Evolution Touts Strong Second Quarter 2016 Financials

Live dealer betting software developer Evolution Gaming Group AB has released their second quarter 2016 financial results, noting another surge in revenue.

Key financial indicators for the second quarter ending June 30th, 2016 were:

  • Revenue amounting to Euro 27.1 million, up 50% over Q2/2015 of Euro 18.1 million.
  • Profit amounted to Euro 7.6 million (Q2/12015: Euro 5.9 million).
  • Earnings per share rose to Euro 0.21 (Q2/2015: Euro 0.16).
  • EBITDA increased by 38% to Euro 10.6 million (Q2/2015: Euro 7.7 million), corresponding to a margin of 39% (Q2/2015: 42 percent)
  • Mobile penetration amounted to 40% (Q2/2015: 24 percent)

Commenting on the performance Evolution Gaming CEO Jens von Bahr said, "As in the first quarter, the expansion is mainly being driven by existing customers. We expect continued high demand for our services throughout the remainder of the year."

Evolution has seen rapid growth over the past few years, inking content supply deals with several large online operators, including Guts, Mr Green, Redbet, and Betsson.

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bgsharpe
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23 August 2016 - 8:50pm
#1

Really impressive numbers for Evolution but it's not a strange thing when it comes to a live play, obviously more and more punters using this kind of betting and those results seems logical when we know that.

lvblck
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23 August 2016 - 10:52pm
#2

I was expectig great results from them as they have launched impressive deals with Netent and Microgaming casinos so the fact that they are doing so good was expected. Still congratulations, but I have to say, I know a thing or two about Evolution and Playtech live casinos but I don't really play there.