Evolution Gaming sees 54% revenue growth for Q1

Evolution Gaming has released its trading update for Q1, reporting operating revenue of €79.3m ($88.4m), a 54% year-on-year increase for the supplier.

evolutiongaming

Evolution’s EBITDA also saw a growth of 64%, rising from €22m to €35.9m.

For Q1 2019, the company’s total profit amounted to €28.6m, up 73% from €16.5m.

Evolution launched 10 new games at ICE London in February, equalling the supplier’s record amount of game launches in one single year.

During Q1, the company went live with customers such as DraftKings in the US, Lotoquebec in Canada and Svenska Spel and ATG in Sweden.

Evolution CEO Martin Carlesund said: "Throughout last year, we expanded studio space as well as customer environments and the number of tables in line with the increasing demand from our customers, and we can now see how all of this pays off.

"It is our assessment that live casino as a product vertical will continue to take market shares in 2019 and why we consequently will continue to invest based on our customers’ demands in our studios also going forward."

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