Evolution Group AB CEO Martin Carlesund told analysts during the game developer’s full-year 2025 earnings call on Thursday that he was “not happy” with its Q4 performance in Europe. “There is instability in the market, and some countries are not developing as we want,” he said. He blamed low channelization on sequential decline for the continent.
“There is a situation in Europe where channelization drops to 50% in some countries. That affects us as we only supply 50% of the market,” Carlesund added.
Europe revenues dropped 8% year-on-year to €366.7 million [$431.8 million] in Q4 2025. Evolution did not provide a full-year revenue breakdown by region.
Carlesund said he believed the supplier has “the strongest ring-fencing measures in place among all [the sector’s] suppliers”, but he also put losses down to “regulated markets losing ground”.
