Bragg Gaming has reported its financial results for the second quarter and first half of 2026, as increases in revenue from US and Canada operations were offset by softer activity in the Netherlands and Brazil.
Net revenue during the quarterly period totaled €22.9m (US$26.1m) and decreased 12%, while net loss for Q2 2026 increased 57.2% to €2.9m.
Revenue from operations in the Netherlands decreased 14% year-on-year, while activity in the US and Canada increased 25% and 44%, respectively. Brazil revenue remained stagnant compared to the second quarter of 2025.
Bragg Gaming’s gross profit for Q2 2026 decreased 13.9% to €11.8m, even while operating loss fell to $1.9m and managed to decrease from the €2.3m loss reported during the second quarter of 2025.
The supplier’s adjusted EBITDA also increased 1.8% to €3.5m for Q2. Bragg Gaming previously unveiled plans to cut approximately 19% of its global workforce during July, generating approximately €6m in additional annualized cost savings.
Bragg Gaming Net Income/Loss History - Q2 + H1
in €mil
For H1 2026, net revenue decreased 5.9% to €48.5m, while adjusted EBITDA remained stagnant at €7.5m. Operating loss for the first-half period also decreased year-on-year, however, totaling €3.4m following an H1 2025 loss of €4m.
Gross profit for H1 2026 totaled nearly €26.1m and decreased 7%, as the supplier’s net loss for the first-half period fell to €4.1m after reaching €4.5m during the prior year period.
On 19 June, Bragg Gaming CEO Matevž Mazij failed to secure the majority shareholder's backing, receiving 44.33% of the vote in favor and 55.67% against.
In accordance with the company's majority voting policy, Mazij submitted an offer to resign from the Board, having served as Bragg Gaming CEO for nearly three years.
Bragg Gaming unveiled plans for a non-brokered private placement expected to raise up to $1.3m on 2 June, with company insiders and executive Matt Davey among the proposed participants
