Bragg Gaming says 2Q26 revenue falls 12% on Netherlands legacy contract roll-off, other market softness
BRAG•Revenue declines on Netherlands contract roll-off and softer markets
Bragg posted 2Q26 revenue of EUR 22.89 million, down 12%, citing the roll-off of legacy Netherlands platform contracts.
Games and content revenue fell to EUR 18.4 million; management pointed to weaker markets, regulatory factors, customer-specific issues, and direct integrations.
EBITDA holds as costs fall; guidance withdrawn after Drayton acquisition
Adjusted EBITDA held at EUR 3.52 million; margin rose to 15% on lower headcount costs and a EUR 1 million bad-debt reversal.
Operating loss narrowed to EUR 1.94 million as SG&A fell to EUR 13.8 million, partly offset by lower gross profit.
Guidance was withdrawn following the July 22, 2026 Drayton acquisition; integration planning began, and a further 19% workforce cut targets EUR 6 million in savings.
