TORONTO--(BUSINESS WIRE)--May 14, 2026-- 

Bragg Gaming Group (NASDAQ:BRAG; TSX:BRAG) ("bragg" or the "Company"), a leading igaming content and platform technology solutions provider, today announced its financial results for the first quarter of 2026.

First Quarter 2026 Financial Highlights:

   --  Revenue Growth: Total quarterly revenue of EUR25.7 million (US$29.7 
      million)1 in the first quarter: 
 
          --  The Netherlands revenue increased 3.5% year-over-year due to a 
             short-term uplift from a fixed Player Account Management ("PAM") 
             agreement with Entain Plc (LSE: ENTL); 
 
          --  Brazil revenue increased 33.3% compared to the 2025 first 
             quarter with continued growth in provider onboarding; and 
 
          --  United States recurring revenue grew 7.1% year-over-year, driven 
             by expanded high-margin proprietary content footprint, while total 
             U.S. revenue declined 12.1% due to one off revenue in the 2025 
             first quarter related to the Company's content and technology 
             project with Caesars Entertainment for its online casino 
             platforms; and 
 
          --  Total revenue grew 0.6% year-over-year. 
 
 
   --  Operating Loss, Net Loss and Adjusted EBITDA2: Operating loss for the 
      first quarter was EUR1.4 million (US$1.7 million), a EUR0.3 million 
      (US$0.1 million) improvement from an operating loss of EUR1.7 million 
      (US$1.8 million) in the same period of 2025. Net loss for the first 
      quarter was EUR1.2 million (US$1.4 million), or EUR0.05 (US$0.05) per 
      common share, a 55% improvement from a net loss of EUR2.6 million (US$2.8 
      million), or EUR0.11 (US$0.12) per common share, in the same period of 
      2025. Adjusted EBITDA for the 2026 first quarter was EUR4.0 million 
      (US$4.6 million), representing an Adjusted EBITDA Margin3 of 15.7%, 
      compared to EUR4.1 million (US$4.3 million), representing an Adjusted 
      EBITDA Margin of 16.0% in Q1-2025. 

(1) Results converted from EUR to USD assume an exchange rate of 1.1517 for the three-month period ending March 31, 2026, and assume an exchange rate of 1.0536 for the three-month period ending March 31, 2025.

(2,3) Adjusted EBITDA and Adjusted EBITDA Margin are non-IFRS financial measures. For important information on the Company's non-IFRS financial measures, see "Non-IFRS Financial Measures" below.

First Quarter 2026 and Recent Business Highlights:

   --  Extended Key Player Account Management ("PAM") Agreement in Europe: 
      Announced the extension of its existing comprehensive Player Account 
      Management ("PAM") platform and turnkey solution agreement with Senator 
      Group, an online casino market leader in Croatia. 
 
   --  Chosen as Preferred Content Delivery Partner Across a Multi-Brand, 
      Multi-Jurisdictional Portfolio: Building on an existing relationship 
      between the parties that began in 2020 and has already seen successful 
      launches in Romania, Belgium, Serbia and Brazil, Super Technologies 
      selected bragg as its preferred content delivery partner to support its 
      ambitious strategic expansion plan by providing fast access to quality 
      content, while also delivering on the necessary technical and compliance 
      readiness for demanding regulated territories. Soon thereafter, bragg 
      announced its role in supporting Super Technologies' successful launch in 
      the regulated Greek market through its flagship brand, Superbet, marking 
      a significant milestone in bragg's ongoing global expansion strategy. 
 
   --  Positioned for Finnish Market Liberalization: Signed a comprehensive 
      PAM platform and turnkey solution agreement with SuomiVeto, a market 
      entrant led by the successful founders of BetCity.nl, that will see bragg 
      provide SuomiVeto access to a vast portfolio of exclusive and aggregated 
      casino games, a fully managed sportsbook, award-winning fuze$(TM)$ player 
      engagement tools, and comprehensive managed marketing and operational 
      services in the newly regulated Finnish iGaming market, which is 
      scheduled to "go live" for private operators on July 1, 2027. 
 
   --  Leapt into an Artificial Intelligence ("AI")-First Future: Initiated 
      the development of the bragg AI brain, a data-driven AI engine designed 
      to power smarter decisions and intelligent products across bragg's 
      ecosystem in order to reduce the Company's overall cost structure, drive 
      its EBITDA growth, and move it toward sustained net profitability. 
 
