Published
Financial

Evolution Gaming operating revenue up 41%

Evolution Gaming has reported a 41% year-on-year increase in operating revenue for Q3 to €64.3m ($73.3m).

evolutiongaming

This year, Evolution’s EBITDA increased by 28% to €28m, corresponding to a margin of 44%, although this margin has fallen year-on-year from 48%.

Profit for the period also grew year-on-year from €16.8m to €21.2m, while earnings per share rose from €0.47 to €0.59.

For the period covering January to September, Evolution’s operating revenue increased year-on-year by 37% to €175.2m.

EBITDA grew 31% to €76.1m, corresponding to a margin of 43%, which again fell from 46%.

Year-on-year profit for January to September rose from €44.1m to €57.9m.

Evolution CEO Martin Carlesund said: "The third quarter of the year exhibited continued high demand and good growth.

"The margin was impacted by a faster-than-expected growth in the number of tables. We had approximately 500 tables live at the end of the quarter and we expect continued high expansion going forward. We further expect the margin to improve somewhat in the fourth quarter, while the full year number will be in the lower end of our earlier expectations."

Premium+ Connections
 
Premium

Galaxsys

 
Premium

Revsharks

 
Premium

1xBet Partners

 
Premium

Imagine Live

 
Premium

Digitain

 
Premium

Sport Generate

 
Premium

GammaStack

 
Premium

Lynon

 
Premium

PIN-UP Partners

 
Premium

RISK

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...