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Evolution's Financials Leap 38% in 2018

14 February 2019 by Kingston Li

This story was published more than 2 years ago.

Live dealer betting firm Evolution Gaming announced their full year 2018 financial results, revealing that revenues surged 38% during the period.

Key financial indicators for the year ending December 31st, 2018 were:

  • Revenues of €245.4 million, up 38% from the year prior
  • UK operations accounting for 17% of group revenues
  • Nordic operations generating 9% of revenues
  • Other European markets generated 52% of revenues
  • The U.S. market generated 22% of revenues
  • Mobile markets made up 59% of revenues
  • Costs were up 38% to €156 million, largely due to personnel costs
  • Operating profit of €89.3 million, up 34%
  • Post-tax profit up 34% to €83.5 million

Speaking about the results Evolution CEO Martin Carlesund revealed: "All in all, we can look back at yet another amazing year in the Evolution history with expansion outside Europe and many successes in innovation and created customer value."

"With a new studio in Malta and all games that will be launched, I am confident that we are in excellent shape to continue increasing our market leadership going forward. In that context, we can also conclude that the first quarter has been off to a good start."

About the author

Kingston Li // Asia Correspondent
Kingston Li
Kingston is a big fan of Baccarat and Texas Hold'em Poker and has tested his skills in tournaments around Asia and the world. He covers the latest gambling news from Asia for Casino Listings. In his spare time, Kingston enjoys hiking, video gaming, and playing disc golf.
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bgsharpe
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15 February 2019 - 6:41pm
#1

The numbers definitely look to be fantastic for Evolution and no wonder really when over the past year we've read here at CL news section of so many new deals they were able to sign all across the world whether those have been on a new markets for them or at already concurred ones.

But they are definitely top of the charts in their respective sector which is a live dealer gaming.

krcoolsongss
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16 February 2019 - 6:47am
#2

I like Evolution Live very much.
But, the betting times are too short in most of table. It should be at least 20 seconds or more.

sharpe

bgsharpe
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16 February 2019 - 8:14pm
#3
coolsongss wrote:

I like Evolution Live very much.
But, the betting times are too short in most of table. It should be at least 20 seconds or more.

Do you think that's on purpose to give the house advantage while players should place stakes on a hurry or it's just not a very well considered feature from their side?

coolsongss

auCL-Ed
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18 February 2019 - 4:18am
#4

It is almost guaranteed to be because they want to push through more hands per hour. More hands per hour equals more profit. That is the big drawback of live dealer games from a casino operator's point of view: they are much slower than RNG games because they have to wait for all the players at the table to perform each action.

2 sharpe, coolsongss

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