Evolution sees 40pct revenue increase during 2Q18

Evolution Gaming revealed its Interim Report for the second quarter and informed improved revenues, EBITDA, profit and earnings per share.

Sweden.- Online gambling company Evolution Gaming published its Interim Report for January-June 2018 and revealed a strong performance for the second quarter and the first six months of the year. The company posted an operating revenues increase of 40 per cent to €59.3 million during the second quarter (up 35 per cent during the first half of 2018) and a 36 per cent increase to €26.2 million in its EBITDA (33 per cent for the six months to June).

Furthermore, the company showed profit rose 14.6 per cent during the second quarter to €20.1 million (up 27.4 per cent for the half), while earnings per share rose 0.41 per cent to €560,000 (up 0.76 per cent for the half).

“In addition to our focus on the World Cup during the quarter, we made clear progress with our initiative in New Jersey, with several new customer agreements and activities associated with our new studio in that market,” CEO Martin Carlesund said.

“With half of 2018 behind us, I can state that we are continuing to deliver on our ongoing mission to continuously extend the gap between us and our competitors. Evolution’s operations are becoming increasingly global, with over ten years’ experience of delivering the best Live Casino services to both pure online operators and land-based casinos in a growing number of markets,” he added.