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NEWS 24 October 2019

Evolution Gaming revenue sees 47% growth for Q3

By Owain Flanders

Evolution Gaming revenue was €94.7m ($105.4m) for Q3 2019, an increase of 47% year-on-year.

EBITDA increased 73% for the period, at €48.5m, while overall profit was €39.8m, an 87% rise.

Operating revenue for the year-to-date was €259.8m, up 48% from 2018.

Evolution Gaming experienced its highest growth in the Asian and North American markets, but insists the live casino vertical continues to grow in Europe despite entering "a more mature phase" in some regulated markets.

The operator sees room for future growth in its Pennsylvania gaming license acquisition and partnership with Flutter Entertainment, which it intends to develop over time.

Martin Carlesund, Evolution Gaming CEO, said: "I am very satisfied to report consistently strong results for the third quarter.

"Our investments in new games and studios are having an increasingly strong impact, which is reflected in both the high growth as well as stronger margins.

"In addition, we now see clearly we are reaching completely new player types, who to a large extent are playing live games for the first time."

RELATED TAGS: Online | Industry
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