{"id":86539,"date":"2022-10-27T11:09:29","date_gmt":"2022-10-27T14:09:29","guid":{"rendered":"https:\/\/igamingbrazil.com\/uncategorized\/2022\/10\/27\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\/"},"modified":"2022-10-27T11:11:24","modified_gmt":"2022-10-27T14:11:24","slug":"high-demand-for-live-casinos-drives-evolutions-quarterly-revenue","status":"publish","type":"post","link":"https:\/\/igamingbrazil.com\/en\/online-en\/2022\/10\/27\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\/","title":{"rendered":"High demand for live casinos drives Evolution&#8217;s quarterly revenue"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Evolution reported a 37% increase in revenue for the third quarter of the year, driven by a &#8220;high demand&#8221; for live <a href=\"https:\/\/igamingbrazil.com\/en\/casino-en\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"casino\">casino<\/a> content. The group generated 378.5 million euros (US$381 million) in operating income in the third quarter, up from 276 million euros in the prior-year period.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">EBITDA, in turn, increased by 35% to 261 million euros. However, this corresponds to a slightly lower margin of 69%, down from 70%. Operating profit, however, rose from 172 million euros to 236.4 million euros, an increase of more than 37%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Evolution&#8217;s bottom line also experienced solid growth. The group produced 221.3 million euros in profit for the period, an increase of 41% over the previous year and corresponding to a profit margin of 59%, up from 57%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Live <a href=\"https:\/\/igamingbrazil.com\/en\/casino-en\/2022\/10\/27\/hard-rock-project-is-stopped-in-spain-for-not-meeting-environmental-criteria\/\" target=\"_blank\" rel=\"noreferrer noopener\">casino<\/a> games accounted for the group&#8217;s strong revenue in the third quarter. In total, these generated 310.4 million euros, an increase of 45% compared to the 214.5 million euros recorded in 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;We continue to see very strong global demand for our new and existing products and are increasing market shares and our distance from competitors,&#8221; said Martin Carlesund, Evolution&#8217;s CEO.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">RNG (Random Number Generator) games accounted for the remainder of Evolution&#8217;s third quarter operating income, producing \u20ac68.1 million. However, this constitutes a modest increase of 11%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Carlesund commented on this: &#8220;Total revenue from RNG games is up 11% over last year, including the acquisition of Nolimit City, year-on-year growth is 2%. This is still unsatisfactory. We delivered few slot games during the period ; however, we remain fully committed to the goal of double-digit growth.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the first nine months of 2022, Evolution produced revenue of \u20ac1.05 billion, an increase of 37% when compared to the same period in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Evolution reported a 37% increase in revenue for the third quarter of the year, driven by a &#8220;high demand&#8221; for live casino content. The group generated 378.5 million euros (US$381 [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":86516,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3046],"tags":[3714,5832,8919],"class_list":["post-86539","post","type-post","status-publish","format-standard","has-post-thumbnail","category-online-en","tag-evolution-en","tag-quarterly-report","tag-revenue"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>High demand for live casinos drives Evolution&#039;s quarterly revenue - iGaming Brazil<\/title>\n<meta name=\"description\" content=\"Evolution reported a 37% increase in revenue for the third quarter of the year, driven by demand for live casino content.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/igamingbrazil.com\/en\/online-en\/2022\/10\/27\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"High demand for live casinos drives Evolution&#039;s quarterly revenue - iGaming Brazil\" \/>\n<meta property=\"og:description\" content=\"Evolution reported a 37% increase in revenue for the third quarter of the year, driven by demand for live casino content.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/igamingbrazil.com\/en\/online-en\/2022\/10\/27\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"iGaming Brazil\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/igamingbrazil\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-27T14:09:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-27T14:11:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/igamingbrazil.com\/wp-content\/uploads\/2022\/10\/Alta-demanda-por-cassinos-ao-vivo-impulsiona-receita-trimestral-da-Evolution-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lucas Silva\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@iGamingBrazil\" \/>\n<meta name=\"twitter:site\" content=\"@iGamingBrazil\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucas Silva\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2022\\\/10\\\/27\\\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2022\\\/10\\\/27\\\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\\\/\"},\"author\":{\"name\":\"Lucas Silva\",\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/#\\\/schema\\\/person\\\/67f3b30ffdc2a8b43e04008ade5fcb12\"},\"headline\":\"High demand for live casinos drives Evolution&#8217;s quarterly revenue\",\"datePublished\":\"2022-10-27T14:09:29+00:00\",\"dateModified\":\"2022-10-27T14:11:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2022\\\/10\\\/27\\\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\\\/\"},\"wordCount\":274,\"publisher\":{\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2022\\\/10\\\/27\\\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/igamingbrazil.com\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Alta-demanda-por-cassinos-ao-vivo-impulsiona-receita-trimestral-da-Evolution-1.png\",\"keywords\":[\"Evolution\",\"Quarterly report\",\"Revenue\"],\"articleSection\":[\"Online\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2022\\\/10\\\/27\\\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\\\/\",\"url\":\"https:\\\/\\\/igamingbrazil.com\\\/en\\\/online-en\\\/2022\\\/10\\\/27\\\/high-demand-for-live-casinos-drives-evolutions-quarterly-revenue\\\/\",\"name\":\"High demand for live casinos drives Evolution's quarterly revenue - 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