Evolution publishes its January - September 2022's results

Total revenues amounted to EUR 378.5 million, an increase of 37.1 percent compared to last year. EBITDA amounted to EUR 261.0 million, corresponding to a margn of 69 percent. For the nine-month period, the EBITDA margin was 69.5 percent. 

Live Casino reported a continued rapid growth of 45 percent in the quarter. They continue to see very strong global demand for their new as well as existing products and we are increasing market shares and our distance to competitors. The roll-out of the full product suite to all regulated markets continues. 

Total RNG revenue increased by 11 percent compared to last year, including the acquired Nolimit City business, comparing to pro-forma figures growth year-on-year is 2 percent. This is not yet satisfactory. "We have delivered too few slot games during the past period, however we remain fully committed to the target of double-digit growth. We continue to see great potential in OSS and are now focusing on accelerating rollouts. on the road to double digit growth, we will continue to see fluctuating quarterly perfomance, as ealier stated the development will not be a straight line". 

During the quarter, they completed this acquisition of Nolimit City and the acquisition is fully consolidated in the third quarter. Their game shows continue to attract players, and in this quarter, they introduced a bingo-style live game show called MONOPOLY Big Baller, also new in this quarter is Crazy Coin Flip, a game combining both Live and RNG game mechanics. Also the provider of online casino introduced a new addition to the live Roulette family called Gold Bar Roulette, in which a spectacular studio and some fresh game features take Roulette to a new exiting level.