Evolution, the world’s largest provider of live dealer games, reported operating revenues surpassing €500 million in the first quarter of 2024, reflecting a remarkable 16.7% increase year-on-year. The company’s Q1 report unveiled operating revenues of €501.5 million, marking a 5.5% rise from the previous quarter and outstripping the €429.6 million generated in the same period last year.
Elevating its performance further, Evolution witnessed a surge in earnings before interest, tax, depreciation and amortization (EBITDA) to €345.8 million, with an impressive margin of 69.0%. This figure represented a notable 15.2% increase compared to the corresponding quarter of the previous year. Moreover, EBITDA showed a 2.6% uptick from the preceding quarter’s total of €337.0 million. Despite a slight dip from the previous quarter, the company’s total profit for Q1 stood at €269.2 million, with earnings per share at €1.27.
Martin Carlesund, the Chief Executive Officer of Evolution, commended the company’s robust performance in Q1, underscoring its solid financial position and unwavering commitment to growth amidst various challenges. Carlesund affirmed Evolution’s readiness to sustain its upward trajectory, emphasizing the company’s dedication to investment and global expansion.
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