   --  Strengthened Leadership Team and Changed Board: Appointed Morten 
      Tonnesen as its new Chief Operating Officer, with a mandate that includes 
      driving operational leverage and implementing bragg's ambitious AI-First 
      transformation, and promoted Garrick Morris to the position of Executive 
      Vice President of Global Content, U.S. & Canada, with a focus on content 
      expansion. In addition, Thomas Winter, a gaming industry luminary, was 
      appointed to bragg's Board of Directors, succeeding Kent Young, who 
      retired from the Board. 
 
   --  Executed a Strategic Restructuring to Reduce Cost Structure and Improve 
      Operating Performance: Completed a strategic restructuring, including an 
      approximate 12% reduction of global workforce, designed to realign the 
      organization and thereby improve its overall cost structure, drive its 
      EBITDA growth, and shorten the time required for it to achieve sustained 
      net profitability. The Company incurred restructuring costs related to 
      this action of approximately EUR0.7 million (US$0.9 million) associated 
      with personnel-related termination costs in the first quarter of 2026, 
      and it anticipates annualized cash savings from its staff reductions and 
      other restructuring efforts to be approximately EUR4.5 million (US$5.2 
      million). 
 
   --  Ensured Greater Board Alignment with Shareholders: From January 1, 
      2026, fees are being paid to directors exclusively in deferred share 
      units (DSUs) on a monthly basis (with no cash alternative). 
 
   --  Entered into Agreement for a Transformational Acquisition: Earlier 
      today, announced entering into a binding agreement to acquire Drayton 
      International ("Drayton"), a diversified gaming technology and content 
      platform. In conjunction with the closing of the transaction, renowned 
      gaming entrepreneur, Matthew Davey, will join the Company's Board as 
      Non-Executive Chairman, further strengthening the Company's leadership as 
      it executes its next phase of growth. 

Matevž Mazij, Chief Executive Officer for bragg, commented, "We continued to execute well across our business in the first quarter. But in many ways, I believe we are only just approaching the starting line as we work to complete our potentially transformative transaction with Drayton, which we believe will position bragg to lead the future of the global gaming industry with the right team, the best technology, a refreshed brand, and a clear 'games-first' focus."

For additional information on bragg's acquisition of Drayton, including information regarding forward-looking statements and risk factors related to the transaction with Drayton, please refer to the Company's press release dated May 14, 2026, a copy of which is available under the Company's SEDAR+ profile at www.sedarplus.ca and under the Company's EDGAR profile at www.sec.gov/search-filings.

2026 Outlook

The Company continues to anticipate full year 2026 revenue between EUR97.0 million and EUR104.5 million and Adjusted EBITDA of EUR16.0 million to EUR19.0 million (representing an Adjusted EBITDA Margin of 16.0% to 18.0%).

bragg noted that these amounts do not include any potential revenue and/or Adjusted EBITDA impacts from the planned Drayton acquisition.

Investor Conference Call

The Company will host a conference call today at 8:30 a.m. Eastern, and management will discuss the financial and operational performance of the company. A presentation of these results will be made available to download at: https://investors.bragg.group/events-and-presentations/presentations/default.aspx

To join the call, please use the below dial-in information:

USA / International Toll +1 (585) 542-9983

USA / Canada Toll-Free +1 (833) 461-5787

Canada Toll +1 (365) 657-4084

United Kingdom Toll +44 117 389 0104

United Kingdom Toll Free +44 808 196 8935

Conference ID: 267144801

The call will also be broadcast live and archived on the Company's website in the Investors section here.

About bragg

Bragg Gaming Group, "bragg" (NASDAQ: BRAG, TSX: BRAG) crafts igaming environments that elevate player experiences. By combining battle-tested regulatory expertise with smart technology and captivating games and gaming worlds, bragg delivers a proven revenue engine for operators and an unforgettable experience for players.

The bragg product suite includes:

   --  casino games: Featuring bragg studios game experiences, as well as 
      aggregated and bespoke IP crafted for bragg by partner studios. 
 
   --  fuze(TM): Real-time behavioural intelligence that maps player journeys 
      to reduce churn and maximize lifetime value. 
 
   --  bragg hub: A single integration aggregating the industry's best games 
      from bragg's premium in-house studios and third-party games houses. 
 
   --  bragg PAM: A proven, scalable platform that simplifies operations 
      across markets. 

Licensed and operational in 30+ regulated markets globally, including the U.S., Canada, LatAm, and Europe, bragg is engineered for igaming players and built for operator growth.

Cautionary Statement Regarding Forward-Looking Information

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May 14, 2026 07:30 ET (11:30 GMT)