Casino game provider Evolution Gaming released its first-quarter report Wednesday, reporting $536.2 million in operating revenue, up 16.7 percent compared with the $459.3 million last year.
“Our products have a global audience and in the first quarter we see growth both compared to the previous quarter and the first quarter 2023 across all regions,” said Evolution’s CEO Martin Carlesund. “In North America, we added a new client, Fanatics, and expanded our strategic relationship with Caesars Digital, which includes an additional studio in New Jersey. We also entered Delaware with our slot game offering.”
Total profit for the period reported was $287.8 million, up 7.2 percent from $268.5 million last year. Earnings per share before dilution came to $1.36, up 8.2 percent from the same period last year – $1.26. With a margin of 69 percent, EBITDA increased by 15.2 percent, from $320.9 million to $369.7 million.
Live casino revenue increased by 19.8 percent year-over-year, and RNG game revenue increased to $75 million.
“It is encouraging to see the good momentum from the end of 2023 carrying over into this year,” Carlesund said. “I want to thank the amazing Evolution team – that now exceeds 20,000 exceptionally dedicated persons – for this great start to the new year and their contributions to securing our future growth, and I look forward to seeing how we can continue to make Evolution a little bit better every day in 2024!”
Established in 2006, Evolution is a Swedish online casino developer offering live casino games, slots and more. The company serves more than 800 operators worldwide. After its recent Delaware launch, Evolution games are available in six of the seven U.S. igaming states.
