Evolution, an innovation-focused provider of live casino products, has released a financial report for its operations in Q2 2025. The document revealed that revenue rose by 3.1% YoY.
Nevertheless, the company’s profits have dropped. The decrease was primarily due to regulatory challenges in the European market.
Key Figures from the Report
The developer has presented the following data for the 2nd quarter:
- net revenue — €524.3 million (€15.9 million more than last year);
- EBITDA — €345.3 million (almost the same indicator);
- profits — €248.3 million (€20.8 million less).
For the 6 months ending in June, the company’s turnover climbed 3.5%, reaching €1.05 billion. Meanwhile, EBITDA and earnings after all deductions dropped to €687.2 million (-€4.4 million) and €503 million (-€35.3 million), respectively.
The company’s CEO noted that these results turned out to be unsatisfactory for the corporation. Nevertheless, in Martin Carlesund's opinion, Q2 figures align with the studio’s expectations from the previous reporting period, considering business issues in some global markets.
Challenges in Europe
The supplier started to ring-fence offers in the region after the UKGC detected that its content was accessible to British gamblers via unlicensed platforms. Evolution’s CEO stated that those measures have had a substantial impact on the company's finances even outside the country.
Mr Carlesund feels optimistic about resolving the issue, emphasising the importance of structuring regulatory parameters, though. He believes that an exceedingly controlled industry risks ending up with worse user protection and churn of legal businesses. Only a balanced approach can support both player safety and healthy competition.
Situation in Other Markets
The CEO has also revealed the state of affairs in other parts of the world:
- Asia. The corporation proceeds to combat cybercrimes and video stream hijacking.
- Brazil. The provider has opened a new studio for live broadcasts in São Paulo.
- The US. A game-transmitting venue will be set in Michigan’s Grand Rapids.
Mr Carlesund called the Q2 figures rather modest, yet in line with forecasts from the 1st quarter. The team is confident that H2 2025 will be significantly stronger, thereby expecting a full-year EBITDA margin to be 66% to 68%.
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