It’s been a busy year for Evolution Gaming. And all this labor intense work and planning shows, on the numbers presented in the financial results. With their continued spending and global strategy, the goal is quite clear for Evolution. Amongst the initiative to expand their presence in New Jersey by adding a live studio. They have been focusing on new game developments, and platform improvements. All this came of course with many new customer agreements.
So, it is safe to say that Evolution gaming keeps on expanding the gap furthermore to their competitor. With the new addition of New Jersey and its initial ten tables. Evolution will have more than 500 operational live tables by the end of this year. And, according to the news, their New Jersey studio is set to be ready in the third quarter 2018!
What are the numbers telling us?
With all investments and improvements going on at Evolution, they reported an impressive growth this year. The revenue for the second quarter summed up to € 59.3 million ($68.7 million). So, that’s a €4.2 Million ($4.8 million) improvement from quarter one, a YOY growth of 40%.
All in all, the operating revenue increased by 35% to €110.8 million ($128.4 million). And although we saw a small dip in share price in April, it has been on an upward trend ever since. And there’s no doubt that Evolution gaming will gain even more market shares with the NJ live casino studio too!
So what can we expect going forward
It’s quite clear after reading the interim report; Evolution gaming has no intention to slow down anytime soon! And we can anticipate the next quarter numbers to be as favorable as this one.
Martin Carlesund CEO of Evolution Gaming commented on the positive trend.
“Most of our customers licensed in a limited number of jurisdictions while operating in a global market. In line with our customers’ geographical spread, our global exposure is also increasing. Against this background, we provide, in this report, a clearer picture of where our end users are. We can affirm that the proportion outside Europe is increasing. And that regulated markets account for about one third of our revenues”.