The chart below shows how BRAG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BRAG sees a +0.73% change in stock price 10 days leading up to the earnings, and a -1.54% change 10 days following the report. On the earnings day itself, the stock moves by -1.68%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Strong Q3 Performance: In the third quarter, we delivered meaningful growth across all of our key performance indicators delivering 16% top line growth year-over-year with gross profits up 18% and adjusted EBITDA up 7%.
Record High Revenue Growth: Total revenue for the third quarter was EUR 26.2 million, another record high up 15.9% compared to Q3 2023.
Gross Profit Growth: Q3 2024 gross profits grew by 18% to EUR 14 million with gross profit margin rising by 99 basis points to 53.5%.
Quarterly EBITDA Growth: Adjusted EBITDA for the quarter also grew by 7% to EUR 4.1 million, our third consecutive quarter of growth.
Content Revenue Performance: Our total content revenue was EUR 20.5 million in the third quarter of 2024, representing 78.2% of total revenue.
Negative
Record Third Quarter Revenue: Total revenue for the third quarter was EUR 26.2 million, representing a record quarter for the Company despite a year-over-year growth of only 15.9%.
Quarterly Adjusted EBITDA Growth: Adjusted EBITDA for the quarter grew by 7% to EUR 4.1 million, with a margin of 15.6%, slightly lower than the 16.9% reported in the same period last year.
Net Working Capital Increase: The Company reported a net working capital of EUR 11.3 million at the end of September 30, 2024, compared to EUR 5.1 million at the beginning of the year, indicating a significant increase in liabilities.
Content Revenue Decline: Total content revenue was EUR 20.5 million in the third quarter of 2024, representing 78.2% of total revenue, a decrease from 79.4% in the same period of 2023.
Strategic Review Outcome: The Company has concluded its strategic review process and determined that none of the proposals received reflect the Company’s intrinsic value or current and projected financial performance.
Bragg Gaming Group Inc. (BRAG) Q3 2024 Earnings Call Transcript
BRAG.O
1.18%