Evolution AB Q3 2026 financial performance

Overview

Evolution AB reported third-quarter revenue of €526.1 million, a 3.7% increase compared to the previous year. While the company saw growth across all regions for the first time since 2024, net profit decreased by 3.6% to €243.3 million.

Regional performance was mixed; significant growth was noted in Africa (23.7%), Latin America (23.1%), and North America (13.6%), which helped offset a 4.7% decline in European player revenue.

Operating expenses rose by 12% to €235.9 million, driven by personnel costs and expansion efforts. Specific costs included a €5.6 million settlement with the UK Gambling Commission and €6.5 million related to the terminated Galaxy Gaming merger agreement. Additionally, CEO Martin Carlesund noted that regulatory shifts in Brazil, specifically a government decision to prohibit regulated online gambling, forced the closure of the company’s Brazilian studio on October 5, 2026.

Entities

Martin Carlesund · Brazil · Galaxy Gaming · UK Gambling Commission · Pontus Lindwall

Timeline

1 day ago

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Evolution reports €526.1 million revenue in Q3
Evolution AB reported Q3 revenue of €526.1 million, a 3.7% increase, though net profit fell 3.6% to €243.3 million due to rising operating expenses.

Sources

brandaktuell.at · gastatepatriot.com · tokenpost.com · zonadeazar.com