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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).

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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."

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