Evolution reports €526.1 million revenue in Q3

Evolution AB reported third-quarter revenue of €526.1 million, representing a 3.7% increase compared to the same period last year. While revenue grew, net profit for the period fell 3.6% to €243.3 million.

Adjusted EBITDA rose 2.7% to €345.9 million, closely aligning with market expectations. However, operating expenses increased by 12% to €235.9 million, driven primarily by personnel costs related to new studio tables and expansion efforts. The company also noted expenses including a €5.6 million settlement with the UK Gambling Commission and €6.5 million in costs related to the terminated Galaxy Gaming merger agreement.

CEO Martin Carlesund noted that, for the first time since 2024, all regions reported quarter-on-quarter growth. The company continues its expansion with plans to bring new gaming content to the North American market.