Evolution Posts First Quarter 2021 Financials

Gaming giant Evolution has published its first-quarter 2021 financials, noting that revenues and profits hit record highs after integrating NetEnt late last year.

Key financial indicators for the first quarter ending March 31st, 2021 were:

• Revenues of €235.8 million
• Live casino revenues up €183.6 million
• Random Number Generator revenues of €52.2 million
• North American revenues up 204.2% from last year
• Nordic revenues up 164.5%
• Asian revenues up 155.8%
• UK revenues up 116.2%
• European revenues up 74.1%
• Other market revenues up 67.5%
• Operating expenses came in at €94.2 million
• Operating profits up 147.9% to €141.65 million
• Taxes paid of €8.7 million
• Financial expenses of €953,000
• Final profits of €132 million, up 143.6% from last year

Commenting on the performance Evolution CEO Martin Carlesund said, "The positive trend from 2020 continues in to the first quarter of 2021 where we see a good momentum both in terms of growth and profitability.

"We can already see good results from this work in the first quarter, and I believe that we are well-set to continue to capitalise on the growing interest in online casino world-wide."