Evolution Gaming the leading provider of live dealer casino solutions released its Interim Report for January -September of the present year. The report proves a continuous economic growth of Evolution for the indicated period and gives a hint for upcoming financial improvements.
Press release from the company’s website:
The third quarter of 2019 (Q3 2018)
- Operating revenues increased by 47% to EUR 94.7 million (64.3)
- EBITDA increased by 73% to EUR 48.5 million (28.0), corresponding to a margin of 51.2% (43.5)
- Profit for the period amounted to EUR 39.8 million (21.2)
- Earnings per share amounted to EUR 0.22 (0.12)
January-September 2019 (9M 2018)
- Operating revenues increased by 48% to EUR 259.8 million (175.2)
- EBITDA increased by 67% to EUR 127.1 million (76.1), corresponding to a margin of 48.9% (43.4)
- Profit for the period amounted to EUR 102.9 million (57.9)
- Earnings per share amounted to EUR 0.57 (0.32)
Events during the third quarter of 2019
- Positive effects from investments in games and studio capacity
- All geographic markets contribute to the high growth
- Pennsylvania Gaming Control Board license received
Live dealer , live Casino streaming
In the official press release published on the company’s website, CEO Martin Carlesund commented on the company’s last quarter financial results. He said that
he is very satisfied to report the continuous economic growth of the Evolution Gaming.
All the investments both into new live casino studios and gaming products resulted in higher growth and bigger margins. The company can also see a higher demand for its products on a global level.
With all the innovations that have been introduced, Evolution succeeded to reach new audiences who started to play live dealer casino games for the first time. Such gamers used to play completely different game variants, for example, slots. Because of the company’s expansion and creation of newest live casino studios Evolution Gaming is capable to satisfy a growing demand for Live Casino games.
The products of Evolution Gaming are highly demanded across the world. The company’s growth is, without any doubt, global. In the report for the 3rd quarter, the company broke the revenues per region proving the growth for every country they operate in. The company is experiencing the biggest growth in North America and Asia.
The expansion in these markets is expected to continue, as the operator is focused on new growth markets. In European regulated markets live casino industry is becoming more mature, however, the demand for live dealer casino products is thriving. The newest Evolution`s live studio in Malta is operational. The capacity of Georgian live dealer studio grew by twice. Another live studio located in New jersey also significantly increased its capacity.
Apart from that the Evolution’s focus on innovation and development of new products to satisfy the customer’s demand. At the end of the press release, Martin Carlesund makes a statement that he is quite confident about the future of the Evolution Gaming company.
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