Evolution Posts First Quarter Financials

Evolution, the online gambling behemoth that provides live dealer titles and owns multiple slot developers, has posted its first quarter financials. The company noted that revenues grew 16.7% from last year, eclipsing €500 million during the period.

Key financial indicators for the quarter ending March 31st, 2024 were:

  • Operating revenues of €501.5 million
  • EBITDA up to €345.8 million, with margins of 69%, up 15.2% from last year.
  • Total profit was €269.2 million
  • Earnings per share €1.27
  • Live casino gaming revenues up 19.8% from last year
  • RNG revenues of €70.1 million, with more than 20 new slot games released during the period

Commenting on the performance, Evolution CEO Martin Carlesund said: "Evolution is a growing, strong, profitable, all-equity funded company. In recent years our solid financial position has enabled us to remain focused on growth through periods of geopolitical uncertainty, a pandemic and rapid increases in interest rates.

"We will continue to invest and expand our global operations and come to work hungry, ambitious, and excited for what more we can achieve."

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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