Evolution's Revenue Increased by 50%

29 april 2022
Author: James Burton
Source:
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At the beginning of the year, the Live Gaming and RNG business units showed quite successful results in terms of profitability. Evolution highlighted the significant prospects for their further development.

The popularity of live dealer games is not slowing down, and they continue to improve. The yield was 44% higher than in the last quarter. The participant base is significantly expanding as Evolution's main focus is always on meeting the needs of its clients.

Evolution's gaming revenue increased by 50%

Also, due to the addition of Big Time Gaming, RNG entertainment brought in 19% more profitability than the previous figures.

Profitability of the Company in Numbers

Geographically, Asian market revenue has doubled. In numbers, this is over 103 million euros. Thus, the game developer managed to break the stagnation in the markets of Great Britain and much of Europe. The situation is settled and balanced due to higher yields in the East and slightly fewer results in the West.

The state in regulated markets is stable. Evolution's revenue share remains at 40%:

  • The corporate profitability vector of the company reached 327 million euros.
  • Financial items brought the company 4.3 million euros.
  • After paying taxes, the profit amounted to 197.7 million euros.
  • The enterprise fixed an EBITDA of 230 million euros.

Evolution is steadily and successfully expanding the catalogue of its games, presented on partner resources. In terms of profits, the company does not deviate from the main goal — to grow faster than the overall global online casino market.

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