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NEWS 14 February 2019

Evolution Gaming grows full-year revenue by 38%

By Matthew Enderby

Evolution Gaming increased its operating revenues by 38% to €245.4m ($287.5m) in 2018.

Rising to €107.7m, EBITDA grew by 34% for the supplier, with profit for the period amounting to €83.5m (a 26% increase).

Earnings per share also reached €2.32, a 34% increase, while Q4 earnings per share amounted to €0.71, a 42% rise.

For the fourth quarter, Evolution Gaming saw operating revenues grow by 38% year-on-year to €70.2m.

EBITDA increased by 40% to €31.6m and profit for the period totalled €25.5m, a 42% increase.

Martin Carlesund, Evolution Gaming CEO, said: "We continue to grow in North America. During the fourth quarter, we went live with several new customers in the US, and just after year-end we also signed an agreement with a second customer in Canada.

"To further strengthen our position, we have also carried out Evolution’s first-ever acquisition. With the business of Ezugi, we further extend our footprint especially in the US, while also gaining more studio capacity and resources within product development."

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