Evolution Gaming Releases Third Quarter Financials

This story was published more than 5 years ago.

Live dealer specialist Evolution Gaming has posted their third quarter financial results, showcasing higher revenues and profits.

Key financial indicators for the quarter ending September 30th, 2018 were:

  • Revenues of €64.3 million, up 41% from the year prior
  • Earnings of €28 million, up 28% from the year prior
  • Profits of €21.2 million, up 27% from 2017
  • Profit margin down 4% to 33%

Evolution now has nearly 500 live gaming tables across their platform, and the company has added nearly 100 tables over the past year. The company also revealed that their full time employees grew 44% to 3,970, with total employees at 5,257. The company recently launched in the United States, having begun offering products in New Jersey. The company claims that their new Atlantic City studio is the biggest achievement for the company in the prior quarter.

Commenting on Evolution's performance CEO Martin Carlesund said, "The third quarter of the year exhibited continued high demand and good growth. Revenue amounted to EUR 64.3 million, corresponding to an increase of 41 percent compared with the third quarter of 2017. EBITDA amounted to EUR 28.0 million with a margin of 43.5 percent. The margin was impacted by a faster- than-expected growth in the number of tables. We had approximately 500 tables live at the end of the quarter and we expect continued high expansion going forward. We further expect the margin to improve somewhat in the fourth quarter, while the full year number will be in the lower end of our earlier expectations."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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1 November 2018 - 1:26pm

The live dealer sector could only grow for the next few years to come I believe, because of the increasing number of players who have been attracted by it.
The Evolution outstanding numbers showing just that for the past year compared to the year prior and that would probably continue.

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2 November 2018 - 4:21am

Evolution Live Game is one of the best live dealers' games.

But, actually, I want them to prolong the betting time like 25 seconds or more.
They seem to give less than 20 seconds, which is too short.