Evolution boasts 105% increase in operating revenue for Q1

By Gambling Insider

Industry giant Evolution’s operating revenue shot up by 105% for Q1 2021 to €235.8m ($284.7m) from the €115.1m gained in the first quarter of 2020.

The supplier's operating profit for Q1 this year increased 148% year-on-year to €141.6m.

EBITDA also rose to €160.1m, a 150% year-on-year rise; 2021’s EBITDA corresponded to a margin of 67.9%.

Profit for the first quarter reached €132m, up from Q1 2020’s profit of €54.2m. This meant the profit margin increased to 56.0% from 47.1% and earnings per share before dilution amounted to €0.62.

During this period, the company also completed a synergy project which successfully integrated NetEnt, after Evolution acquired the company late last year.

CEO of Evolution, Martin Carlesund, said: “The positive trend from 2020 continues into the first quarter of 2021 where we see a good momentum both in terms of growth and profitability.

“The integration of NetEnt has been successful. I am truly impressed by the work from our teams, who, without losing focus on the daily high-quality delivery, and in a very short time, have managed to merge both workflows and organisational structure.

“We can already see good results from this work in the first quarter and I believe we are well-set to continue to capitalise on the growing interest in online casino worldwide.”


Share This Post

More News

Gambling Insider was in attendance in Nice as Ballon d’Or and Champions League-winning ex-footballer Luís Figo signed an agreement with sportsbook and iGaming supplier Digitain. Under the slogan ‘cooperating with the legend,’...

As US gaming continues to grow, the payment solutions package provided by operators has become crucial in driving retention and lifetime player value. Why?   We discuss this all-important...