Evolution Gaming revenue sees 47% growth for Q3

EBITDA increased 73% for the period, at €48.5m, while overall profit was €39.8m, an 87% rise.

Operating revenue for the year-to-date was €259.8m, up 48% from 2018.

Evolution Gaming experienced its highest growth in the Asian and North American markets, but insists the live casino vertical continues to grow in Europe despite entering “a more mature phase” in some regulated markets.

The operator sees room for future growth in its Pennsylvania gaming license acquisition and partnership with Flutter Entertainment, which it intends to develop over time.

Martin Carlesund, Evolution Gaming CEO, said: “I am very satisfied to report consistently strong results for the third quarter.

“Our investments in new games and studios are having an increasingly strong impact, which is reflected in both the high growth as well as stronger margins.

“In addition, we now see clearly we are reaching completely new player types, who to a large extent are playing live games for the first time.”

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Owain Flanders

Journalist

Owain Flanders is a journalist who spent over a year with Gambling Insider, first joining as an Editorial Intern in August 2019 before progressing to Staff Writer from November 2019 to December 2020. During his tenure, he covered a wide range of developments across the global gambling and iGaming sectors, producing original news stories, in-depth features and analytical pieces for the Gambling Insider website and its bi-monthly magazine.

Owain interviewed CEOs, analysts and senior marketing executives on emerging trends, regulatory issues and commercial strategy, bringing authoritative insight to a professional B2B audience.

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