Evolution, a leading live casino supplier in the gaming industry, has reported a robust increase in its financial performance for the second quarter of 2024. The company disclosed that its operating revenue soared to €508.4 million, marking a 15.9% increase year-over-year. This surge has propelled the company’s revenue for the first half of 2024 past the €1 billion milestone.
The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) also experienced significant growth, increasing by 10.9% from the same period last year to €345.8 million. This growth contributed to a half-year EBITDA of €691.5 million, up 13% year-over-year, with an EBITDA margin standing at 70.3%.
Despite these strong earnings, Evolution reported a slight dip in profit margins, which decreased to 52.9% in the second quarter from 59.9% in Q2 2023. Nonetheless, the absolute profit for the quarter rose by 1.9% year-over-year to €269.1 million, with a half-year profit up by 4.5% to €538.3 million.
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