Evolution hails mobile growth as key finances rise in Q2

Evolution Gaming has cited the success of its mobile gaming operations as one of the main reasons behind a year-on-year increase in key financials in the three months to June 30.

Operating revenue in the second quarter amounted to €42.3m ($49.3m), which represents a rise of 56% on the €27.1m collected in the corresponding period last year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) also hiked 81% year-on-year to €19.2m, with profit climbing from €7.6m to €14.6m.

As a result of its positive performance in the second quarter, Evolution was also able to post impressive results for the first half of the current year, during which operating revenue totalled €82m, up from €51.9m in the first six months of last year.

EBITDA was also up from €20.9m to €36.3m, while operating profit came in at €29.9m, compared to €16.6m in the first half of 2016.

Martin Carlesund, chief executive of Evolution, said: “I am very pleased to be able to sum up an eventful quarter with positive development in several areas; the favourable momentum of the past quarters continued into this period, with a strong and steady growth for all products.

“It can be noted that gaming revenues generated on our platform using mobile devices exceeded 50% for the first time in this quarter.

“We are seeing continued live casino initiatives among all of our customers, who are also marketing their offerings towards end users to an increasing extent.

“Land-based casinos continue to show considerable interest for our converging product ‘Dual Play Roulette’; our latest installation, which is available for our entire licensee network, can be found at Grand Casino Bucharest.

“Finally, I am happy to announce that, after the end of the period, we have been given the all-clear to establish our next major studio in Tbilisi in Georgia.

“From this studio, we will continue to expand, offering our services to additional customers and markets.”

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