Mobile growth strengthens Evolution’s Q2 results

By Caroline Watson
Evolution Gaming has posted its financial results from the three months ending 30 June 2017, showing positive figures which have been accredited to the success of the company’s mobile gaming operation.

Operating revenue in the second quarter came in at €42.3m ($49.3m), an increase of 56% on the €27.1m collected in the year-prior.

Earnings before interest, tax, depreciation and amortisation (EBITDA) also hiked 81% year-on-year to €19.2m, with profit climbing from €7.6m to €14.6m

Martin Carlesund, Chief Executive of Evolution, comments: “I am very pleased to be able to sum up an eventful quarter with positive development in several areas; the favourable momentum of the past quarters continued into this period, with a strong and steady growth for all products.

“It can be noted that gaming revenues generated on our platform using mobile devices exceeded 50% for the first time in this quarter.

“We are seeing continued live casino initiatives among all of our customers, who are also marketing their offerings towards end users to an increasing extent.

“Land-based casinos continue to show considerable interest for our converging product ‘Dual Play Roulette’; our latest installation, which is available for our entire licensee network, can be found at Grand Casino Bucharest.

“Finally, I am happy to announce that, after the end of the period, we have been given the all-clear to establish our next major studio in Tbilisi in Georgia.

“From this studio, we will continue to expand, offering our services to additional customers and markets.”

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