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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
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