Bragg Gaming management commentary attributes Q3 2026 adjusted EBITDA decline to lower revenue as legacy platform contracts roll off
BRAG•Bragg Gaming Group said Q3 2026 revenue fell 23% to EUR 20.6 million and adjusted EBITDA dropped to EUR 3 million as legacy platform contracts rolled off and revenue weakened elsewhere.
1. Revenue and EBITDA fall
Third-quarter revenue fell 23% to EUR 20.6 million, with weakness attributed to legacy Netherlands platform contract roll-offs and lower revenue elsewhere. Aggregated content declined as some operators contracted directly with game providers. Adjusted EBITDA fell to EUR 3 million as lower gross profit outweighed EUR 1.6 million in operating cost savings.
2. Costs and cash flow
Underlying salaries and subcontractor costs fell 30%, reflecting lower headcount and operational efficiencies. Operating cash inflow declined to EUR 200,000 from EUR 2.4 million, reflecting weaker underlying performance and higher tax payments.
