Bragg Gaming raises financial outlook for 2022 following preliminary 2021 results

Bragg Gaming Group has raised its financial projections for the year ahead, following the release of a strong set of preliminary results for 2021

Bragg Gaming Group has raised its financial projections for the yr ahead, followers the tone ending of a strong exercise set of overture results for 2021.

The company expects to put up Q4 2021 results of €15.4m ($17.6m) and familiarised EBITDA of €1.3m. As a result, this would work full-year revenue of around €58m and familiarized Earnings Before Interest Taxes Depreciation and Amortization of €7m, respectively.

While the results are still guinea pig to auditing, the company’s last posture is in advance of both expectations and the previous year.

Full-year revenue is expected to finishing €2m to €3m onwards of the previous guidance, piece adjusted EBITDA is projected to earth €0.2m to $0.4m onwards of expectations. Compared to 2020, the expected results exhibit revenue and familiarised Earnings Before Interest Taxes Depreciation and Amortization growing of 25% and 26%, respectively.

Yaniv Spielberg, Chief Strategy Officer, Braxton Bragg Gaming, commented: “The on-going execution of instrument of our iGaming cognitive content and weapons platform expansion, and young securities industry initiatives, are impulsive Bragg’s consistent operating momentum leading to long-term financial growth.

“These factors contributed to stronger-than-expected financial results in the 2021 quaternary quarter, and as a resultant we now anticipate to overstep our previously provided steering for full-year 2021 revenue and adjusted EBITDA.”

Bragg Gaming has increased its projections for 2022. Full-year revenue is at present expected to smasher inwards the realm of €68m to €72m (compared with the previous judge of €59m to €61m), patch familiarized EBITDA is projected to shore between €9.5m to €10.5m (increased from €6m to €7m).

The liberate also mentions the company’s intention to fill up the business deal to win Spin Games before the last of Q1 2022.

Spielberg said: “As we go finisher to completing our acquisition of Spin Games, whose existing relationships with leading US iGaming operators testament significantly quicken our entry into the market, and bear on to do uniform advance with entering young regulated planetary iGaming markets, we remain on caterpillar tread to... achieve our increased 2022 financial projections; and to and so uphold to speed up our growing in 2023.”

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