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NEWS 19 July 2018

Evolution Gaming sees 40% revenue growth in Q2

By Jake Patel

Evolution Gaming have released their figures for Q2, reporting an increase in operating revenues to €59.3m ($68.8m) marking a 40% year-on- year increase for the operator.

Evolution's EBITDA also saw an increase by 36% from last year to €26.2m ($30.3m) despite a lower margin of 44.2% compared with last year’s 45.5% margin.

For the Q2 period, Evolution's entire profit has amounted to €20.1m ($23.2m).

Evolution CEO and Co-Founder, Jens von Bahr, said: “I am pleased to be able to sum up a quarter with much new progress, both within the framework of ongoing investments, as well as in ongoing customer processing and marketing. Revenue for the quarter amounted to €59.3m, corresponding to an increase of 40% compared with the second quarter of 2017.”

"As this report is being published, the FIFA World Cup has just ended – and the second quarter was largely characterised by the preparations for this major sporting event, with many new tables in our studios, followed by a high level of activity as the tournament began.”

Evolution is expecting 500 new tables to go live by the end of the year thanks to a growth in demand.

Mr von Bahr went on to say: “We see continued favourable demand for tables even after the World Cup, and expect to have a total of more than 500 in operation at the end of the year.”

The supplier is also expecting to see an influx of new customers and is making preparations for the launch of a new studio in New Jersey in Q3.

 

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