Evolution Gaming's profit reached € 429 million in the 1st quarter. An increase of 31.5% signifies a positive trend that does not seem to decline by the end of the year.
Financial Situation
Evolution revealed its recent business success, mainly determined by the growing market demand. More people are looking for high-quality gaming content. And the top software supplier knows how to keep the audience entertained.
The company’s profit for the same period in 2022 was estimated at € 229 million. A 30.7% increase could also be described as a good result. But it is low compared to the current situation.
The revenue shares in 2023:
- 83.8% (€ 360.1 million) comes from live dealer games;
- 16.2% (€ 69.5 million) stays generated by RNG slots.
Evolution’s representatives explain the success with the related growth factors such as market expansion and product diversity. Players across the world force gaming providers to deliver more slots with appealing features. Evolution has been extremely efficient in this.
RNG software does not demonstrate dynamic growth. To achieve better results, the company has to make an extra effort to promote the given segment. Despite growing costs and other external challenges, Evolution tries to reach excellence in everything. It is determined to deliver high-quality content in a profitable way.
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