Bragg Gaming reports Q2 2026 revenue falls, guidance withdrawn

Bragg Gaming Group (TSX: BRAG ) held its second-quarter earnings conference call on Thursday.

Below is the complete transcript from the call.

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For comprehensive financial data and transcripts, visit The full earnings call is available at Summary Bragg Gaming Group Inc reported Q2 2026 revenue of 22.9 million euros, a 12% decrease year-over-year, with adjusted EBITDA maintaining at 3.5 million euros and an expanded margin of 15%.

The company announced a 19% workforce reduction, aiming to save 10.5 million euros annually, and is focused on a strategy prioritizing margin and cash flow over aggressive revenue growth.

Significant growth was noted in proprietary content revenue in North America, especially in the U.S. and Canada, while challenges were observed in the Netherlands and certain European markets due to regulatory changes and customer shifts.

Bragg completed the acquisition of Drayton International, which is expected to enhance market reach and profitability, but has withdrawn fiscal 2026 guidance due to integration uncertainties.

Strategic initiatives include a focus on proprietary games, AI-driven models, and expanding market presence, particularly in North America.

Operational highlights include new market entries and partnerships in Europe and North America.

Full Transcript OPERATOR (Operator) Hello everyone.

Thank you for joining us and welcome to Bragg Gaming Group Inc second quarter 2026 earnings conference call.

After today's prepared remarks we will host a question and answer session.

If you would like to ask a question, please press Star one to raise your hand.

To withdraw your question, press Star one again.

I will now hand the conference over to Robbie Bressler, CFO.

Please go ahead.

Robbie Bressler, CFO Good morning everyone and thank you for joining us for Bragg Gaming Group Inc second quarter 2026 earnings call.

If you are connected to our online webcast today, you should see our second quarter earnings presentation on your screen and you should have control to flip through the slides yourself as you listen to the call.

If you are joining by telephone, please note that you can find our earnings presentation as well as the financial results press release on our website at investors.bragg.

Please note that certain statements on this call may constitute forward-looking information or future-oriented financial information.

A full explanation of these risk factors is available on the second slide of the second quarter 2026 earnings presentation titled Forward-Looking Statements, as well as in the press release issued this morning and our public disclosures.

Bragg disclaims any obligation, except as required by law, to update or revise any forward-looking statements, whether because of new information, future events, or otherwise.

Any forward-looking statements made on this call speak only as of the date of this call.

Bragg Gaming Group Inc CEO Matev Mazij and myself, the CFO of Bragg Gaming Group Inc, Robbie Bressler, will discuss the company's second quarter performance and provide a business update.

We will follow that with a question and answer session.

I would now like to turn the call over to Mats.

Matev Mazij, CEO Thank you and good morning everyone.

Thank you for joining us for Bragg Gaming Group Inc second quarter 2026 earnings call.

In the second quarter we prioritized margin and cash flow performance over aggressive revenue expansion, which underpins our renewed group-wide strategy.

Revenue was 22.9 million euro, down 12% year over year.

Adjusted EBITDA was held static at 3.5 million euro and our adjusted EBITDA margin expanded to 15% from 13% in the same quarter last year.

On July 9th, 2026 we announced a further reduction of approximately 19% of our global workforce expected to deliver approximately 6 million euro in incremental annualized cash savings and bringing total expected annualized savings to approximately 10.5 million euro.

Together with the restructuring announced on January 8th, 2026, combined with the acceleration of our AI-first transformation, it leaves a leaner organization concentrated on our core technology, content and platform products, and it accelerates our path to cash profitability and adjusted EBITDA growth.

Furthermore, I would like to highlight our content performance across North America, especially in Canada and the United States.

Our proprietary content being deployed by U.S. and Canadian operators is building very positive traction.

This content revenue grew 44% compared to Q2 last year driven by distribution, quantity, and quality of content.