Live casino and slot game provider Evolution has reported net revenue of US$607.4 million for the second quarter, a 3.1% year-over-year increase.
Adjusted EBITDA for the period was recorded at US$400 million, a slight change from second quarter 2024. The EBITDA margin decreased nearly 3% year-over-year to 65.9%.
In Latin America, revenue increased 2.8% year-over-year to almost US$43 million. As part of its regional expansion, Evolution launched a new studio in São Paulo, Brazil.
North American net revenue reached more than US$85 million, up nearly 23% from the previous year.
Evolution recently entered the Rhode Island market through a partnership with Bally’s Corporation and plans to finalize its acquisition of Galaxy Gaming in the second half of 2025.
