26 Apr

Revenue & Profits Soar at Evolution Gaming

Revenue evolves to new heights for world’s top live dealer casino platform, Evolution Gaming.

The live casino business has a been a lucrative one for its most valuable players; particularly Evolution Gaming, who kick-started the industry in 2006 with the introduction of the first platform capable of running seamlessly on moderately equipped systems. Now, more than a decade later, the company has gone global, and the dollar signs are twinkling like stars in a cloudless night sky.

Revenue Evolves to New Heights for Top Live Dealer Casino Platform

Pointing the attributive finger at last year’s lucrative investments and a throng of successful new game launches, Evolution has published a Quarter-1 revenue report that would make the Queen of England jealous. Revenue, earnings, margins, profits – every positive integer a business could hope for came in high, and none could be happier than the brand’s shareholders.

Money Rains for Top Live Casino Dealer

Revenue Evolves to New Heights for Top Live Dealer Casino Platform

If Evolution Gaming were to plant trees, they’d probably grow money. That’s how impressive the Swedish company’s figures have been lately. The release of its Jan-Mar 2019 interim report was discussed during yesterday’s earnings call with investors and board members, and I’ve no doubt every one of them was grinning ear to ear before it was over.

Year over year results saw revenue rise 54% to €79.3 million. EBITDA rose 64% to €35.9 million, with a brow-raising margin of 45.3%. Operating profits are up 69%, with overall profits for the period soaring 73% to €28.576 million YoY. Stakeholders saw earnings per share increase 73%, with an OCF per share of 192%.

Evolution CEO Martin Carlesund comments:

Evolution has been off to a strong start in 2019, both in terms of growth and profitability… With a favourable start to the year and with high confidence in the upcoming product launches, we currently see good conditions to finish in the upper end of the previously communicated range of 44-46 percent EBITDA margin for the 2019 full year.”

Evolution Gaming’s Revenue Catalysts

The company is attributing its impressive Q1 results to a number of positive factors. Carlesund points out the expansion of its studio space in 2018, enabling them to install a greater number of live dealer tables, thereby accommodating the growing demand of their customers. Evolution plans to continue on that path of success in 2019 with further expansions, anticipating similar results in the foreseeable future.

Revenue & Profits Soar at Evolution Gaming

Among the new games rolled out in Q1, Evolution launched the wildly popular Monopoly Live. Carlesund notes that title’s “historically strong start both in terms of player counts and gaming revenues,” attesting to what “we believe redefines the essence of Live Casino entertainment.”

During the first quarter, the live casino group accomplished a lot of valuable goals. Evolution rolled out 10 new games in February at the ICE exhibition in London, and successfully integrated its network of live dealer tables with a variety of new clients, including DraftKings in the United States and LotoQuebec in Canada, as well as Svenska Spel and ATG back home in Sweden.

Next up for release this quarter is Deal Or No Deal Live, another new title that’s sure to draw the masses. Combined with Monopoly Live and other titles in the works, the CEO says they are putting together what will become a whole new section of the Evolution games menu they refer to as Game Shows. “Our launch pipeline has never been as strong as it is now,” says Carlesund.

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