Evolution Posts First Quarter 2021 Financials

This story was published more than 3 years ago.

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."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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Location: Michigan
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27 April 2021 - 4:49pm

Dang, they're really chugging along. I know in Michigan Netent is present and I'd assume that Evolution is coming with live dealer games as soon as they're allowed here.

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2 May 2021 - 7:42pm

They are definitely a name to be reckoned with. And with the purchase of BTG I'm sure their numbers will only significantly grow.