Promo Configurator
manager@casino-market.com
Copy
Attention!
It is important to enter the specified email manager@casino-market.com to avoid fraud.
Copied!
support.casinosupermarket
Attention!
It is important to enter the specified skype support.casinosupermarket to avoid fraud.
Copied!
en

Evolution CEO Discussed the Dynamic Growth of Slot Business

25 july 2023
Author: James Burton

Martin Carlesund, Evolution's CEO, reported the company’s revenue from slot content went up by 28.2% in Q2. More corporate data was also revealed to the public.

Total Progress Overview

Evolution’s CEO Martin Carlesund on Slot Business

Martin Carlesund highlighted the annual uprising revenue and net profit. It broke the EBİTDA margin, corporate earnings before excluding tax, interest depreciation, and amortisation, in Q2.

Despite the impressive performance, the company can do even better. The progress in slots revealed the possible areas of improvement. Thus, RNG operations are an area that requires functional transformations, which might lead to dynamic growth.

The financial data from Q2:

  1. Total business revenue during Q2 reached € 441.1 million, compared to € 344.0 million in the same quarter in 2022.
  2. Live casino profit made up € 371.8 million, mainly due to higher commission charges.
  3. RNG operations amounted to € 69.3 million.

Releases like Funky Time and modifications of classics determined the stable market demand. The solid product offering encourages more players to access Evolution’s content.

Martin Carlesund signified that 40% of all revenue was made in legal markets, a slight decline from Q2 of 2022. He mentioned the dominance of Europe as the primary distribution area. Regional products and services brought € 175.2 million in Q2. It was the largest share in operating locations.

Here are financial results across the world:

  • Asia — € 164.5 million;
  • North America — € 55.5 million;
  • Latin America — € 31.3 million;
  • other markets — € 14.6 million.

Total operating expenses turned out to be € 159.6 million, 23.3% higher than the previous year. The cost across all areas amounted to € 87.5 million. These costs were involved in Evolution’s strategic plan. So far, the company has managed spending accurately. It was not an easy thing to do due to increasing prices, which influenced operations.

Half-Year Growth

The first 6 months brought € 870.6 million to the owners. It was reported as a 29.8% growth compared to the previous year. The live dealer content became the major contributor with a € 731.9 million profit. The RNG’s share covered € 138.7 million.

Operating costs went up by 27.5% and made up € 317.7 million. The profit before deducting € 37.8 million in taxes covered € 553.1 million. Thus, the net income brought € 515.2 million, an increase of 29.3%. The EBITDA margin hit € 611.9 million, contributing to the growth trend.

Evolution’s representative revealed the company’s strong financial standing based on special terms. The latter offers the lowest dividend of 50% of net profit with long-term investments in tech innovations. That is how the software developer improves the iGaming content and user experience. With almost 18,000 specialists employed, there is a constant search for modern entertainment solutions.

Expand your gambling platform with modern software from premium vendors. Contact Casino Market's specialists to find the most innovative content for your target audience.

Order Service

Share via social media
 
Join our Telegram channel James Burton James Burton The Casino Market partner, the owner of the gambling establishments’ network

Have questions or want to order services?
Contact our consultants:

  • e-mail: manager@casino-market.com
  • Skype: support.casinosupermarket
  • feedback form.
Attention!

Check the information used to contact us carefully. It is necessary for your safety.

Fraudsters can use contacts that look like ours to scam customers. Therefore, we ask you to enter only the addresses that are indicated on our official website.

Be careful! Our team is not responsible for the activities of persons using similar contact details.

Do You Have Any Questions?
Consult our expert for free!
Enter your message
Type your message
Name
Enter your name
You need to fill in the captcha
Please confirm your agreement with our rules
DEMO
Promo
Configurator of a Casino
Request via Telegram
Download presentation
Share this
Configurator
Create your own unique gaming site absolutely free!
Assemble a casino
Discount for the connection of the provider
Evolution Gaming!
Get a Discount!
Evolution Gaming
Connect the demo of a gaming site!
Connect the demo of a gaming site!
Connect demo
By using this website you agree to use cookies as stated in
DEMO
Download Casino Market presentation
Learn more Download
Registration has been successful, thank you!
Here is something special for you