Evolution Gaming, which is a bra nd that everybody knows due to its incredible content and for being one of the top providers of live casino software, just revealed its interim report regarding January-September of this year. The brand is definitely proud of the achievements they’ve done in this time and they’ll keep doing the same in the future.
Third Quarter Milestones for 2020
This brand has made a lot of moves in order to become highly recognized in this industry. Just in the third quarter of the year, it recorded:
Raise in EBITDA by 87% to 90.7€ million along having a margin of 64.8%
Gains per share of 0.44%
Raise in operating gains by 48% to 140.0€ million
Profit during the same period of 79.4€ million
When looking at the 9 months, from January to September, it’s noticeable the following:
Gain per share were of 1.12€
Profit for this timeframe were 204.0€ million
Raise in operating revenues by 48% to 383.5€ million
Raise in EBITDA by 86% to 235.9€ million with a margin of 61.5%
What Evolution thinks about this growth
Martin Carlesund, who is the CEO at Evolution stated that he’s happy to report great results for the quarter. Revenue amounted to 140€ million, which is an increase of 48% when compared to the 3rd quarter of 2019. Regarding the EBITDA it amounted to 91€ million and had a margin of 64.8%.
This past quarter was definitely a period of incredible high activity for Evolution Gaming. By the end of this time, the brand is live with their first tables in both Kaunas, Lithuania and also in Pennsylvania, USA. They’re highly limited because of Covid-19. However, slowly, they’re returning to the quantity of tables they used to have before coronavirus.
He talked about Crazy Time, which was and still is one of their most successful and known live games at any online casino. It was released in July. It has been making a significant success in the market because of its format and also of the possibility to get incredible winnings. Then, the Instant roulette appeared and this had a fantastic success as well.
What Evolution aim for
The goals for Evolution are simple since they want to target the German market in the following period. They expect to receive licenses from 2021. These will include certification for online slots and also for a live casino. The brand is available nowadays in North America, specifically in Pennsylvania, and it has made several important arrangements with other brands to be able to offer players the best games and the best experience.
They’re also working on the expansion of their studio capacity. They’ve opened a small studio in Lithuania. This was after Evolution maxed out all the additional space in Malta, New Jersey, Tbilisi and Michigan. So now, they’ve to find more space.
Evolution definitely wants to expand their studios and they can do it very easily since they have everything to do it. They have an incredible team behind them that is able to do anything and something that’s highly important is to create more games, something that this brand does very often.
They put a lot of effort into their work and that shows on their games. If you have played one of them, then you might have noticed that. They have an incredible quality due to their high-end technology.