Despite all the difficulties in 2022, Evolution still made a profit in practically all financial sectors. There was no shortage of obstacles, so much so that the company's spokesperson specified that the results were achieved despite the complexities present in the industry.
Evolution’s Revenues are now Growing
Among the main problems listed by Evolution's CEO were issues such as the war in Ukraine, a constant rise in prices, inflation, a sharp drop in customer confidence, and the COVID-19 pandemic effects. All these factors have negatively affected the economic recovery after the damage suffered in the past.
However, according to Mr. Carlesund, 2022 was profitable for the company, which overcame significant challenges and improved in all areas. This particularity was demonstrated by the key financial figures provided by our brand.
Plans for the Future: the Words of Mr. Carlesund
In addition, 2023 is also set to be a year of growth, as the corporation will develop new projects designed to meet even the most particular customer needs.
Martin Carlesund commented:
The employees of our agency are true professionals who have managed to fulfil their tasks with great competence. Thanks to their effort, we could do an excellent job under challenging conditions.
We will publish more than 100 new titles in 2023, some of which were presented at the ICE fair. Our future games will improve the experience for players further and give them new satisfaction in 2023.
Our values will remain the same: we will strive to be the best version of ourselves, trying to reach higher peaks. Every day we will attempt to express our best sides to increase the distance between our competitors and us.
The Financial Results
The financial figures for the year 2022 were published by Evolution, and the profit was € 1.46 billion, an incredible increase of 36% compared to the previous year.
The live casino recorded the highest earnings, it brought in an impressive $ 1.19 billion (an increase of almost 42% over the previous year). The strong growth was primarily due to increased commissions for new customers and all those who have already purchased casino gaming software.
Growth was also recorded in other areas, particularly in the RNG segment, whose profit increased by 17% to almost EUR 270 million.
Profits were also achieved thanks to the acquisition of NoLimit City in August 2022. This brand became the fourth to enter the Evolution company, after NetEnt, Big Time Gaming, and Red Tiger, which were also acquired in previous years.
Evolution's Expenditure in 2022
Expenditure also grew significantly to a total of almost EUR 550 million, an increase of 32.3% compared to 2022. Nevertheless, the company still recorded an excellent pre-tax profit of practically EUR 907 million, 40% more than the profit in 2022.
The company also paid taxes, which amounted to EUR 63 million for 2022, which is why the final earnings were EUR 843 million, and the growth after taxes was 39.3% compared to 2022. To this should also be added interest and depreciation, which further increased the 2022 profit to 37.3% compared to 2021.
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