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OnlineCasinoFinancialIndustry

Live casino drives Evolution’s impressive growth

Evolution’s operating revenue increased by 69% for Q4 2021, pushing its full-year revenue over €1bn ($1.14bn).

GrowthWave

Driven by strong demand, Evolution’s live casino segment grew by 49% for the fourth quarter, leading a surge in operating revenue and continuing Evolution’s consistent growth trajectory.

In fact, live casino generated more than three quarters of Evolution’s revenue for the three-month period, amounting to €237.4m. Its random number generator (RNG) business, meanwhile, produced a more meagre but still impressive €62.9m, up 9.4% year-on-year.

Operating profit also experienced an impressive increase, rising by 118% for both Q4 and 2021 as a whole. For the fourth quarter, this came to more than €184m, while for the full year, Evolution’s operating profit amounted to €654m.

All-in-all, its fourth quarter operating revenue amounted to €300.2m, while its full-year revenue came to almost €1.07bn: a 90% increase.

“The fourth quarter 2021, with continued top-of-the-line results, reflects the strength in our scalable business model and the value of our strategy to focus on the player experience,” remarked Evolution CEO Martin Carlesund.

He added: “Top-line growth continued to be driven by strong global demand for live casino, but was also positively impacted by the increased revenue from the RNG business.”

This success came despite additional challenges posed by the pandemic, which Carlesund commented on.

“We exit 2021 with over 1,000 live tables, an increase of over 300 tables during the year, the largest increase in a single year,” he said. “This dramatic expansion would have been an accomplishment under normal circumstances, but taking into account the challenges posed by the pandemic, I am very proud.

“It is a testament to the talent, capability and determination that characterises the global Evolution team.”


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