Earnings release
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Bragg Gaming Group 2021 Second Quarter Revenue Rises 27.6 % and Adjusted EBITDA¹ Increases 8.5 % Year Over Year New Proprietary Online Content and New Market Entry to Drive Near- and Long - Term Growth Raises Full Year 2021 Revenue Guidance to EUR € 49.0 million ( USD $ 57.8 Million² ) and Adjusted EBITDA of EUR € 5.4 million ( USD $ 6.4 million ) and Initiates Full Year 2022 Revenue Guidance TORONTO -- ( BUSINESS WIRE ) -- August 11 , 2021 -- Bragg Gaming Group ( TSX : BRAG , OTC : BRGGF ) ( " Bragg " or the " Company " ) , a global B2B gaming technology and content provider , today reported its financial results for the second quarter ended June 30 , 2021 and provided an update on its strategic growth initiatives . Summary of Q2-21 Financial and Operational Highlights Euros ( Thousands ) Q2-21 | Q2-20 % Change Revenue € 15,491 € 12,145 27.6 % Adjusted EBITDA € 1,900 € 1,751 8.5 % Adjusted EBITDA margin 12.3 % 14.4 % -2.1 % Operational Wagering revenue ( Euros ) Unique players³ 2.3M 1.9M Revenue / top 10 customers 57 % 64 % Q2-21 Q2-20 % Change € 3.8B € 3.3B 15.9 % 21.0 % -11.3 % ● Select Recent Strategic Development Progress Bragg completed the acquisition of Wild Streak LLC ( “ Wild Streak " ) on June 2 , 2021 . Wild Streak , a leading U.S. and European - focused proprietary casino content studio , provides Bragg with a library of nearly 40 casino content titles as well as expertise in game design , slot mathematics , and advanced game mechanics and features . As of June 30 , 2021 Wild Streak had seven online casino games live in key iGaming markets including in New Jersey , the UK and other regulated jurisdictions in Europe which have helped grow Wild Streak's revenues and Adjusted EBITDA by 149 % and 940 % , respectively , in the first half of 2021 compared to the same period in 2020. Bragg launched its first Wild Streak online game in Michigan last month , to a strong player response . The acquisition of Wild Streak will significantly help transform the Company's business going forward as it continues to shift from primarily providing third - party online gaming content to be predominantly focused on providing in - house developed proprietary online gaming content that carry higher gross profit margins . Wild Streak's product roadmap currently contemplates the release of six new games through the end of 2021 and 12 new games next year .