Evolution’s CEO, Martin Carlesund, anticipates a gradual transition to double-digit revenue growth in the slots business after a remarkable 28.2% increase in Q2 revenue. Live games generated €371.8m, and slot machines brought in €69.3m.
In an outstanding achievement, Evolution surpassed its EBITDA margin record for the quarter. Though content with the results, Carlesund aims to push the business even further for continued improvement.
In a remarkable surge, operating revenue in the second quarter soared to €441.1 million, marking an impressive 28.2% increase compared to the same quarter last year’s €344.0 million.
Analyzing these figures in detail, the revenue from live casino games reached an impressive €371.8 million, boasting a substantial 33.5% year-over-year increase. Evolution attributed this growth to higher commission revenue from existing and new customers.
Regarding RNG, the revenue in this segment amounted to €69.3 million, indicating a more modest growth of 5.8% compared to last year’s €65.5 million. However, when including Nolimit City’s prior year revenue, which contributed to a total of €72.2 million in Q2 2022, there was a 4.0% year-on-year decline in revenue.
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