07:30 AM EST, 11/13/2025 (MT Newswires) -- Bragg Gaming Group ( BRAG ) said Thursday that its net loss widened in the third quarter.

The company reported a net loss of 2.3 million euros, or a loss of 0.09 euros per share, for the three months ended Sept. 30, compared to a year-ago loss of 165,000 euros, or a loss of 0.01 euros per share.

Revenue increased 20% to 26.8 million euros while adjusted EBITDA was up 9% to 4.5 million euros.

"Our revenue growth was driven by exceptional performance in key strategic markets, with the U.S. and Brazil up 86% and 80%, respectively, highlighting our increasing scale in these high-potential regions," Chief Executive Officer Matevz Mazij said.

"The company is successfully navigating evolving international regulatory and taxation developments with a view to pursuing markets and jurisdictions that offer opportunities to higher margin business," Mazij added.

Bragg's share price fell 2% on Wednesday to C$2.89 on the Toronto Stock Exchange.