Evolution Release Promising Q3 Casino Report
Live dealer iGaming specialists Evolution, previously known as Evolution Gaming, have unveiled their casino performance report for the third quarter of 2020. Not surprisingly, the numbers confirm what most already suspected; it’s been an excellent quarter for the company, better than most even anticipated.
The report, which covered the months between July and September, was nothing short of outstanding. It indicated enormous growth and excellent performance in virtually every vertical.
A statement released alongside the report expressed that the team behind Evolution is extremely proud of their achievements, and above all else, they aimed to sustain the upward trend into the future.
Third Quarter Highlights
Looking more closely at the numbers, Evolution certainly made enormous strides. Some of the report’s highlights include an incredible increase in operating revenues, profits, EBITDA and earning per share.
More specifically, operating revenues for the quarter sat at an impressive EUR 140.0 million. This is an increase of 48%, when compared to the same period for 2019. EBITDA sat at EUR 90.7 million, which is a staggering 87% increase. Profit overall was reported as EUR 79.4 million, while earnings per share sat at EUR 0.44.
Nine Month Highlights
If taking into account casino performance for January to September, the numbers are equally impressive.
Operating revenue was again reported to have climbed by 48%, landing at a bottom line of EUR 383.5 million, while EBITDA was up 86% to EUR 235.9 million. Profit sat comfortably at EUR 204.0 million, and earnings per share totalled at EUR 1.12.
A Period Of Exceptional Activity
With Evolution’s Q3 report having been released and receiving praise, company CEO Martin Carlesund elaborated on the figures. He first confirmed what most already knew; the impressive performance for the quarter was thanks mostly to exceptional casino activity, with more players than ever before turning to live online games. But, Carlesund continued, this boost in player interest was only part of the reason for the company’s exceptional quarter.
He pointed out that numerous new casino operations had also been established over the course of the year, including in the United States and Lithuania. Although the new operations were going well, he explained, they were still operating under strict limitations due to the ongoing world health crisis.
Carlesund then took a moment to sing praise for Crazy Time, the company’s latest live casino game, and a worldwide smash hit. The game was, he confirmed, a major contributor for the quarter, and continued to be extremely popular around the world.
With the CEO having clarified the impressive numbers, most are now asking the obvious question; what does Evolution have planned for the future? According to the Live casino specialists publicly available roadmap, it seems as if the studio’s sights are firmly set on Germany.
A spokesperson confirmed that the company will have secured German licenses by 2021, for both slots and Live Dealer casino games. So, no doubt, Germany is the next region in which Evolution will be looking to expand their already impressive network.