Record-Breaking 1st Quarter For Evolution
Evolution is one of the biggest providers of live casino entertainment in the world. With a portfolio consisting of table games and popular game shows such as Crazy Time Live, Evolution is also one of the most popular providers in India.
Last year the company went into a different segment of online gambling by purchasing NetEnt, another big game provider well known around the world.
This acquisition and a continuation of the positive trend the company had in 2020 has contributed to Evolution breaking their own records in Q1 of 2021.
First Quarter Of 2021 (Q1) Takeaways
- Operating revenues increased by 105% to EUR 235.8 million (115.1)
- EBITDA increased by 150% to EUR 160.1 million (64.1), corresponding to a margin of 67.9% (55.7)
- Profit for the period amounted to EUR 132.0 million (54.2)
- Earnings per share before dilution amounted to EUR 0.62 (0.30)
These are the key takeaways from Evolution’s Q1 report. The CEO of Evolution is obviously satisfied with the progress of the company. Here are some takeaways from the statement he made about the report.
— The revenues for the first quarter, including the acquired NetEnt business, increased by 105 per cent to EUR 235 million, compared to the first quarter of 2020. EBITDA increased to EUR 160 million, corresponding to a margin of 67.9 per cent.
— Our Live Casino business continued to show very strong year-on-year growth reaching 60 per cent in the quarter.
You can read more about this subject, including everything the CEO had to say in this statement from Evolution.