Evolution's financial report indicates a 34% increase
As a result, Evolution posted a profit of €201 million, up from €144 million in the same period of 2020. Meanwhile, EBITDA rose by 36% to €238 million, reflecting a margin of 69.3%.
These strong second-quarter results contributed to a 36% increase in Evolution's overall operating revenue for the first half of 2022. The figures for the six-month period are even more promising, with operating revenue reaching €671 million compared to €492.5 million previously reported, and EBITDA climbing 40% to €468 million.
The provider's profit for the first half of the year also showed double-digit growth, increasing by 44% to exceed €398 million.
Despite these positive results, Evolution's CEO Martin Carlesund believes they do not fully capture the company's operational performance. He stated, "From a financial perspective, I consider the second quarter to be good, but not outstanding, and it does not fully reflect our operational successes."
He added, "When evaluating our results, we must take into account the exceptional growth we experienced last year, which impacts the percentage shown in the second quarter of 2022. Overall, we are satisfied, but not entirely pleased with the 69.3% margin for the quarter. It is likely to remain within this estimated range for the entirety of 2022."
From January to June, Evolution continued to expand its live casino division, opening new studios in Spain and Armenia, as well as launching live games in West Virginia. In June, the company also announced its acquisition of Nolimit City.
In related news, Play’n GO has entered the U.S. market.
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 ...
