Evolution, the world’s most prominent supplier of live dealer games for online casinos, has published its financial results for the first quarter of 2023 and the numbers show increasing revenue and EBITDA (earnings before interest, taxes, depreciation and amortization).
The company’s revenue for the first three months of 2023 amounted to 429.6 million euros, a figure which represents an increase of 31.5 percent compared to the same period of last year, when the supplier generated 326.8 million euros in revenue.
Evolution’s live casino division brought in the vast majority of the company’s revenue, 360.1 million euros in the first three months of 2023, representing an increase of 36.1 percent compared to the first quarter of 2022. The respective increase was motivated by the company through increased income from commissions from existing customers but also through new partnerships.
The company also recorded increasing revenue from the RNG (random number generator games) sector, amounting to a total of 69.5 million euros for the first three months of the year. That figure is 11.6 percent higher than the respective period of 2022. One of the contributors to that revenue was Big Time Gaming, the Australian company that was acquired by Evolution in 2021.