Bragg Gaming Group Third Quarter 2024 Earnings: Beats Expectations

Bragg Gaming Group (TSE:BRAG) Third Quarter 2024 Results

Key Financial Results

• Revenue: €26.2m (up 16% from 3Q 2023).
• Net loss: €165.0k (loss narrowed by 94% from 3Q 2023).
• €0.007 loss per share (improved from €0.13 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bragg Gaming Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 83%.

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Canada.

Performance of the Canadian Hospitality industry.

The company's shares are down 31% from a week ago.

Valuation

It's possible that Bragg Gaming Group could be undervalued with our 6-factor valuation analysis indicating a potential opportunity. To explore our complete evaluation click here and get an understanding of what analysts are thinking about the company's future.

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