2020_8_pragmatic.gif
2020_8_pragmatic.gif
2020_8_pragmatic.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2020 AffiliateCon
NEWS 12 February 2020

Evolution Gaming revenue up 51% for Q4

By Owain Flanders

Evolution Gaming saw revenue of €106m ($115.7m) for Q4 2019, a rise of 51% year-on-year.

The online casino supplier saw EBITDA of €55.8m for the same period, an increase of 77%, while total profit amounted to €46.8m, up 84% from the previous year.

In total for the full year, Evolution Gaming generated revenue of €365.8m, an increase of 49% from 2018.

Total EBITDA was €182.9m for 2019, an increase of 70%, while the supplier’s profit was €149.7m, a rise of 79%.

Evolution Gaming attributed its strong performance to good leverage made from investments throughout the year, in addition to the signing of new customers and expansion in North America.

In 2019, Evolution signed a number of partnerships with operators, including Flutter Entertainment, Parx Casino and Penn National Gaming.

Martin Carlesund, CEO of Evolution Gaming, said: “I am very satisfied to be able to present another strong quarter which summarises a successful 2019 for Evolution.

“The products we launched during the year – including new titles in the game show category – in combination with a continued strong market development and global demand, have contributed to a very high growth rate.

“To summarise, I am proud of what we have achieved in 2019, which has been an outstanding year from both a financial and operational perspective.”

RELATED TAGS: Online | Industry | Financial | Casino
DISCUSS THIS ARTICLE
IN-DEPTH 18 February 2020
A decade to remember
READ MORE

PREMIUM CONNECTIONS
1xPartners
Affiliate
1xPartners is the innovative and exciting affiliate program offered by 1xBet, one of the world's leading sportsbooks and casinos. Offering ...
ActiveWins
PR and Marketing
ActiveWin has ripped up the rulebook on the traditional agency prototype. Our model is based on performance - as you ...
Global Gaming Awards
Industry Awards
The Global Gaming Awards London recognise the most innovative companies and individuals of the gaming world. The Awards are powered ...
Efbet
Systems and Software
We have partnered up with deVRealm in a joint venture for the development of new gambling technology platforms. The primary ...
BetConstruct
Systems and Software
BetConstruct is a global award-winning technology and services provider for online and land-based gaming industry. BetConstruct's innovative and proven offerings ...
BBIN
Systems and Software
The Leading iGaming Software Supplier in Asia
Newgioco Group
Systems and Software
Newgioco Group, Inc. (OTCQB:NWGI) is a premier leisure betting technology company providing regulated online and land-based gaming and sports ...
NSoft
Systems and Software
NSoft is an award - winning internationally recognized software solutions provider for betting industry. The company has more than 200 employees ...
Digital Isle of Man
Legal and Jurisdictions
Digital Isle of Man is responsible for the thriving Digital sector in the Isle of Man, spanning the Island's international ...
Zimpler
Payments
Zimpler provides a complete In and Out payment solution for online services. That means we take care of identifying the ...