了顯著增長。
在荷蘭推出新的體育博彩產品，以利用歐洲足球杯錦標賽。
在Q2釋放了17款新的獨家遊戲，與Light ＆ Wonder擴大了全球範圍的分銷。
Opportunities:
機會：
Bragg is well-positioned to capitalize on the global regulated online casino market, projected to reach $63 billion by 2029.
The expansion of proprietary content and third-party exclusive content in North America, Latin America, and newly regulating jurisdictions presents significant growth opportunities.
Growth in PAM and managed services, particularly in Latin America, alongside content distribution improvements in Europe, could significantly enhance Bragg's market position.
Bragg已經準備好在全球在線賭場市場增長中受益，預計到2029年將達到630億美元。
在北美、拉丁美洲和新監管地區擴大專有內容和第三方獨家內容將提供重大增長機會。
在拉丁美洲的PAm和託管服務增長，以及歐洲內容分發的改善，可以顯著增強Bragg的市場地位。
Risks:
風險：
The company is tracking towards the lower end of its full year revenue and adjusted EBITDA guidance, which may indicate underlying challenges in expected financial performance.
Changes in product mix have led to lower gross profit and adjusted EBITDA, impacting profitability in the short term.
該公司正在朝着全年營業收入和調整後的EBITDA指引的低端跟蹤，這可能表明了預期財務表現的潛在挑戰。
產品組合的變化導致了毛利潤和調整後的EBITDA的下降，這對短期盈利能力產生了影響。
More details: Bragg Gaming Group IR
更多詳情：Bragg Gaming Group IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
