There are some minor differences in how it's used by native Italian speakers compared to how it's used in the US and other English speaking countries, though.
1. the word "bravo" in the US is mainly used in the context of artistic performances and public exhibitions (or, with a touch of irony, in informal speech), while in Italian it can be used more generally to denote someone's ability in some area or specific well-doing (see examples below).
2. in the US "bravo" is essentially used as it were an interjection and it's rarely conjugated, while in Italian it is an adjective and as such it must be conjugated:
bravo ---> male, singular
brava ---> female, singular
bravi ---> male, plural
brave ---> female, plural.
Strictly speaking, it's a mistake to say "Bravooo!!" while applauding the performance of a female violinist or of a male rock band: you should say "brava!" in the first case and "bravi!" in the second.
Angela è brava a suonare il piano ( = Angela is good at playing the piano)
Braviii!!! (applauding the Kronos String Quartet)
Braveeee!!! (applauding the female cheerleaders)
A Bravo gets More credit/Consideration than a Fuck Buddy but doesnt Have the Gayness and restraints of a committed relationship
(After which the unknowing friend inconspicuously glances about to see what she looks like.