Evolution, the global leader in live dealers, announced impressive growth in operating revenues in the first quarter of this year, exceeding the €500 million mark.
Revenue expansion
Evolution's operating revenue for the first quarter reached 501.5 million euros, up 16.7% from the same period last year. This growth comes against the backdrop of rapidly growing demand for the company's services.
Evolution's EBITDA also increased, reaching €345.8 million with a margin of 69.0%. This represents an increase of 15.2% compared to last year. The company's profit amounted to 269.2 million euros, which, although lower than the previous quarter, still confirms stable financial growth.
Optimistic prospects
Martin Carlesund, CEO of Evolution, expressed satisfaction with the company's results and highlighted the potential for further growth. He emphasized that the company is in an excellent financial position and is ready to expand its global activities.
Growth of the live casino segment
There was significant growth in the live casino sector of 19.8% year-on-year and additional revenue of €25.7 million compared to the previous quarter. This indicates increased interest in Evolution's services and strengthens their position in the market.
Future plans
Evolution plans to continue investing and expanding its global operations by opening new game studios around the world. Among the priorities are the opening of new studios in Colombia and the Czech Republic this year.
Global Performance: Progress in all regions
The company is seeing growth in all regions, including strong growth in Europe and strong growth in Asia. Partnerships with companies such as Fanatics and Caesars Digital strengthen Evolution's position in the global market.
Following a strong first quarter, Evolution reiterates its full-year guidance and is committed to further expansion and innovation. The company's revenue growth and financial performance confirm its leading position in the live dealer market and its position for future growth.