Evolution reports a 37% increase in revenue
The group's operating revenue for Q3 2022 reached €378.5 million ($381 million), up from €276 million in the same period last year. Meanwhile, EBITDA rose by 35%, reaching €261 million compared to €193 million in 2021. Operating profit also saw a substantial increase, climbing from €172 million to €236.4 million, reflecting an overall revenue growth of more than 37%.
Evolution's net profit also showed strong growth, with the group reporting earnings of €221.3 million for the period, a 41% increase compared to the same quarter last year.
Martin Carlesund, CEO of Evolution, commented, "We continue to see very high global demand for both our new and existing products. We are also consistently increasing our market share and widening the gap from our competitors."
Live games accounted for the lion's share of the group's revenue in Q3 2022, generating €310.4 million—an increase of 45% compared to the same period last year. Games featuring random number generators (RNG) contributed the remaining portion of Evolution's operating revenue for the third quarter, totaling €68.1 million.
Carlesund also noted that overall revenue from RNG games increased by 11% year-on-year, aided by the company's acquisition of Nolimit City. However, he expressed that this figure was not satisfactory, citing that the provider developed too few slot games in the past quarter. The company plans to address this issue in the near future, with plans to release a series of new titles featuring unique mechanics.
In related news, Betsson has also reported revenue growth for the third quarter of 2022.
Blog
Explore more interesting news
Amigo Gaming has announced a new partnership with Elantil, a company renowned for its flexible, modern, and operator-focused approach. As part of the agreement, the ...
The Brazilian Senate's Economic Affairs Committee (CAE) has approved a bill to gradually increase the gross gaming revenue (GGR) tax for casino operators from 12% ...
Pragmatic Play has announced a new partnership with Loterías Torito, aimed at strengthening the provider's position in the regulated Peruvian iGaming market. This agreement will ...
Lotte Tour Development Co. Ltd, the owner of the South Korean casino Jeju Dream Tower, has released its financial results for November 2025. During this ...
Genting Malaysia's revenues significantly exceeded forecasts for the third quarter of 2025. The group's total revenue rose by 22% year-on-year, reaching $813 million (63.6 billion ...
A user of the online casino DraftKings in Michigan has set a new record for the American gambling industry by winning the largest jackpot in ...
Content provider for online casinos, Amigo Gaming, is continuing its expansion in Latin America. The company has announced an extension of its strategic partnership with ...
The regulated sectors of online betting and land-based gambling have played a crucial role in the significant increase in Brazil's tax revenues in October and ...
Finland is steadily moving towards the licensing of its iGaming sector. Today, the country's authorities published two draft technical documents that will form part of ...
BGaming, a prominent game developer, has been honored with the prestigious SiGMA Central Europe Award for "Best Casino Game of 2025" for its viral hit, ...
The iGaming industry in Ontario set record results in October 2025, achieving its highest figures since the launch of the regulated market in 2022. According ...
Booming Gaming has announced a partnership with online casino operator Placard, marking the supplier's debut in Portugal's regulated iGaming market and strengthening its presence in ...
